Palred Technologies(Formely four soft) (FV-Rs5) : Followerrs interested in pure ecommerce company may invest in this new unresearched company at CMP 21

Palred Technologies earlier known as Four soft is Hyderabad base Software products company. Company sold off its software business in past and amount received against sale of business was distributed as special dividend and shared special dividend of Rs 29 per share to investors in Nov 2013. This shows promoters are investor friendly and transparent.

Recently promoters have gone for reduction of equity capital by 60% so current equity will reduce to approx. 7.8 crores from existing 19.52 crores that should result in return of some more money in hand of share holders in lieu of the reduction in capital.

Company has ventured into ecommerce business through firstone.com and is currently selling computers,mobile phones, mobile accossories. Response is reportedly good and had sold some 1.lakh mobile covers. Considering average cost of Rs 500 the revenue earned could be in tune of 5 crores which is good since the website has just taken off. There is a huge potential for ecommerce business in India Amazon, Flipkart, Snapdeal etc. are already doing great business.
Most of the companies are privately held in India the listed identities are very few which enjoy very high PE multiple and are very expensive.

If we look at some .com companies like just dial. ,infoedge(Naukri), Intrasoft they all enjoy very high PE due to growth potential.

Though personally I am little bit susceptive of this business model but looking at growth this business from investment point of view is tempting.
I have been receiving lot of mails to recommend some ecommerce stock and this stock is recommended for followers who are keen to invest in such companies.

Latest News(22-4-2015):Company has announced that they have signed an agreement with India Post to deliver the online orders on COD (cash on delivery) basis across India. Now everyone can order their favourite Mobile Covers/Power Banks/Cables & other tech accessories even from remote corners of country. This is a good development company is creating logistics infrastructure to support the e- commerce venture

 Interested investors  should buy this company at CMP 21which seems to have good promoters.