Thursday, June 20, 2013

Glodyne Tech Ltd hit the buyer freeze in the opening trade at Rs.10.41 on the BSE. The book value of the scrip is whooping Rs.180.27 and its market cap is only Rs.47 Cr, which is nowhere as compared to the total income of the company in FY13 (Rs.1187.19 Cr). Can you believe that you are buying a scrip, whose FY13 income was Rs.1187.19 but the market cap is only Rs.47 Cr? The scrip was recommended a buy to the Paid Members only a couple of days back.
Central Bank Ltd whose chart turned bullish yesterday, as was mentioned in this blog, today gave a triangle break out pattern. The next target is Rs.71-72 if the current market condition prevails.
IVRCL Ltd whose chart was also showing some formation today moved to Rs.16.85 before settling at Rs.16.50. I have raised the target of the scrip to Rs.27.