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Spic

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  #1  
Old 1st March 2005, 08:10 PM
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Default Spic

I think SPIC is a good bet in the near future. It is in the fertilizer sector which had a good budget and it has bagged a contract of 73 crores which will be over by 1st qtr, this year. Further the P/E multiple of the stock is way low then the industry average.
I bought at 24.
What do you say Trader Ji and what do you expect the near term target ?
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Old 2nd March 2005, 08:35 AM
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Default Re: Spic

SPIC has already moved up from Rs. 9.00 to a doube top of 25.00.

The good news that you are talking about is probably discounted in the current price of this stock.

I would personally like to see a close above 25.00 efore I enter this stock. Moreover a close below 20.00 could indicate the beginning of a downtrend.
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