Coming 2nd quarter results may not inspire too much. But the real game starts only after the results or in the middle of November. Big sharks will enter the market and clean sweep the weak hearts. Following are the reasons for the growth:
1. Maize harvestation from Bako farms is going on. The realization amount will be figured in Q3 results.
2. Coming Christmas will improve the demand and margins also
3. Valentine day as usual will be the peak revenue period
4. From Q4 onwards there will be an increase in the flower output from Woliso farms.
20% circuit limit is the major problem for this stock. People are reluctant buy at 20% upper circuit. If it is 5% circuit we can see continuous upper circuits. Anyway it is just a matter of time to cross Rs.20/-
this is first time after a month that stock has closed near 16 Hope that upward journey has started in karuturi with first ressistance at 17.9 I have sold yesterday at 16 hoping to buy at 15.3 again but i think i will not receive the share at that price now as inside my hear i am very bullish on the stock Yesterdays closing at 16 augures well for the stock
Year 2010 is definitely going to be the year of Karuturi Global. We can see the continuous increase in revenues from quarter to quarter. Karuturi is now
Year 2010 is definitely going to be the year of Karuturi Global. We can see the continuous increase in revenues from quarter to quarter. Karuturi is nodoubt "Infosys in making". Never miss this opportunity, seize it. Their expansion is going on all fronts be it maize, vegetables, palm oil or paddy. Their Woliso Rose Farm has added another 50 hectares to their current production.
Let`s witness the unfolding story in 2010.
I wish good luck, happiness, and prosperity to all Karuturi Investors.
Go through the following Link
bloomberg dot com/apps/news?pid=20601080&sid=aeuJT_pSE68c
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