CMP : 69

Pioneer Investcorp Ltd. is active in leasing, hire purchase, portfolio investment and other financial services.

Pioneer Investcorp hit a peak of over 800 in 2008. In the last 5 years, it made profits except in FY09 which down turned the stock completely. Its back in profits in FY10. The company has some liabilities which is common for finance stocks. Its currently priced fairly at a P/E of 7 and any earnings growth going forward should push the stock higher.