A company, fundamentals of which are a cause of concern is being seen in the hands of operator. Post-preferential allotment to Gehlots, the stock is hitting circuits. There are talks that the stock would reach a price of Rs 70.
There are talks that the company would be launching four channels in Hindi and English. Also the Gehlots are well connected in the FII circles. This would make it possible for the company to place further equity at higher prices.
Today after a fortnight long history of upper circuits, the stock has seen lower circuit. At CMP of Rs 29, one should keep the stock on his radar, with a clear price at which he intends to enter this stock. Investors are advised to be careful with such stocks. However risk takers can consider exposure to this stock with a clear intention of making it a double or nothing.
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