Thursday, April 2, 2009

D G Khan Cement (Recommended: Buy)

DGKC share has lately been talked about alot. Rumour has it that this stock will cross Rs 30 and may touch 35. One can not ascribe a time frame as to when the target level of 30 will be attained. My instinct suggests that latest by early June, if not earlier, we will see it cross 30 mark. The share has been trading in the region of 21 to 23 for last few days. I am personally waiting for a break through in this share soon with atleast a couple of upper locks. I want to see this share give me a return of 50% within the next 2 to 2.5 months. Not bad!
A similar category share Lucky Cement was trading at only 41 a week back and closed above 54 today. So, what do you say? DGKC is owned by a renowned group and I do not see any reason why it should under-perform. DGKC closed high today at 23.95.
RECOMMENDATION: BUY

1 comment:

  1. its great post. i really appreciate your work. keep blogging.

    ReplyDelete

 
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