Saturday, October 30, 2010

FSP SERIES 6 : INDIAN EXTRACTIONS 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
AFTEK LTD
And you are happy to knew that we book 55 % profit in DHANUS TECH and SHAKTI PRESS is now traded at 13.42 ( I recomanded at 10 ) so we are hold shakti press with 34.2 % profit for a price target of 14 after that ride it with cautious stop loss

And now we discuss about “INDIAN EXTRACTIONS LTD” A potential multi bagger of Indian stock market
INDIAN EXTRACTIONS LTDis an food products company with 10 rupee face value.
indian extractions ltd promoter holding is very strong 65.57 %.
rare penny stocks have this type of promoter holding.
Domestic mutual funds also hold 0.49 % in INDIAN EXTRACTIONS LTD
Book value of INDIAN EXTRACTIONS LTDis 52.31 so I think in this price of 9 this is really a value buy for us
But one negative thing that a big investor NILESHKUMAR BHAGVANDAS MADLANI sell his 32084 share of Indian extractions ltd at 29.10.10 by a bulk deal.
THIS IS NOT AN BUYING ADVICE, THIS ARTICLE CONTAIN MY VIEW ONLY
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