Hi,
For those who have remained invested in Shiva cement read the following carefully
We all know what a rally small caps had and then what a drastic fall it had.
Much of the stocks moved without any fundamentals and they paid the price by a heavy fall.
I had been telling every time that shiva cement is fundamentally strong, but did not have any proof. BUt now here comes the proof
Check out the December 2007 results posted on
www.bseindia.com
PAT (Profit After Tax) for shiva cement has increased from 6.05 Million Rs to 14.65 Million Rs. This is a stagering 100% + increase.
They also have many expansion plans lined up.
I dont say that this will drastically increase the stock price, but the long term signal is very very positive.
Recently the company has been debt free as well. I am sure that no other small cap company has posted such great result this quarter.
We might start to see an upward movement in this stock in days to come. The movement will be slow but certain.
So my dear investors "JUST STAY INVESTED"
cheers