Beckons Industries Ltd - Penny Stock Idea

CMP: 1.84


Beckons Industries Ltd. farms algae for use in producing biofuels and animal feeds.

Beckons Industries Ltd is a 14 Crore penny cap share. Its trading at attractive P/E levels of 0.70 for a company with minimal liabilities. The revenues have spiked 20 fold from 5 Crore to 120 Crores in FY10. Profits too spiked to 10 Crore in FY10 from near 0 profits in the past. FY11 also has been phenomenal with over 200 Crore revenue and 20 Crores in PAT in the last 4 quarters. It has tanked from peaks of 12 Rs to less than 2 over the last year. Its now trading near its 5 year low and is a bet to take. Buy with minimal exposure and accumulate as the stock grows bullish on the chart.

Its a great thing that Beckons Industries Ltd is a 14 Crore penny cap share but it should be properly manage.

Originally Posted by swingtrade

CMP: 1.84


Beckons Industries Ltd. farms algae for use in producing biofuels and animal feeds.

Beckons Industries Ltd is a 14 Crore penny cap share. Its trading at attractive P/E levels of 0.70 for a company with minimal liabilities. The revenues have spiked 20 fold from 5 Crore to 120 Crores in FY10. Profits too spiked to 10 Crore in FY10 from near 0 profits in the past. FY11 also has been phenomenal with over 200 Crore revenue and 20 Crores in PAT in the last 4 quarters. It has tanked from peaks of 12 Rs to less than 2 over the last year. Its now trading near its 5 year low and is a bet to take. Buy with minimal exposure and accumulate as the stock grows bullish on the chart.

it's last years profits are not good. -10.88cr losses shown in September. How is this stock performing now. Can we still go for it for long term?