Ahmed
I found this stock BAMPSL Securities BSE: 531591
quoting at 0.91 Ps per share with FV of 1
Its EPS is 0.23 and last quarter has been fantastic. Would you advice to go with these kind of scrips. Since the price is very very low, volume would bring good profits. today volume is with 5.6 lacs shares.
Sudharsan
When you say a "scrip is low priced", do you say so because of its share price?
But, that is wrong notion and you may land in huge losses.
You will have to study the scrip and arrive at a value for that scrip (based on its fundamentals). Compared to that, if the market value is lower, then you can say it is cheap.
Say, a Reliance mobile phone costs Rs.1000. And some shop sells it at Rs.900, then you can call it is available for cheap.
Just because it is available for Re 1.00 or lower doesn't mean cheap and there are many such stocks in the market.
Be careful while buying those.
I am not saying that, it will not give good returns. They may give you 100% profit in 1 week. But, they may also disappear in the time to come.
If you have the flare to take the risk, then only buy it.
If not, then better buy ABB by paying Rs. 4000+ or Infosys by paying Rs.2000 or Reliance by paying Rs.1600+ and sit for 1 year and get a decent profit.
-Narendra
