Home

cals refineries, will it hit .90 ?

Anonymous's picture
Submitted by Anonymous on July 21, 2009 - 07:50

i have 220000 shares of calsref at 0.76. is there any chance to hit the price 0.90 in recent days. is it good for long term investment ?


»
Submitted by rakeshseth on July 21, 2009 - 08:06. #

Market is in upswing , volume on this stock is also on rise. .90 is not too far. It will definitely cross .90. Trendline supports this.

But there is hardly anything material on this company.

They even don't have land for setting up refinery. Just the agreement with WB govt. Based on number of pr reports , it looks like management is more interested in pumping up the price of the stock then actually doing business.

There is hardly anything to look at financially. They will need 4500 Cr to seup refinery , no idea where money will come from ? But again these stocks can be multibagger and very speculative.

 

Recent Comments and talks

What is AskDalal ?

AskDalal is a investment blogging portal dedicated to Indian investment community , where every blog answers a question.It may be stocks, bonds,commodity, real estate or anything else.Post your blog title  or a question, community will do research and answer the question to give you your own research report.It is 100%free , no registration is required to browse and ask questions.It's great for writers looking for article topic,and cool for investor looking for answers.

>>> faq

Top Contributors

UserPoints
suniljain10,440
admin2,990
rahul das2,460
anilmehta1,710
dipak1,540
rakeshseth1,500
himesh1,350
stockguru1,110
shah1,060
bharat_vora1,040
more

Become Askdalal Research Analyst

Are you an MBA (finance) students, economics students, or journalist with broad interest in stocks, investing and finance. Do you want to polish your skills before getting into job market ? Come join askdalal as Research Analyst.Email your resume to tripti.shah@askdalal.com.

If your resume is impressive you will get chance to show your talent,polish your skills and earn money along the way. At the convenience of sitting at your home computer. See rules for askdalal investment analyst.

Latest Dalal

  • rosenjack13
  • bangalore.scrap
  • bipin1987310
  • mohammed ilyas
  • mehta.a10