Sunday, July 24, 2011

JAIN IRRIGATION SYSTEMS LTD: WAIT FOR 50

Hi Mahesh Ji plz suggest me about Jain Irrigation.Ur valuable suggestions are helpful for small investor like us..ask by shri rohit bist
1.JAIN IRRIGATION SYSTEMS LTD is a plastic product company which makes plastic pipe for drip irrigation systems.
2. JAIN IRRIGATION SYSTEMS LTD is a 2 rupee face value share and belonging to BSE group A and BSE 200
3. 52 week high of JAIN IRRIGATION SYSTEMS LTD is 264.57 and 52 week low 128.70
4. promoters holding in JAIN IRRIGATION SYSTEMS LTD is 30.36% and FII holding 55.17 % this is a good holding pattern because in this condition only few of stocks available for general public and my formula is " i like stocks where  general public holding is lower" because good promoters and FII holding show that stocks is growth oriented.
5. one negative point that book value of JAIN IRRIGATION SYSTEMS LTD is 42.43 only so stock traded near about 4 times of his book value and if any big fall come in market than stock easily touch 40-50 so if you take holding in this stocks and see fall below 128 (year low ) than book loss quickly and buying again near 40-50.
6. if you are unable to trade like this than i think do not take position in this stock and wait for 50
7. JAIN IRRIGATION SYSTEMS LTD is spilt from 10 rupee face value to 2 rupee face value in Nov 2010 and generally within 1 year of bonus issue and stock spilt stock movement is very dull.
8. i have no any stock of JAIN IRRIGATION SYSTEMS LTD.

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