For the 2013, my first MULTIBAGGER call would be VALUEMART INFO.
It is currently quoting at around Rs.3 and my expectation would be by the year end of 2013, it should be in double digits.
Why am I so bullish?
Read on.............
.......
Valuemart Info recently held its Annual General Meeting in Hotel
Woodlands, Bangalore.
The company failed to send Annual Report to the shareholders and yet,
nearly 60 shareholders attended the AGM.
The good thing to note was that the former Managing Director, the
dynamic Mr.C.K.Vasudevan also attended the AGM.
He was sitting with the shareholders.
Since he left the company, Valuemart's fortunes have been in downtrend
and the shareholders were very unhappy with his departure.
When pressed for the explanation, the plesant reply was "Mr.Vasudevan
is back as MD"!!
The hall was filled with thunderous applause and that showed how much
the Shareholders loved Mr.C.K.Vasudevan.
WHY TO BUY :
Valuemart Info under Mr.Vasudevan made super fast progress and with his exit plunged as fast. And now with him back at the helm, Valuemart Info should make the same super fast progress.
Valuemart is into Legal Process Outsouring mainly. Under Mr.Vasudevan the company had managed to break into new geographical locations, UAE, and again looking at newer markets.
The stock is quoting at Rs.3 and seems to be a safe bet especially considering that the promoters hiked their stake at double the price of Rs.6.
My bet would be that the stock should double in 1 year.
Virtually NIL downside risk.
Earlier too, I had given a buy call on this stock at around 1.6 and it went up to Rs.6
And, then again I had given a buy call at Rs.4.4 and it went up to Rs.21.
If you had missed these two buying opportunities, then be Third Time Lucky and accumulate NOW.
BEST OF LUCK,
Srikanth Shankar Matrubai
Tags :
multibagger, low, priced, Stock, penny