" If you have 10 cent, old and torn stamp and if they're only 100 in the world then they are very expensive and goes for Rs.1000.
But if you have shiny new 100/- rupee stamp but if there are 10000 in the world then they are cheap and worthless. "
And with today's sudden interest on such stamps, I went through some & I think I found one more such stamp , with the current trend in the market I think CARE has got high potential to run high in the coming days.
* Their financials are extraordinary
*For the quarter ended Dec 31st
-Net profits up by 121 %
*For the 9 months ended Dec 31st
-Net profits up by 210 %
*This gives us annualized EPS 12.37 & P/E 9.98 which is well below it's sector(manufacturing) P/E of 25.70
*In current conditions it should be trading @ 12.37*25.70 = 318 LKR
*Therefore I think it's trading @ a highly discounted price of 123.50
*Have a look @ it's order book, if some players puts his hands on this it can rise up to 155 LKR in 2 seconds with just putting Rs.342,000 on it. That's how all these other illiquid shares have been skyrocketing. With very few shares been traded, anyone can push up the share with a mouseclick @ considerably low cost.
*Do your own study, keep this in your watchlist, it might be the NEXT !!