Companies on the Indian Stock Markets which are debt free and or less on debt

>> Saturday, May 30, 2009

Here is a list of some debt free companies and companies with less debt :

  1. NMDC Ltd.
  2. Infosys Technology Ltd.
  3. Sun TV Ltd.
  4. Balaji Telefilms Ltd.
  5. Siemens Health care Ltd.
  6. Jindal Photo Ltd.
These stocks can prove to be multibaggers of long term as these companies are less and even with zero debt.
Any one who has a outlook on any of these companies may comment.

1 comments:

Viral Rajnikant Dholakia May 30, 2009 at 5:19 PM  

Dear Chirag,

NMDC is a profit-making government owned company involved in Iron & Mineral business. Governmet holds a litle over 98% in the company & there is only about 2% shares in circulation among public/institutions.

The company is in focus from the viewpoint of Union Budget expected in next 1 month. Market participants are expecting Disinvestment in the company by the government.

The company's stock price has witnessed a meteoric rise from Rs.120/- levels in Decoember 2008 to Rs.450/- as on last trading session. A whooping 400% rise in a compressed period of 5 months is almost a vertical rise.

In fact, the stock is barely 15% away from its All-time highs of around Rs.540/- odd. The stock is reasonably over-heated in the near-term and investors should look to enter the stock around a crucial support @Rs.360/-.

However, with the Union Budget slated a month later from now, another last round of 10-20% rise cannot be absolutely ruled out on the back of speculation of disinvstment in this counter. Also, a low floatign among public can sometimes also lead to jacking-up of prices due to lower volumes and supply factor.