Weizmann Ltd Detail
Weizmann Ltd is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Textile processing and Financial activities sector.
As per the Company website it is is the flagship company of the Weizmann Group with business interests in Textile Processing and Exports, Fin-Tech and Renewable Energy.Currently the Company is focusing on its core business of Textile Processing. The processing unit of the Company is located at Naroda, Ahmedabad.
The Company office is based in Mumbai. It has undergone many restructuring and sell offs. It has exited many business like Wind Power and Forex etc. It finally settled on Textiles business.
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.
Weizmann Ltd Stock Performance
Above chart is sign of unstable Company. It has moved up and down couple of times abruptly in past 16 years. As mentioned in detailed sector the stock has sold and restructured some of its business in past. These abrupt graphs of increase and decrease are created by those business decision.
On absolute basis stock has given 4 times return. At current market price it is giving more than 1% dividend yield which is good.But the abnormal price rise and price fall makes things worse for investors. It makes it difficult to judge the entry and exit timings.
Weizmann Ltd My Opinion
Weizmann Ltd is a Textiles company as of now. It has different business presence in past. I will not be detailing them again. But Company has gone too many changes in past which is not good for any Company be it big or small.
Changes like these are often for improvement of performance. It is an exercise to get rid of non core business as they are not profitable. I term these type of Companies having too many things going on as unstable Company.
I would not recommend these type of Companies to be part of portfolio. I will not be tracking or investing in this stock.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.