atulrjoshi said:
hi ravi,
please let me know shall i purchase national flask on monday is it profitable and what will be the target?
Dear Atul
On technical grounds
National Flask has all the chances to reach about 7.00.
But my friend Stock market is just not investing in any other scrip and earning profit.if taken seriously it is an art of knowing when to invest,where to invest, how much to invest and what isthe target or profit to acheive from the money you invest...!!!!
National Flask has never posted any profit, never came out of red, the results are poor on each quarter/year and had never paid any divident to the investors. the recent spurt in price is might be due to the AGM coming and book closure from sept 16-19. On last count the company had given bonus way back in 2003. Investing in such counters is not an intelligent thing to do!!!! I personally don't enter/recommend such stocks which are null of fundamentals. As is told by one senior and experienced member of the forum such stocks are meant only for trading not for investing. you enter such stocks as soon as you get some air, stay there for 4-6 sessions and make a quick exit.during whole of this time you never know what is going to happen to your precious money.
Instead there are lot of other stocks which are similar but still different from the above kind. they are the ones which we can enter with much more confidence......
regards
RAVI T
(Its your money invest it Intelligently)