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
Updates
Disclaimer: Investments in stocks is very risky, take decision based on your judgement.
This is the best opportunity to grab this and hold for 3-6 months.
Reasons for buying
- [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.
- [8-July-2011] FII shareholding increased from 9.13% (Mar-2011) to 12.73 % (Jun-2011)
Updates
- [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.
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