Special small investors and new comers should grab the opportunity to accumulate the shares to maximize profits before announcement comes. This may come and moment.
Prices were brought to unrealistic level by some manipulators due to drop in profits in the first quarter for the reasons well known. For instance Tokyo X was brought down from Rs. 57 to 38.
We expect an increase of 50% in prices from current level of Rs. 45 and 52 for non-voting and voting within a short period after the announcement.
Medium term it is possible for both share to rise above Rs. 120 and 130 with the commissioning of new plant capacity increase from 2.8 M in to 3.8 M tons (35% increase) and more favoural conditions.
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