Stocks To Keep A Close Eye On

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Savant would be a better judge from a technical & an overall standpoint. However, some points that I can make you aware are:

1. They are having a board meeting tom for granting bonus shares
2. As reported in the newspapers today, 'rumours' are that some institutional players have exited the stock because of underperformance & the CEO has taken advantage of this to accumulate shares
3. Also in the same article, the head hancho of a brokerage firm has bot into the shares.
4. I believe they have FCCBs whose conversion price is 18 & these have to be done by September hence the price could stay below 18 till September.
5. As far as the company goes, it is the largest producer of cut flowers in the world with fields in the South as well as parts of Africa (if I remember - Euthiopia, Kenya, Nigeria)
6. It is a liquid counter - trades I think > 38L shrs/day
7. I own the stock.

Hope this helps

Kumar


Does KGL look good in the short term. cmp14.15. pls advise
 
Does KGL look good in the short term. cmp14.15. pls advise
Dear Welcome1100,

I too was tracking this since about a week. It seems to be in the accumulating phase.

In my opinion it may give a breakout sooner for a target of about 15-20%.

Breakout needs a confirmation of high volume close above 14.75.

However, wait for expert comments from others.

Regards
Chachi
 
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