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Dear Readers,
MPS is glad to announce today the "Value Pick" recommendation for the month of May'10.
A detailed mail on the same shall be sent to the "Penny stock package" subscribers tonight while the report will be shared Post Market May 12, 2010.
Value Picks are medium term stock reco where one needs to hold these stocks for 6-12 months for 60-100% return. Downside in these stocks will be minimal. After a series of successful "Value Pick" recommendations with Parekh Aluminex and Venky's India recording 3 bagger returns, it's time for another recommendation from MPS.
Brief Description of the company
- The company is into a high potential E-Governance and IT solutions sector.
- The company saw a change in management in 2008 and since then the company has been recording QOQ growth.
- On the basis of Consolidated results for Dec'09, the company is currently available at a PE multiple of approximately 4.5, while the Mar'10 and FY 2010-11 results are expected to be even better considering the order book size.
- The management recently converted 20 lakh warrants allotted in 2008, indicating the confidence in the bright prospects of the company
Expect at least 60-100% return in next 12 months time frame!!!
Happy Investing!!!
MPS - Penny stock package