When i opened the times of india, i found a full page advertisement of this company.It is part of Yash Birla Group. What i was astonished was that they are giving 4.5% of bonus and 1:5 bonus shares to celebrate 60 years jubilee.
http://economictimes.indiatimes.com/stocks.cms?ticker=birla+&pagenumber=1&pagesize=30&companyid=21607&matchcompanyname=false
the face value of this share is 1.Future plans of the company are
Rs200 crore investment in retail foray
Rs150 crore in yarn processing
Rs75 crore each in expansion of existing yarn capacity and manufacturing of garments
PE ratio 32.53
EPS (Rs) 0.04
Mkt Cap (Rs Cr) 275.40
Though it is a birla group company, it is surprising that it is available at such a low price.Record date for Bonus share is yet to be announced.
Some of my friends have bought this stock today.
http://www.dnaindia.com/mumbai/report_birla-cotsyn-draws-up-rs-500-crore-capex-plans-for-expansion_1422026
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