Saturday, October 23, 2010

FSP SERIES 5: AFTEK LTD

In FSP series I discuss one share every week which have power to become a multi beggar stocks if any one hold it with patience.
In FSP series I tell stocks below 20 rupee with good book value and other fundamentals.
In this series we discuss about
DHANUS TECHNOLOGY
SHAKTI PRESS
ENSA STEEL LTD
COUNTRY CLUB INDIA LTD
And now we discuss about “aftek ltd” A potential multi bagger of Indian stock market
AFTEK LTD is an IT SOFTWARE company with 2 rupee face value.
Aftek have 14.42 % promoter holding and FII holding 7.78 %, promoter holding is low but not very low like penny stocks.
Promoter holding and FII holding pattern show that one day this IT Company is an easy takeover target or promoter may buy back their share for increase their holding.
Domestic mutual funds also hold 1.61 % in aftek ltd
Book value of aftek ltd is 67.80 so I think in this price of 16 this is really a value buy for us
THIS IS NOT AN BUYING ADVICE, THIS ARTICLE CONTAIN MY VIEW ONLY
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