CMP: 35

SKP Securities Ltd. offers securities brokerage services. The Company buys and sells equities, derivatives, commodities, mutual funds and life insurance, and advises on initial public offerings.

SKP Securities is a 20 Crore penny cap stock. Its currently trading at a P/E of less than 3. Good dividend yields of close to 3% in the last 12 months. Revenues have been steady and have grown from 10 Crores to over 14 Crores in the last 5 years. Profits have been very ordinary till date and has been around 2 Crores in the last 5 years. Recent quarter Q1 FY12 has been out of the blue and revenues have grown over 300% and profits have grown over 800%. The stock is bullish on the chart now and is good for short term players. Long term players should buy now, watch upcoming quarter results closely and decide accordingly.