Precot Meridian Ltd Detail
The Company website seemed hacked as Google gave deceptive website warning when I tried to visit it. I did not try again to get details about it. The Company deals with Cotton yarn and Hygiene product manufacturer.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Precot Meridian Ltd Stock Performance
As mentioned in detail section the Chart presents a sorry state for the Company. It was trading at levels close to 250 in year 2005. Now in past 10 years or so it is trading below 50 levels. So investors have lost good amount of money in this counter.
The stock has not crossed 100 mark after year 2012. It has been on slow decline and consolidation phase. The stock has not performed over the years and Company website presents a sorry state. It makes matter worse for the Company.
Precot Meridian Ltd My Opinion
Precot Meridian Ltd is a Textiles Company.Based on my experience with the Company website and stock price performance I would not advice to invest in this Company. Big investors have good money so they can risk it. Retail investors should stay away from dubious Companies like this.