Tea sector is available at rock bottom price as winter is on the way.Any Investors can be a part of the business by accumulating tea shares.Note that this is not a trading Idea .It is a part of investing in penny stocks. As the consumption of tea is increasing regularly and the tea plantation is not expanding accordingly in future tea become a luxury item. considerable stocks are MCLEODRUSS,AVTNPL etc
hi sir, good morning..AVTNPL looks good as i just studied sales and eps growing good..plus a debt free company..what is your tgt on AVTNPL 1 year horizon.. its 5 yr high is 55 Rs..
MAYURSHAH444
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SO CAN WE BUY MC LEOD RUSSEL AT CURRENT 160 PRICE ?? AM A MEDIUM TO 1 YEAR INVESTOR..
VadivalPranchi
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@MAYURSHAH444,
Actually I recommended this stock as an alternative to mutual fund with time horizon of at least 3 years ,You can invest in the stock for a one year time frame around 140 as nifty is going to face a small correction from here.At 140 considering the 52 week low as stop loss( I just average at this level) a Rs.20 risk and 52 week high as target price 219 (I expect 250) a profit of 80 is expected.When investing in tea sector distribute your amount in Mcleod Russel India Limited and AVTNPL which is also a professionally managed company. Harrisson Malyalam plantation had some problems from state govt,(avoid it).Im still holding avtnpl brought at 27
MAYURSHAH444
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@ajayww2, Hmmm True as nifty can go down another 100-150 points from here But Maybe..Maybe Not, But If u see in Jan 17 Volume of Mc Loed Russel was humangous beatin last 1 yrs so maybe accumalation ?? I dont mind buying staggard but good qty so can reap good returns.. also it has broken out and ADX is showing 30 means Strong Trend ??
This is all on reading charts now though i am not a Pro..Just a gut feeling this stock if kept for a year can go 220+ till 260