Stock Ideas

I finally started doing little bit of research on the 'Stocks to check' list I made in last couple of weeks. Marathon Nextgen Realty is one such stock that came to my notice with low PE tag. It incidentally also happens to be my current work place where my client is located.

I took a look at the Financials of the Company, checked their website and went through their latest Annual & Quarterly results. Current PE is 4.45. EPS was Rs.116.06 as per last audited Annual Report for period ending March 2010. However, the Quarterly EPS has sharply come down to Rs. 12.31, the lowest in last few quarters. While their property that I see everyday is pretty decent, it does not seem to have high occupancy right now. Also, the Residential Apartment & the Club House in the same premises are a good pluses. Further, development is still happening with more commercial property coming there. Seems to me that they will grow though inconsistency in the performance is making me uncomfortable. Not much information is available from any publish analyst reports or management interviews.

I decided to drop this finally.