Bang Overseas
Previous closing - Rs. 45.70/-
Market Cap - 61.97 Crores
Stock P/E - 10.70
FV - 10
Company deals with exports of Mens wear. Thomas Scott, Bang Europa, etc. are their brands. Company sources processed fabric from their vendors and have their own stitching units, Headquartered at Mumbai. As with others, company sales was beaten down badly in 2008 and coudnt recover until recently. FY2015-16 witnessed a complete turnaround for the company and now company is on growth track again. Year 2007-2008 also witnessed such growth for the company when their Stock tripled in a short time. Steep fall after recession and then made failed attempt to recover in 2011. Stock has recently started gaining Volumes and already doubled within a short period. With decent promoter Holdings of 72.98%, and EPS growth consistency from last 3 quarters, stock looks fairly priced at 10 PE. FY2016 EPS was at 0.86 and FY2017 have already crossed 4.
Volume breakout on charts also shows investors confidence on growth of the Bang Overseas. Now, with the march Quarter, investors should keep a watch on EPS jump for full year.
To buy this stock at support, one can wait for the stock to come in 37-40 Band.
Interestingly, Stock have also crossed 200 Moving average on weekly chart which it couldn't succeed during 2011 attempt
This post was just a trailer to show turnaround. We will discuss on how to pick turnaround stories at the right time.
Previous closing - Rs. 45.70/-
Market Cap - 61.97 Crores
Stock P/E - 10.70
FV - 10
Company deals with exports of Mens wear. Thomas Scott, Bang Europa, etc. are their brands. Company sources processed fabric from their vendors and have their own stitching units, Headquartered at Mumbai. As with others, company sales was beaten down badly in 2008 and coudnt recover until recently. FY2015-16 witnessed a complete turnaround for the company and now company is on growth track again. Year 2007-2008 also witnessed such growth for the company when their Stock tripled in a short time. Steep fall after recession and then made failed attempt to recover in 2011. Stock has recently started gaining Volumes and already doubled within a short period. With decent promoter Holdings of 72.98%, and EPS growth consistency from last 3 quarters, stock looks fairly priced at 10 PE. FY2016 EPS was at 0.86 and FY2017 have already crossed 4.
Volume breakout on charts also shows investors confidence on growth of the Bang Overseas. Now, with the march Quarter, investors should keep a watch on EPS jump for full year.
To buy this stock at support, one can wait for the stock to come in 37-40 Band.
Interestingly, Stock have also crossed 200 Moving average on weekly chart which it couldn't succeed during 2011 attempt
This post was just a trailer to show turnaround. We will discuss on how to pick turnaround stories at the right time.
