Alchemist jee ., what do u think abt this bartronics stock is going to do in this week.

I bought this today at 182 for very short term gaain.

Down Circuit Bought yesterday

Is there any bad news for bartronics.Is this going to continue the downward jopurney

which group this stock belongs to

Its B group company. Long time ago its was lingering around 60 to 80 Rs and Now it jumped as like anything due to market sentiment and stable govt outlook.

I think this company got the I card project from the govt. Wait for a while and see how it goes?

Wise Investing

- It is strong sell for me
- Check out the resistance from Aug-Sept 2008 acted resistance again!
- Also finished near about 61.8% retracement
- MACD is about to confirm divergence and sell signal!

Looks like it is going back to its previous range below Rs 100.

Hope there is no problem with management or book balance sheet?

Happy Investing

If we see the Quarter by quarter . This company is making loss.

Net Income in Q1= 18883.74
Net Income in Q2 = 8166.40

And year on year income:

YoY Net Income = 12473.60 (June 2009)
YoY Net income = 8166.40 ( June 2010)

QoQ and YoY both are going down. Why is it so?

Now stock is at about Rs 100. Dividend is due on 22 Sept.

What is happening with this?

Trading at 116 right now 13% up.

[From data on Moneycontrol.com]

The company has net current assets of 557.53 Cr and generates Net profit of 48.11 Cr. Based on this the company does not appear to be very inefficient.

Net cash from operating activities is negative for FY08 and FY09 (Figures not available on Moneycontrol for FY10).

Debt to equity ratio increased fro 1.29 to 1.79 from FY08 to FY09. (Figures not available on Moneycontrol for FY10).

I am not able to understand what the company does with all the debt. I have burnt my fingers on this company once and now I prefer to stay away.

Once upon a time it was my favorite counter .

I left it when it entered in 3 digits.

That's why I still have some soft corner here..

Happy Investing

I really didn't understood why you people left this stock.

I was really positive to get it at 100 and would have taken position. But it went other way.

This field won't have any problems.

Plus commonwealth games around so its their product which will be in huge demand hence lot of orders.

Fundamentally would have stick with the stock. Security systems is along term bet.

Hi Friends,

Any idea why it jumped today so much ?

Thanks.

It is available at 55 rs, check the charts, it made all time low this week?

What is wrong with this company?

I see having too much debt on books?

Anything else i should know!

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I think it would be low risk entry with a stop loss at 45? what do you guys say?

This counter is back to where it was earlier and

Yes this is good level to invest for years.

I still remember I used to play for intra-day with this counter around this price long ago

When it crossed Rs 99 I removed from my watch-list.

I believe it might remain around this price for long.

Happy investing !

Management guidance is the key indicator in this stock,last year when it traded around 120-140 levels,the company's management gave a poor guidance for the future quarters and showed its inability in delivering or executing the current projects on time.

Watch out for management guidance in the coming quarters before taking a call on this one.

High debt is a big concern for Bartronics.

This is another company with a large number of FCCBs outstanding.

There is no chance of conversion as the conversion price is much above the current market price.

2/3rd of promoters' shares are pledged.

There are issues with company's execution of projects and collection of dues.

Above all, cash flows are poor. The company keeps diluting equity, but that hasn't lead to improvement of free cash flow for the company.

I think it's best to stay away from this stock.

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In 2 days the stock lost 30% price.

Any big negative news?

Can't find any on Google.

See post #56.

Falling rupee is creating a lot of problems for companies that have borrowed dollars.

Bartronics is one of them.

Also a big chunk of promoters' shares is pledged and some of shares may get sold in the market if the stock keeps falling.

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I don't know about the financials or any other details of this company..But if you go into the history of the group of companies i.e. there are 4 companies including Sujana Metals, Sujana Towers, Sujana Universal and Bartronics all of which have the same group of promoters.

To sum up few of my observations

Sujana Metals was 42 rupees in 2010 Nov. Now at Rs 4 (four rupees only)
Sujana Towers was at 250 rs in 2010 Nov.. and now with one split was around 45. Now around Rs.7 !!
Bartronics had a high of 150 and now around 30's.
The stocks have been moving up or down with no news and all this happened in the last 1-1.5 years.

One of the promoters is now an MP in the Rajya Sabha and has a CBI probe and money laundering charges.

Just my thoughts.