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Has a Sell Rating since 21-03-2008 with a Target of 10.00
Comments
SELL Nobody who picked this stock for buying gained.The management of the co. is not reliable and
nobody got any dividend as pointed ouy by Muthu Kumar.It will go down further.I know many
people who bought this stock were whipsawed.
Has a Buy Rating since 21-03-2008 with a Target of 110.00
Comments
Most Undervalued Share in the Market With eps of about 24+ on Rs2 FV it is available at a risk free level of Rs 15.There is lot of
consolidation at this level.While most of the good stocks have fallen down to 4 year low it is
still much above the low of 8.80 even after demerger and conversion into Rs 2 FV from earlier
Rs 10 which shows its inherent strength.It has its EGM on 19th of this month and got approval
for QIP for 500 Cr.within a period of 1 year.In future it is going to demerge again its
educational division which is also doing very well.The current price is highly attractive and
within a period of six months when its recently demerged units are listed and starts kicking it
will surpass the projected price.
I still remember TELEDATAIN which I picked when it was quoating around 11.00 and sold for 62.00.But the thing is, it is not at all a good company.I was lucky to get at the bottom (nearly) and sold at the high,but it was now split into divisions.It is now TELEDATAGL.You know from listing at around 96,it came down 20% down everyday to the level of 22.Only a correction seems to work its way up on friday.During the period of my holding, dividend was declared but nobody got any dividend.It is not wrong to speculate about gains,then one cant go by fundamentals alone.But hold it with a stoploss,eventhen continuous down circuits is not ruled out also.Anyhow wish U better luck.
Hi Nirmal,
I don't understand ur analysis of this stock why is undervalued!If you hav bought it,definitely you will regret it later.Infact I suggested to buy before demerger @ 20 and I've faced a barrage of complaints and fortunately it went up to 60 within a year.I told my friends to offload all of the shares they owned.Many did and reaped handsome profits!
Now,like yourself everybody who gained ask the same question,but my advice was to forget abt the stock.Some friends bought @20 or so without telling me.I told them to sell if a reaction comes.But so far,they are only holding the shares.I'm not an expert and I won't tell the so called analysts are also experts.Only thing is I tell what I infer and not not the medias' hype!
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