Tuesday, September 10, 2013

Kgn Industries Ltd: Cool down after a speculation rally.

I need to know your views on KGN industries. ask by shridar Chimpa ji. 
1. Kgn Industries Ltd is a 1 rupee face value exploration company. 
2. Year high of Kgn Industries Ltd is 20.65 and year low 1.80 stock traded at 3.50 , very poor situation . Kgn Industries Ltd already down more then 70 %. 
3.Promoters of Kgn Industries Ltd hold 53.91 % and FII hold 5.63 %, Promoters holding is good. 
4. Kgn Industries Ltd declare 0.01 rupee per share dividend and record date for dividend is 22 Sept 2013. 
5.In Oct 2012 heavy bulk deals shown at price of 17-18. 
6. Overall these heavy bulk deals and stock year high /low ratio indicate us that Kgn Industries Ltd cool down after a recent speculation base rally so i suggested that you may avoid this stock for coming one year. 
7. I have no any stock of Kgn Industries Ltd,
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