SUBEX LTD.
Recommendation: Strong Buy
View : MID TERM
Strategy : TURN AROUND STORY. NOT FOR LONG TERM
CMP : bse cash 9.50
Commentary:
This stock was enjoying 700 level highs in the bubble top of 2008, then the markets crashed so do the company profits. Since it is trading at around 20-40 levels before finding bottom at 10 Rs. levels.
The company has huge equity to start with as its problems. The company is into IT support services. This segment is not outdated and a lot of scope and a growing segment is not to doubt. The company narrowed its losses to 10 cr from 130 cr in previous year. Recently Anil Singhvi, a very reputed activist investor of Ican Investment Advisors was appointed as non-executive chairman of the firm which is a very very big positive.
This is a classic penny stock and turnaround counter for the class of investors.
We believe 5-10 multiple type of retuns in next 1-3 years with limited downside.
The company has huge equity to start with as its problems. The company is into IT support services. This segment is not outdated and a lot of scope and a growing segment is not to doubt. The company narrowed its losses to 10 cr from 130 cr in previous year. Recently Anil Singhvi, a very reputed activist investor of Ican Investment Advisors was appointed as non-executive chairman of the firm which is a very very big positive.
This is a classic penny stock and turnaround counter for the class of investors.
We believe 5-10 multiple type of retuns in next 1-3 years with limited downside.
Disclaimer:
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