Thursday, November 20, 2014

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Bambino Agro- Rs.95/- the stock has formed a all time high after nearly 20 years which is a positive sign. The closing above the all time high after long time is an indication that the bulls have been decimated after a very long time and the chances of moving substantially from current levels.All time high after long time always warrants a buy but with stop loss(to protect capital). The fundamentals have been stagnant for last few years for the the financials have been started to improve from last few quarters. its TTM EPS is nearly the double of that of last year indicating that the fundamentals have started to improve and that coinciding with all time high is an indication that the investors are expecting further improvement in financials in coming quarters or years. So fundamentally and technically it appears to be a good buy with stop loss at Rs.73/-

May All be peaceful and Happy.
M.Mahiidar
Enjoying Life
Trend is Friend.

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