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IV picks are the stock reco for medium term, around 6-12 months holding with reasonable risk free return of 60-100%, downside in these stocks will be minimal.
Brief Description of the company
- The IV pick for the month of May 2010 is from Garment retailing sector and has a strong network across India.
- The stock is currently severely undervalued at less than 8 times the FY 10 earnings compared to other retail stories which trade at more than 15 or even 20 times the FY 10 earnings.
- The company is on a strong growth phase and has expansion plans for the next several years to come.
- There are several triggers for the stock in the next 1 year period that can result in more than 80% appreciation in the stock price from the current levels.
Expect at least 60-100% return in next 12 months time frame!!!
Happy Investing!!!
Team HBJ Capital