Permanent Magnets Ltd. News and Updates

The small cap firm Permanent Magnets Limited (Permagn) had respectable financials, showing a yoy revenue growth of 14% to Rs. 16.16 crore, and 85% growth in net profits YoY for its December 2016 quarter (March quarter results have yet to be declared - and quarterly net profits still are small, well under a crore).

Nonetheless, some large shareholders are showing interest in this stock - recent shareholding disclosures indicate that large investor Sangeetha S joined Hitesh Javeri, Harsha Javeri and Dipak Kanayalal Shah in investing in this company. The share price of the company is currently bullish but below its 30 day average.

Permanent Magnets Ltd. is trading above its 50 day SMA of 734.7

Is Permanent Magnets Ltd. worth buying?

81 Votes:

Buy 77.78%

Sell 13.58%

Hold 8.64%

36.82% Fall from 52W High

High volume today

Permanent Magnets Ltd. News and Updates

Keep track of all breaking news on Permanent Magnets Ltd. from all sources in a single place.