Sunday, September 13, 2009

Piccadily Agro Industries Ltd: avoid


Pl share with me your views on the below Stock 200 no.of Piccadily Agro Industries Ltd bought @ Rs.17.60 - Current mkt price Rs.15.50, 08 Sep 2009..Should I hold/Sell. If hold, can you predict the target and time period for holding.Thanks in advance.Regards, ASK BY RIYAZ JI
Piccadily Agro Industries Ltd promoter hold 67.28 percent stake with no pledged share is good sign.
Piccadily Agro Industries Ltd is a Food Processing Sugar sectors stock.
52 week low of Piccadily Agro Industries Ltd is 3.92 and high is 20.79 and currently traded at 13.80
Piccadily Agro Industries Ltd net profit in June 09quarter is 38.76 million seems a good results.
but sugar sectors is risky now and government may declare a ban on price hike on sugar at any time so wait for some time and average out your holding is below 10 Piccadily Agro Industries Ltd share is a good buy below 7 in view of long term multibagger.
In this situation you may hold some time to look a suitable exit for you I recommended sugar sector in Jan 2009 at yahoo answer site (and my follower make 5-6 time profit in these stocks) but currently I think this sector is risky now.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.
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