3rd december 2006
I had bought Kochi Refineries as it was a value stock. Since it is now merged with BPCL now the fundamentals of this company has changed. The stock now trades at Rs 340 with a 52 day high and low at Rs 502 and Rs 291 respectively. The total shares outstanding is Rs 300 million whereas the total market capitalisation is Rs 102 Billion. The Book value is around 252.79. The debt equity ratio is high at 0.92.
1 comment:
As I said I quit this business as the fundamentals changed. Moreover it is a commodity business with no franchise value.
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