Avon Corporation Ltd
Avon Corporation Ltd – An ISO 9001:2000 Certified company, is a manufacturer of weighing scales under the “Avon” Brand such as – Mechanical Scale, Stylish Digital Glass Scale, Wooden Scale, Wireless Digital Glass Scale, Digital Super Slim Scale, Digital Body Fat Scale, Digital BMI Scale, Digital Body Analysis Scale, Ultra Slim Body Fat Scale, Digital Kitchen Scales, Digital Baby Scales, High Resolution Platform Scales, Ultra Low Profile Platform Scales, Weighbridges and Auto-Vibrator Feeder System with SQC which all are manufactured in their plant located at Baddi, Himachal Pradesh.
Avon was established by Mr. Pankaj Saraiya in the year of 1995. Later it got transferred in to Avon Weighing Systems Private Limited in the year 1999 which again got transferred in to Avon Weighing Systems Limited in the year 2004.
In the 1st year Avon has reached a turnover of Rs.26 Lakh (Year 1995-96) and within the period of Thirteen years Avon reached to a turnover of Rs. 77.58 Crores (Year 2008-09).
During its first year of operations Avon Enterprises was engaged in the dealership of Sartorius (Germany) range of weighing balances mainly used in Diamond industries. Currently Avon is authorized distributors of Kern & Sohn GMBH, Germany & Jawon Medical, Korea; products in India. It was Listed on 3rd July’08 in BSE.
Currently trading around 8 and having a P/E of 3.6 , Book value of 11.46
Avon Corporation
The company has also being giving Dividend’s for the past few years. Considering the growth and the expansion plans of the company, investors can enter in it for 2-3 years time
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gulzar Says:
February 20th, 2010
Posted at: 6:23 pm
thanks sir
but
penny sotck
what about for meaining of penny?
subrahmanya Says:
February 20th, 2010
Posted at: 6:42 pm
Hi CB/Kartik,
Can we enter yhis share now in this volatile market ? or should we wait for some more time? In chart we can see a SMA cross over likely to happen in next few session(MACD cross over already happened).Please suggest.
Thanks in advance....
CB Says:
February 20th, 2010
Posted at: 7:02 pm
Hi gulzar, hope this helps: http://nseguide.com/what-are-penny-stocks/
Hi subrahmanya, as of now enter 50% of what you plan to invest. in case markets correct further add some more.
CB Says:
February 21st, 2010
Posted at: 12:29 pm
Hi mohit, being a penny stock these issues will be there. i am not entirely sure of all that is mentioned above. looking at companies growth in last 5 yrs. all seems to be going well for it. negative cash flow is there in all almost all penny stocks.
CB Says:
February 21st, 2010
Posted at: 1:22 pm
Hi shiva, around 7.5
pennyTrader Says:
February 22nd, 2010
Posted at: 1:04 pm
what is the correct price to get into this counter?
CB Says:
February 23rd, 2010
Posted at: 8:36 am
Hi pennyTrader, enter around 7.70
kavita Says:
February 23rd, 2010
Posted at: 8:57 am
HI CB
at what price should i enter in this stock and what will be target
CB Says:
February 23rd, 2010
Posted at: 8:58 am
Hi kavita, around 7.70-7.80.. can double in a yr.
kavita Says:
February 23rd, 2010
Posted at: 9:16 am
Hi CB
please tell the script code or name
CB Says:
February 23rd, 2010
Posted at: 9:18 am
Hi kavita, its 532995
a kumar Says:
February 23rd, 2010
Posted at: 1:00 pm
pls tell me stock of week and stock of month, when the post on web site..
Deepak Deora Says:
February 23rd, 2010
Posted at: 5:24 pm
CB I have bought 100 VLS at 13.15 , Pls tell me about VLS , we can sell or holding
Mohan R Says:
February 24th, 2010
Posted at: 12:29 am
I Like this company business model and growth but promoter shareholding is very less
I checked Avon Corporation Promoter Shareholding on Bse-india.com website
It is very low only 11.67
Is it safe to invest on Long term?
Kartik Says:
February 24th, 2010
Posted at: 1:00 am
Hi a kumar, they are only for information purpose. not trading ideas
Hi Deepak Deora, as of now it looks a bit weak. has support at 12.30-12.50. for now hold it. fundamentally its good. one can add more on dips.
Hi Mohan R, yes, being a penny stock that should be fine.. fundamentally its strong and is registering good growth
Dr Jorawar Says:
February 24th, 2010
Posted at: 1:18 am
Cb sir till what level can Avon fall....??