Stock Tip: Savita Chemicals
Savita Chemicals Ltd. The script gives pretty good trading opportunities if one waits for 1 to 2 months or so.
Even if one is not interested in trading then some fundamentals
Dividend of 115% ie 11.5 Rs per share (Face value Rs 10)
Current market value Rs 262
ie around 4.4/4.5 percent tax free returns in a couple of days
Record date 28th Aug 2008 (I would not suggest this option at the current price as the price fluctuation is pretty high and would easily give you 20% returns (by being able to purchase it cheaper) in a couple of days.
I’d suggest purchasing this around 220 (should be in a week or so) and selling it in 10 days post purchase (or when the spike occurs)
Caution the number of shares being traded is pretty low so make sure you are able to sell / buy it when you want.
Disclaimer: I am not responsible for the tip I suggest, you take it as a risk of your own.
Even if one is not interested in trading then some fundamentals
Dividend of 115% ie 11.5 Rs per share (Face value Rs 10)
Current market value Rs 262
ie around 4.4/4.5 percent tax free returns in a couple of days
Record date 28th Aug 2008 (I would not suggest this option at the current price as the price fluctuation is pretty high and would easily give you 20% returns (by being able to purchase it cheaper) in a couple of days.
I’d suggest purchasing this around 220 (should be in a week or so) and selling it in 10 days post purchase (or when the spike occurs)
Caution the number of shares being traded is pretty low so make sure you are able to sell / buy it when you want.
Disclaimer: I am not responsible for the tip I suggest, you take it as a risk of your own.
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