Megasoft is a good profit making company which is undervalued.The book value is Rs.71.70 and market cap is Rs.145 crores with cash reserves of Rs 273 crores...Accumulate this stock at current levels...Target Rs.75 withinin three months...
thestockistradingat a PE of more than 14..which makes the stock more expensive at present..also technically,it is due for some correction. Anyways,its started on friday (when it closed at lower freez..) the same can continue evenon monday atleast...and max upto tuesday..... the better level toenter for the stock is near 24..and 22 couldbe the best support for the stock... Megasoft is best `Buy`,if it touch 22 ever,.. even one can look to buy @24....
Please read my message on 1st Sep...I bought Megasoft at Rs.33.30 as I beleive in this stock and the reason I recommended this stock.Why would I recommend a stock to investors if I would be selling it at a loss at Rs.27.
You will see the results this quarter and and then will see how this stock will zoom....Good day to you....
| NIFTY 
-110309221051.jpg)
