mahmeds2000 said:
hi pankaj,
thanks for the reply. Do u know any long term targate about ginni? i also want to know the support. Is this stock is good to keep for long term.
thanks
ahmed
Hi
It yearly high was 57 (I think) and a low of 17 or so. The IPO was for expansion. it will show up only in 2007-08. So this year it may move in range. Promoters are holding large % of shares . So they are not about to run away. It has high debt ratio so some problem on this front. Yet they have managed well so far but it will be about average stock to hold. Portfolio will be better without it from fundamental point of view.
In any case it is below 50 rs. so it can be classified as penny stock. Better stocks may be available. However I am not qualified to comment for investment. That is my personal views.So you can ask karthik , supratik and few other for fundamentals and amitbe for technical.vvonteru for spade for a spade call in trading space.
I answered you query since I read about Ginnifilament in BL.
Pankaj