I had bought Omnitech Infosolutions at 149.20 per share recently last week but since then it has shown a downturn. What will the short term target for it.
I can hold this counter for 6 months if it can give me some good returns.
Omnitech was listed 2-3 years ago. As per as I remember it touched a high of around 200 in the past. Even Mr. Udayan Mukherjee had recommended it in the past. Recently it has touched a high of 154. Self had disposed at 153. Due to the current US dollar issue, these stocks are not performing well. Besides after a journey from 120 level to 154 in a very short period, a stock needs some cool off time and consolidation for further upmove. Buying at 150 is little bit high but this share would go to 180 level within a month or two. So for medium term perspective it is an excellent one.
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