When I recomended Sunil Hitech there were many questions asked about the credibility of the management.
I recomended at Rs 174 and it has gone down but at this price it is looking excellent for LT.
The Mar qr results are out and has come out excellent as Co has posted profit instead of loss in last year same time.
Last year in Mar the loss was of 4 cr and this year it has turnaround exponentially and made a profit of 14 cr ending the year with 27 eps against 19 last year.
The Sales and Mcap ratio is still in favour of the Mcap and hence there is a very decent scope of getting excellent retrun from hereon.
I know when I recomends some stocks no one is ready to believe it.Prima facie ,the stock may not look attractive when I recomend it here but ultimately it comes out good.
While talking on Sujana Towers, after it splitted to 1 paidup it was around rs 25 and recently made a high of 46 which on 5 paidup, the original value comes to 230 which is the recent high we saw.
That says that Sujana Towers is at the same price it made recently.
For example if someone bought 1000 shares at say 35 for Rs 35,000 then after splitting it becomes 5000 shares as it gets split in 1 paidup and at todays cmp of 35 , it fetches rs 1,75,000......
and that is 5 times return from my call.....or even more...as I forget exactly what price I gave the call.......
One more update I would like to make and that is I have to postpone my trip to India which I will make probably now around Diwali.....this year.....