Northgate Technologies : Northgate Technologies ltd
Northgate Technologies
BUY @RS. 37-39 TARGET ABOVE RS. 50 IN WEEK ,
LONG TERM TARGET RS. RS. 70 , A STRONG RESISTANCE AT RS. 75 IF BRAKS THAN IT WILL SHOOT UP TO RS. 135
BSE: 590057 | NSE: NORTHGATE
Market Cap 129.57 EPS (TTM) 3.59 P/E 10.31 P/C 8.94
Book Value 113.62 Price/Book 0.33 Div(%) 20.00 Div Yield(%) 5.41
Market Lot 1.00 Face Value 10.00 Industry P/E 8.56
STRONG REASONS TO BUY THIS STOCK
Book Value is 4 times greater than it’s current market price.
Near about it’s life time low. Down 95 % from it’s lifetime High, Down 91 % from year high.
Last quarter in loss but will covered by cost cutting & reserve accounts.
FII’s have keen interest to buy this stock at this level because they want to lower their purchase average price of this stock. Like Deutsche Securities Mauritius Ltd purchased increase their holding in last year @ 288 , Click here to see report. http://www.northgatetech.com/newsroom/reuters-aug25-08.html
Currently 44 % of total shares hold by FII’s & may become to 50 % in this quarter . Big players stuck at very high level.like Merrill Lynch, reliance, Citi, Swiss.
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