Goldstar Power Ltd, a penny stock valued at Rs 4, is expected to generate good profits in the future. The company operates in the battery sector and has been manufacturing various types of batteries since 1999. Its products, including storage batteries, dry batteries, and solar power batteries, are widely used in the automobile and personal sectors. The company also engages in exports, indicating a promising market in the coming years.
Company Details:
★Goldstar Power Ltd has a strong return on equity and return on capital.
★The promoters hold a significant 72% stake in the company, demonstrating their commitment to its growth.
★Over the past year, the company has delivered a remarkable return of 187% to its investors.
★The company’s annual sales and net profit have been consistently increasing.
Fundamentals and Financials:
★Market Cap: Rs 110 Cr.
★Current Price: Rs 4.55
★High/Low: Rs 10.4 / 1.29
★Stock P/E: 29.4
★Book Value: Rs 1.00
★Dividend Yield: 0.00%
★Return on Equity: 18.3%
★Promoter Holding: 72.9%
★Profit after Tax: Rs 3.73 Cr.
★Debt: Rs 13.3 Cr.
★Debt to Equity Ratio: 0.55
Investment Advice:
★Investors interested in penny stocks in the battery sector should keep an eye on Goldstar Power Ltd.
★However, it is crucial to conduct thorough research and seek advice from a financial advisor before making any investment decisions.
★Blindly investing based on news articles can lead to potential losses.
Conclusion:
★Goldstar Power Ltd is a penny stock with potential for profit in the battery sector.
★The company has a strong market presence, with a significant stake held by its promoters.
★Investors should exercise caution and make informed investment decisions to avoid any financial risks.
News Summary:
★Goldstar Power Ltd, a penny stock valued at Rs 4, is predicted to generate substantial profits in the battery sector.
★The company has been manufacturing various types of batteries since 1999, serving the automobile and personal sectors.
★Its strong financials, including a high return on equity and capital, along with a 72% promoter holding, indicate a promising future.
★Investors are advised to conduct thorough research and seek professional guidance before investing in penny stocks.
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