Mangalam Timber !!

#1
Hi All

The stock was moved out of BIFR recently and hit 5% circuit on Saturday.
Company look decent on fundamentals.

As regards profits
2003- 5 lacs
2004 - 95 lacs.

Any views on this script?
Is it worth a buy?

cheers
vizzie
 

karthikmarar

Well-Known Member
#4
Vizzie

The Half yearly results was bad compared tothe same period the previous year.This stock is now in the uptrend. ut there is stuff resistance at 38. I would not go for it till it crosses 38. If you want to get in now operate with strict stoploss of 31.

Karthik
 
#5
Thx Karthik

Could u pls have a look at the following

Warren Tea, Garware Polyester and Rayban India

Look good technically.
ur views will be very helpful.


cheers
vizzie

karthikmarar said:
Vizzie

The Half yearly results was bad compared tothe same period the previous year.This stock is now in the uptrend. ut there is stuff resistance at 38. I would not go for it till it crosses 38. If you want to get in now operate with strict stoploss of 31.

Karthik
 

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