Saraswati Commercial Detail
Saraswati Commercial is in portfolio of Akash Bhansali. He is one of the top investors in India. The company belongs to Finance sector.
As per the Company website it is is a registered NBFC and engaged in lending and trading activities. The Company had office in Kolkata and now has shifted the same to Mumbai.
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.
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Saraswati Commercial Stock Performance
The stock is newly listed on stock exchanges. It got listed in year 2017 at listing price of 8 INR. So far the stock has given excellent returns to IPO investors. It has given more than 5 times return in less than 2 year time which is excellent by any standard.
The price performance chart is impressive. The stock prices rose in a consistent manner over the period of time. Every year it has given positive returns. However the chart is too good to believe as well. There are no fluctuations or downside movement (for even short period of time) after such a good run.
Saraswati Commercial My Opinion
Saraswati Commercial is a Finance Company. The Company does not provide any details about its business. It provides information about Management and Team. The only thing mentioned is trading activities.
The price performance is too compelling for new investors to invest in this Company. But since it is very less known and not too much is available about this Company I would advice not to invest in this Company as of now.
There are better established players available in market in Finance sector. Finance is one sector which is tough to analyze given the Debt and NPA issues. So it is better to stick with proven management if you are investing in this niche.
I have already invested in Finance sector. I will not be tracking this Company as I find it risky bet despite of eye catching price performance.