Scripscan:Bloom Dekor Ltd
BSE code:526225
cmp:17
Story:Bloom Dekor was yesterday up almost 5% with the stock hitting the upper circuit limit of Rs.17.32.The stock rose after it made an open offer to acquire 14 lakh shares at a price upto Rs.15.75/share, which was much below the market price.Bloom Dekor Ltd an ISO 9001:2008 Company, is one of the largest manufacturers and exporters of High Pressure Decorative Laminates in India. Established in the year 1994, the factory is situated 500 km northwest of Mumbai and is spread over an area of 60,000 sq.mtrs.,with an installed capacity of 7.2 million sq.mtrs. of laminates per annum.Bloom has carved out a market presence in over 30 countries by pursuing high standards in process, product quality and on-time delivery.Bloom is currently exporting products to USA, Germany, Hong Kong, Singapore, Taiwan, Korea, Australia and other places in Europe and Southeast Asia.Though has a impressive profile but the company in actual has reached nowhere as far its topline and bottomline is concerned over the last 6 years.Even for Q1FY12, despite a 22% (YoY) rise in net sales, the company went into the red with a net loss of Rs.28 lakh as against a profit of Rs.30 lakh in Q1FY11. It had also ended FY11 with a net loss of Rs.56 lakh. Total operating costs rose 21%. Since Q3FY11, the company has been posting losses.Promoters stake stands at 29.65%. Not much of a fancied stock, best to get out when the going is good.But if number impresses going ahead it can hog the limelight again.
