I bought this share @ Rs 3451.00 on 18.12.07 CMP 1113.15 on 30.08.09 dayhigh 1123.00 daylow 1090.00 Yearhigh 1261.00 For the same rate at that Larsen was also in the same price but they issued 1:1 bonus shares Is LMW will issue any bonus shares? In my experience achieving a target of Rs 5000 is difficult task even fundamental is strong. Guide me for holding this stock.
The price at which you bought was quite steep. I had also bought at that price but then I consistently bought through the decline and my last buy was in the 500`s. LMW is in the textile machinery manufacturing space and this industry is going through trying times. I cannot see 5,000 in the near future. I recommend that you buy at every dip and keep selling when you get a decent return so that you can make up for the loss that you will incur on your original purchase.
I would like to correct you on that. LMW is not just in the textile machinery manufacturing and servicing business. any factory in India that needs a Computerised Numeric Control (CNC) Machine buys it and services it from LMW. So, it is not just the textile industry it caters to. I have seen these machines (Turning & Machining Centres) used in Auto Manufacturing Units, Auto Ancillary Manufacturing Units, Suction Unit Body machining for Petrol pumps etc. what i have put down is just the tip of the iceberg. if you look at the competitors, they have one company that is probably a fraction of a per cent of it`s size. if you want to become rich in the Stock Market, this company can make you really rich if you keep buying a few shares every month
| NIFTY 
