Emkay Global Financial Services is leading financial broking institution in India.Due to the global slow down in 2008-13 the prices corrected from a life time high of 418 in January 2008 to 11 in 2013 June.Last year the company faced some unexpected loss. But recovered smartly. Considering the change in the economic system and prospect of growth in the sector .The stock has a good potential. Promoter holds 73% of the stock.(none of it is pledged)moreover technically the stock in weekly charts has formed a rounding bottom formation and has given a break out,which is a sign of bullishness in the counter. Considering the factors one can accumulate the stock at cmp 37 and on dips up to 32 .In the worst case stock can slid to 26 range. However the potential on the upside is huge.Buy at cmp for a target of 70 + in the next 10 to 12 months.
Wednesday, 9 July 2014
Emkay Global Financial Services a mulibagger (Cmp 37)
Emkay Global Financial Services is leading financial broking institution in India.Due to the global slow down in 2008-13 the prices corrected from a life time high of 418 in January 2008 to 11 in 2013 June.Last year the company faced some unexpected loss. But recovered smartly. Considering the change in the economic system and prospect of growth in the sector .The stock has a good potential. Promoter holds 73% of the stock.(none of it is pledged)moreover technically the stock in weekly charts has formed a rounding bottom formation and has given a break out,which is a sign of bullishness in the counter. Considering the factors one can accumulate the stock at cmp 37 and on dips up to 32 .In the worst case stock can slid to 26 range. However the potential on the upside is huge.Buy at cmp for a target of 70 + in the next 10 to 12 months.
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