Rungta Irrigation (530449) (51.20): A Irrigation & Irrigation Products making company.... Company had posted excellent results today.... Against only Rs. 2 Lacs net profit in Sept.'09 quarter...Company had posted Rs. 50 lacs net profit in Sept.'10 quarter. Almost 25 times more net profit...compared to last year's quarter....Against whole last year net profit of Rs. 65 lacs, Company had posted net profit of Rs. 69 lacs in just 6 months in current year & still 6 months net profit to add in this year's net profit... In our view if company sustain its performance & add net profits for coming 2 quarters as it had posted in sept'10 quarter, then also company is going to post Rs. 1.4 crore or Rs. 1.5 crore net profit on yearly basis.... that is exactly double from the last whole year's net profits........which is only Rs. 65 lacs....
This company is from irrigation sector & likely to be multibagger in coming days..This year Monsoon is very very good & all fertilizer shares & irrigation shares are on booommmmm……Buy Immediately before everybody runs after it.. Take buy/sell decision at your end... We suggest to buy it for long term only..Dont buy it for trading purpose……. In our personal view this company is going to be dark horse & multibagger in long run & in coming days…….. Remember our words , right now only we are initiating buy on this & telling u all to buy…. But in coming days….every 2nd analyst is going to recommend this stock……every 2nd channel is going to say this stock to buy…. & after that every 2nd person is running behind this script….. So before its too late….. Take decision at your end & Go ahead…….
Paras K.Ghelani (PG),
Research Analyst, Stock Market Consultant & Adviser,
090990 10827.
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