Sneak peak into Mid-Cap stocks that are below Book Value - Part 2 (of 3)

6. HPCL:
Face Value: Rs.10
Book Value: Rs.358
Current Price: Rs.340.75
Year High: Rs.555.70 (Sep 6 2010); Year Low: 292 (Apr 29 2010)
It is currently 4.8% below its book value; 38.68% below its year high and 14.31%  above its year low. This is part of Nifty Junior Index and is a good dividend paying stock. It last paid Rs.12 as dividend (03-Sep-2010). This stock may have support  at Rs.332.3. If this is broken, it may test its year low or find support at year low - Rs. 292. Given the expectation that Oil prices are bound to go further up from the current $90 levels to $120 levels., this stock will have good upside potential. However considering its current price position, it may be prudent to rather wait to see a better opportunity to enter.

7. HDFC:
Face Value: Rs.2
Book Value: Rs.631.9
Current Price: Rs.604.15
Year High: Rs.860.8 (After split) (Oct 11 2010) ; Year Low: Rs.465 (Feb 8 2010)
This stock was split last year in the ratio of 10:2. So, not sure about the accuracy of the book value. It is currently 4.8% below its quoted book value; 29.8% below its year high and 23% above its year end low. I could not arrive at a view for this stock.

8. Edelweiss Capital:
Face Value: Rs.1
Book Value: Rs.300.7
Current Price: Rs.37.5
Year High: Rs.68.2 (After split) (Oct 28 2010); Year Low: Rs.36.85 (Feb 4 2011)
This stock was split last year in the ratio of 5:1. So, not sure about the accuracy of the book value as it is quoted at a huge difference. It is currently 87.53% below its book value; 45.01% below its year high and it has just formed a new year low on friday (Feb 4 2011). It has been quite volatile in the recent period. In 3 months period, it has reached from its year high to year low, which is almost 46% down. Would need to review its fundamentals further before taking a decision on this stock.

9. Kalpataru Power:
Face Value: Rs.2.
Book Value: Rs.387.4
Current Price: Rs.131.2
Year High: Rs. 225 (After split) (Apr 22, 2010); Year Low: Rs.130 (Jan 31 2011)
This stock also was split last september in the ratio of 10:2. So, not sure about the accuracy of the book value as it is quoted at a huge difference. It is currently 66.13% below book value; 41.6% below year high and just about 1 % above year low. Its volume is very low and this stock is not in the F&O segment. Though power stocks are generally good in the long term, may be, there are better bets in the market. Would need to review its fundamentals further before taking a decision on this stock.

10: Kirloskar Industries:
Face Value: Rs.10
Book Value: Rs.493.
Current Price: 364.1
Year High: Rs.879 ; Year Low: Rs.240 (Jun 24 2010)
This stock has reached its year high and low on the same day (on Jun 24 2010). Some unusual movement on that day. It is currently priced at 26.15% below its book value; 58.58% below its year high and 34.08% above its year low. The volume is very very low (just 3 digits). I would look out for better opportunities in other stocks with better liquidity.

Part 3 to follow shortly...