Call Update: ESL

ESL was a fundamental call after evaluating the company's potential. At P/BV of 1.1, the stock is still quite cheap. Absence of historical data was also true for MIDFIELD INDUSTRIES and SKS MICROFINANCE, the only other 2 scripts I recommended to be picked up on listing date. The result is known to all. 

On Mon, Oct 11, 2010 at 10:01 AM, _________ wrote:

Hi,

 

This scrip has just got listed so does not have any trading history so that you can predict its movement on chart nor it is fundamentaly

so sound. So was just thinking how then you can arrive at short term target of 15???

Are you expecting price uptake in all steel stock???