Thursday, June 28, 2012
ARSS Infrastructure Ltd: Forming an excellent chart pattern
ARSS Infrastructure Ltd (BSE Code: 533163) has formed has excellent pattern on the candle chart. The stock is today, moving up with good volumes---just in one hour of trade nearly half a million shares have been traded and of which around 40% is delivery based trade. The CMP of the scrip is Rs.46. The stock is trading near its 52-week low price of Rs.38 and hence I feel that there is limited downside in the scrip. According to www.bseindia.com, the 52-week high for the scrip is Rs.464.90. The market cap of the company is only Rs.68.43 Cr and the book value of the shares of the company is Rs.282.15. The face value of the scrip is Rs.10.
I have just spoken with the sources of ARSS Infrastructure Ltd.....I must say the news is too good.....I will disclose in the next week. Buy in Bulk and keep holding. It could be a multi-bagger.............