Monday, November 15, 2010

Lloyd Electric & Engineering - Promoters buying from open market

In the article titled "Cooling will make it hot soon" dated 24th Oct 2010 ( I explained how undervalued is Lloyd electric and Engineering. Don't know about other investors but promoters seems to have read the article and started buying shares from the open market. On 10th and 11th Nov the promoters Mrs Renu Punj and M/S Lloyd electric and Engineering Pvt. Ltd have acquired 1.41% (around 4,38,000 shares at the rate of Rs.90/-). The stock has already moved 12% since I recommended it at Rs.78/-. Promoters have been steadily increasing their stake since last 6 months. If that is any indication the stock seems to be moving much higher from current levels in next 6 to 12 months.

1 comment:

  1. The stock seems to be more attractive. Can it be accumulated more at these levels


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