Hinduja Global Solutions was up again up to 18-20%, touching Rs. 450/- and closed at Rs.441/-. The stock has given a return of over 75% in just three months in an extremely volatile markets and when most of the stocks are ruling almost at the bottom.
What we want to emphasize is that when ever a good business is acquired at a substantial discount to market price it will always give excellent returns.
The key word here is the"substantial discount to the ruling market price or wait for the right price before you buy a good business."
Many equity analysts have started recommending this stock now at a price of Rs.450/- and projecting a price of Rs. 600/-. My guess is that the stock will take a breather for a while before it moves further and the market will wait for the quarterly results now.
What we want to emphasize is that when ever a good business is acquired at a substantial discount to market price it will always give excellent returns.
The key word here is the"substantial discount to the ruling market price or wait for the right price before you buy a good business."
Many equity analysts have started recommending this stock now at a price of Rs.450/- and projecting a price of Rs. 600/-. My guess is that the stock will take a breather for a while before it moves further and the market will wait for the quarterly results now.
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