Chart pattern looks positive, can touch 50 to 55 with in a month.
Recommended; BUY.
This kind of companies’ nave makes losses, because their market an business is stable. Irrespective of Bear or Bull, they will get brokerages. These are the FMCGs of the new era.
All genuine investors should add this stock as this has a clear potential to touch 82 Rs in mid term. It is grossly undervalued at present level. Also there is unconfirmed news that fidelity has charted out plans to corner huge chunk of this stock for there VALUE FUND which is open for subscription now.
I don`t understand chart patterns, but the fact that it is falling steadily in a rising market, makes me worry about what would happen when the market falls. What would be the low price, at which we can average.
I have been trying to contact the company repeatedly to get some confirmation of the buyback being in place or not. I am sorry to inform that so far none of them have made any definite statement confirming the buyback. Why don`t the other boarders also do the same and report the replies they receive from the company.
I agree with you that it`s a bit reverse case for this stock, but keep in mind if business is good and stable; stock unlocks its value at some point in time.
There are lot of factors which affects the price in today`s market, including syndicates etc. So you never know, who is playing what?
current price is really cheap, compare to value it should have, so value will be unlocked and that day, you will be happy.
History has shown (and repeated) such promoters are not professionals, and are there only to eat out public money. How many times Sanjay Dalmia`s name/his companies` name hit the headlines right from late 1980`s - all about ONLY EVASIONS (DUTY, TAX) and now about forged documents! He being politically strong, having money power, always escaped from any likely punishments. This time too he will escape, you see. And Indiabulls will eat the bulls shit!
You must be confident about your investment decision and forget about day to day movements in the scrip. Nothing has changed at IBSEC from the time it was at 60 last month, the only thing is that big operators want retail investors to panic and sell so that they can buy in huge volumes and shore up the price making huge profits by selling then. There is unconfirmed news that Fidelity would be cornering a huge chunk of IBSEC shares for the ongoing NFO of VALUE fund. This stock will be around 82 in 6-12 months time. Please note that it is not falling steeply and also the volumes are not high so there is no cause of alarm.
| NIFTY 
