Times Guaranty

This small cap NBFC company’s stock is a very thinly traded stock with two week average volume not crossing even 700 shares. And just like the thin trades, the numbers of the company are also no great shakes.

The company’s numbers are pitiable to say the least with zero net revenue earned and net loss of Rs.7 lakh. This is not to mention that the company has unabsorbed depreciation and carried forward losses which have not yet been accounted for. Thus given the size of the company’s operations, one cannot help but wonder how the stock attracts even a price of Rs.20? And a part of the Times of India group, one wonders what could be the true purpose behind having this company at all?

The stock has a standing on the bourses on because of its parentage – 74.92% stake is held by Times of India promoters, Bennet Coleman & Company. Its equity is small at Rs.9 crore with nil Fixed Assets. Market cap stands at Rs.18 crore.