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Old 2nd September 2015, 02:44 PM
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For the first time, I looked at this stock today.

The stock's valuations are ridiculously high.

The company's highest reported annual profit is 16.08 crore and highest reported networth is Rs 149.59 crore.

Yet, the company's market capitalization (today's price of Rs 70.50) is Rs 1772 crore.

No stock can go to such abnormal valuations unless it is manipulated.

Even if the stock goes down 90% from current price, it still won't be cheap enough to be considered a value buy.

Investors should stay away from this stock and other stocks in the Amtek Group.
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