As I recommended, today was the day of bottoming for the stock.. the Stock shown the best signs of bottoming out.. Looks attractive at these levels now.. So just Buy Buy Buy Buy Buy ... The COmmpany is having AGM on 20th June wherein it may declare some dividend (may be Rs. 1 to 1.2 per share) as per the history of the management. Though this year was not so good for the company, management is not too bad... So this could sound better price for the company to buy.. Please dont wait for share price @ 24 or below.. today it bottomed out @ 24.80.. clear signals for bottoming because the rise from there was with better volumes... and it should start its norther/upword journey in a day or two... Best of luck..
Harshul I`m not very impressed by the stock but certainly impressed by Ur strategy here.........so far all targets on the bulls eye...........hence I entered at 25.35 on BSE,for the bulls eye once again.
Best of luck dude.. Dont worry.. U will surely make good money.. If u see my recommendations in past... whether for buy or sell, u will realise that all the predictions and reccommendations came true... The same I believe should continue.. Hold this stock till may be 32 levels in max a month or so(or may b just post budget)... and then it can go up to 38-40 levels.. where i think this stock would again look costly and due for correction.. till then Enjoy rally on the stock.. Just "HOLD"
I am intrigued by your assessment that management is good. IS there a real company? The market price over the last few years does not suggest that. They took over erstwhile visual soft (connected to Raju of Satyam `s) if i remember right.
I also believe that this is a good stock and will give good returns within a short period. I have checked the technicals just now. RSI is still moving downwards, below 50. It has corrected from 34/- to 25/-.Considering the market as a bullish one it can be bought now. Waiting for bouncing back was a better option. But in Indian market waiting sometimes become unlucky option due to ckt breaker on both the sides. Once bounces, it goes to UC and there remains no sellers. That is another big problem.
Yes! they could procure visual soft at dirt cheap valuations.. Visual Soft in F.Y 2000 software boom was quoting 10600 just like Infosys... But then there were Deepak parekh who distroyed this stock.. Visual soft was then found of having bad management and prices fall to the lows of Rs. 60 in 2003, which in my view was highly under valued because the company kept on giving good dividend of Rs. 2-5 every year.. the real business & earning was good.,.. but there was management concerns.. thereafter Megasoft management which was good management( U can see the history, All mutual funds, insurance company & FIIs have always trustd this megasoft management and today also more than 53% stocks are held by several funds, FIIS and other body corporates). Megasoft management picked up visual soft at dirt cheap valuations of exchange ratio of 5:8... if we consider visual soft price at current valuation of megasoft, it would be somewhere around Rs. 15... Even visualsoft (even with the bad management) which was always giving dividend of Rs. 2-5 every year, is dirt cheap valuation for the stock.. Now, with this good management, we can expect genuine dividend as well.. AGM is on 20th June.. (just in next 4 days).. if management can declare any dividend even for this tough year of BPO & telecom sector, the stock price would b running like leopard.... Anyways there is hardly any risk in the stock at these prices.;;; considering all these, I have "BUY" recommnedations for the stock... JUST WAIT & WATCH..
I am invested int his by virtue of my visualsoft holding. How did Deepak parkeh destroy this? Will be happy to learn some history - u seem well connected into the stock.
What price can one buy upto ?
you may buy this stock at current valuations.. or may be up to Rs. 30 on max side.. because in immediate run, I dont see stock going beyond 32 levels in a hurry... once it cross 32 levels, it wil b in new territory and one need to revalue it.. and then it can go to 38 levels in hurry.. and upperside target can be 60 and then 76... this may take abt 1-3 years to reach 76 levels...
on the lower side, you may accumulate this stock, if it falls say up to 19- 20 being the lowest side(though I dont see it goinmg to that levels)..
Actually, u will b lucky, if u get the requisite number of shares @25 levels.. because not too many investors want to sell the stock at such a cheap valuations.. but anyways.. technicals runs its own way.. In my view, Just But and Hold for 6 months or so.. I m sure, u can make some really good money in this stock.. provided market sentiments remain positive, which it appears at present..
The Market suddenly shown some downward ,ove in this stock.. But dont worry.. B brave and HOLD... It should recover equally fast... Best of luck for thoese who bought shares @24 and 25... Even I have bought shares at those levels.. Lets see wt happens in AGM..
The free fall has come in the stock due to Company`s inability to declare any dividend for the current year.. This is to some extent bad news.. Also company to some extent sounds in liquidity crunch looking at the financials..But still, looking at the valuations, the stock looks cheap at current valuation.. the Balancesheet reported EPS of Rs. 7 for last year which is reasonably decent.. so present valuation is just PE of 3.. which is attractive... and ... company continues to grow.. Management atleast promise and forsee the growth.. Now lets see.. But present valuation discounts every bad news of the company.. Company has majorly restructured its operations and cost cutting.. Sold off 3 subsidiaries which were almost inoperative in Genemany and US too.. Company has highest business development in US, which is affected the most in global crisis... So the company is facing liquidity probs.. but still current valuations look attractive.. and sustainable..
As I told you, the stock looked cheap at current valuations.. I myself bought 10000 shares today @ 21 levels.. I m willing to buy another 50000 shares @ Rs. 20.50.. If any1 is willing to sell good quantity today @20.50, please let me know.. I can buy it today itself, irrespective of market fall and price..Please let me know if there is any willing seller @20.50... Those who expect shares to fall can sell me please..
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