Mangalam Timber !!

[vizzie]

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]

vizze

Refer to my views in the following thread

http://www.traderji.com/26972-post43.html

karthik

 

[vizzie]

Hi Karthik

But now that it is out of BIFR
does that change ur opinion in some way.

regards
vizzie

vizze

Refer to my views in the following thread

http://www.traderji.com/26972-post43.html

karthik

 

[karthikmarar]

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

 

[vizzie]

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

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