SKM Update – Up 10X from recommendation

Recommended at Rs 12 and currently at Rs 120.

http://articles.economictimes.indiatimes.com/2014-11-10/news/55955983_1_market-cap-stocks-ilfs-transport

Is this a genuine up move or are operators taking the stock higher?

Nobody knows although quarter results are very encouraging. I still HOLD although the rationale for holding is becoming more uncomfortable given that operators maybe making a run on the stock.

 

14 thoughts on “SKM Update – Up 10X from recommendation

  1. I honestly feel it is a genuine upmove. People bet on future expectations and predictability, which turns out to be convincing. Indeed, we feel it can be the next Avanti (not to its magnitude though). Even Avanti was said the same , while it was hovering around 200 levels. Holding from 40 levels. Feeling elated 🙂

  2. Just for argument sake, even if operators have inflated the stock price, why should we worry when its fundamentals are extremely good. I would not care even if the stock price falls from now because there is very good potential for this stock to become a multibagger even from the Current Market Price.

  3. Hi Arun,
    I am sure you are the next Rajiv Khanna. You both seems to be from IIT madras. Just because people are urging you for next recommendations don’t post too many like others do. Please take your own time to pick the gem of the gem. Your stock picking skills are great. Keep it up man!. Happy to see you succeeding in your early age.

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