Acropetal Technologies

This is the recently listed IPO which is now available at Rs17. I liked the businesses in which it is operating presently. It is definitely a buy and hold till its quarter results are out.

This is the best opportunity to grab this and hold for 3-6 months.

Reasons for buying

1. [27-May-2011] Recommended dividend of 12% (Rs1.2 per share).
• [20-July-2011] But till now there is no mention of record date for the payment of dividend.
2. [8-July-2011] FII shareholding increased from 9.13% (Mar-2011) to 12.73 % (Jun-2011)

Updates

1. [8-July-2011] The company received LOI from Keltron of order Rs25 crores. 

• There is a need to verify the quality of the work. Is the work type going to influence the future of the company?

Disclaimer: Investments in stocks is very risky, take decision based on your judgement.

Intec - 62% up from Oct 27, 2010 (in three months span)

Intec Capital crossed its 52-week high of Rs31.55, now trading at 32.55. It is performing good but still very less volume. We talked about this script on Oct 27 when it was trading at Rs20. 62% up!

Great! Hope the company perform good in future.