Thursday, July 31, 2014
This stock recommended earlier @ Rs.12 declared its result today . More than the published result ,company decided to write off an amount of Rs.16 Cr on account of expired goods due to termination of its joint venture with Simplot . ( Read the details of Board decision HERE ) .Frankly speaking , quantum of this amount is beyond my expectation . Stock is currently trading around Rs 15.80 .Recommending to book Profit /Loss and considering this factor, a re-entry may consider only at a lower level .
Posted by VALUEPICK at 7:56 PM