Wednesday, April 8, 2009
Hot Pick : ALOK INDUSTRIES BSE CODE : 521070 NSE CODE : ALOKTEXT
ALOK INDUSTRIES is a profit making, dividend paying company and the share is currently trading near its lows of approx. 13.60. The 52 week high was 73 and low was 11.55. The stock is going at a mouth watering PE of less than 2 and the Book Value is around 60 Rs. This stock also trades in F&O which means it can see unlimited gains in a single day. This is a stock having great fundamental value and is looking all set for a technical breakout. Targets can be 25, 36 and 55 for long term Investors.
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8 comments:
i also have invested in this script at levels of 50-60. will it come to those levels in a year time?
Hi Ambrish
In one year or slightly more, I reckon it should, provided the overall market situation is conducive. At current levels it's a great buy.
Cheers!
Hi Superstar, its out of F&O now. Will there be any impact on its price movement, i mean now it would move quite slowly upwards?
Yes, Ambrish, moving out of F&O will have a negative impact on the share as we can see currently. But one can accumulate it on dips for long term investment.
Cheers!
Hi Super*, How is Hindustan motors,bajaj-hind and balrampur chini for short-medium term? Thanks.
Whats your view on Pyramid Saimira Theatre Ltd.. thanks
alok ind has already fixed rights issue date as 25th mar & given a dividend of Rs 0.75. i bought it after ur recommendation at rs 15.5. but nw i think as the rights issue is at rs 10(already subscribed 118%) so its value in market will definitely cm down. wts ur view on rights issue & devidend & buying of this share after these events.
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