powerfulpicks call opinion: I track AQUA LOGISTICS for quite some time now, although I never felt a compelling reason to recommend a buy. This is an international logisitcs company, hungry for growth and savvy with acquisitions (had acquired 3 companies in Hong Kong during April-May 2010) like EMAMI. It also has presence in the middle east, apart from India of course. This script has strength from its ever growing business and logistics is an attractive domain.
The stock is splitting (10:1) with a record date of Oct 4th, so this is the right time to buy and hold for long term. Buy at 650 for a short term target of 735 and a long term target of 780 (divide targets by 10 after the split happens). Script may consolidate a bit after the split, but move faster after that because of increase in free float..like what happened to ITC.
Disclosure: I hold AQUA in my long term portfolio at an average price of 382.
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