Thursday, March 12, 2015
Geometric Software : Update : Stock reccommended on 9-2-2015 at 120 has touched new high of 183
Followers who had invested at recommended levels should be happy to see 50% returns in a month. Such a quick bounce was not expected. One may continue holding since stock has technically touched 52 week high and fundamentals remain strong for the company.
I am targeting 240 in a longer run
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Sir is Kilitch Drug a classic case of undervaluation as performancewise its profits and turnover has already doubled compared to LY within 9 months of CY, it has cash bal of Rs30/-share and reserves of more than 100cr. company did well between 2008 to 2011 and then sold its few plants to multinational and paid 300% spl div to shareholders in 2012 now since last few quarters growth is also good also no debt, no pledge, promoter stake 65% with good management credentials so then why stock should be at 35 when markets in bull run? It also owns land and assets worth hundreds of crores, have i missed some aspect pls guide Sir.
ReplyDeleteHi
ReplyDeletecan we enter geometric at this level rs 230 for short term/long term?pl guide
thanks n regards
madhu