As you all know we post blogs on current market situations and views about different stocks or indices. In the same context we had posted a blog on 13th April 2021 about a PSU company, Indbank Merchant Banking Services Limited.
The share was then trading around Rs. 13.50 to Rs. 14. It was a pure technical view based on a Cup & Handle Pattern and we had come up with a target of Rs. 24 per share. We had discussed different aspects of the company in detail like what the company does, what are the strengths, weaknesses, etc. Our students after studying had purchased the shares at that time on their own and are now enjoying marvelous profits in the stock. The share is currently trading around ₹18 on today 10th June. In merely less than 2 months the stock has given whopping returns of 32% and that also without compromising the peace of mind of the investor. We are enclosing the screenshot of the holding for reference.
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Disclaimer: This article is intended to be used for information and education purposes only. It is very important to do your own analysis/study before making any investment decision based on your own personal circumstances. We are in no way related to the companies mentioned and discussed in any of our articles and we are not paid by any of these companies in any way.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, Commodity and Currency can be substantial.
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