Sunday, October 28, 2012

MEGA CORPORATION LTD:HOLD

I am first time invested 25,000 in Mega Corporation Ltd.buy in 0.35 but now price is 0.33..please help me and suggest me;;; ask by sell LR (nickname)
1. Respected sir Mega Corporation Ltd  is 1 rupee face value IT company.
2. Year high of Mega Corporation Ltd is 0.64 and year low 0.29 so this ratio of year high/year low is more than 2 , as per my formula when this ratio is more than 2 than i think more downside will be remain in particular stock.
2. Stock have very low revenue of  0.32 Cr in June quarter.
3. Promoters holding 52.87 % is still strong.
4. You invested 25000 in single penny stock which is very wrong...please not to invested more than 2500 to 5000 in one time  buying in small quantity is always good in stock market there are more than 2500 listed companies in market so do not put all of your money in a single stock.
5. OK , due to strong promoters holding and no bulk deal in last 2 year and no big rally come in last some time i think you will be get a profitable exit so my view is HOLD.
6. i have no any stock of Mega Corporation Ltd.

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