
27th May 2011, 02:09 PM
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Junior Member
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Join Date: Apr 2011
Posts: 19
Rep Power: 2
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Update
Quote:
Originally Posted by jaimingajjar
I am of the view of Tulsian. It should stay between 150-175 range for now, unless nifty goes below 5415. If it does I think it won't be more than 5% below today's value. I have 149 and I would buy more if it goes to 155 again. I am optimistic for this one.
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As I said before Muthoot managed to trade between 155-175 range even markets were down by around 7% in month’s time. The company's FY11 net profit was up at Rs 494 crore versus Rs 227 crore. Its income from operations was up at Rs 2,298 crore versus Rs 1,077 crore. Stock is up around 10% today trading at 172.70; whoever holds the shares from IPO don’t exit now as this will rally further.
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