Beckons Industries Ltd - Penny Stock Idea

[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.

[robertdavis]

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

[ravindarjobs]

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?

[rmani84]

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?

It is a risky bet and recent quarter results have gone into losses ... Let it clock some profits ... Then try to trade to make short term gains ... Most penny cap stocks are not for long term ... Only very few are good enough to hold for long term !