Karutri Global Penny stock top penny stock top stocks in 2009

Quotes with Resistance & Support

Market Information

Karutri Global – 100% Profits

Posted on: May 7th, 2009 at 10:21 pm

Call given at 10, CMP 21.90. Book 50% profits at 21 and hold the rest for Long term.

Karuturi Global is the world’s largest producer of roses, cultivating 585 million stems per annual. Boasts over a decade of experience in rose cultivation with operations in Ethiopia, Kenya and India. Strategic foothold in Ethiopia and Kenya would enable the company to cater to burgeoning demand from Europe and augment its global market share.

Currently trading around 10rs.

This is one of the companies that has been posting good results in the past. Following are the results posted by the company YoY

Karuturi Global

BSE announcement as on 30 April 2009
Net profit of Karuturi Global rose 12.27% to Rs 3.11 crore in the quarter ended March 2009 as against Rs 2.77 crore during the previous quarter ended March 2008. Sales declined 11.41% to Rs 9.94 crore in the quarter ended March 2009 as against Rs 11.22 crore during the previous quarter ended March 2008.

This is one of the companies that has a potential to be a Multibagger in the long run.

Email this Post to your friends

Now get Penny Stock Alerts on your Mobile

Get Intraday, Pre-market and market hour calls instantly through SMS for as low as for 1500rs for 3 months

name

cell no.

24 Responses

{ ADD YOUR OWN }

Comment pages: 12 Show all

Raj Says:
May 11th, 2009
Posted at: 9:34 am
Hi CB, i have 2500 of karturi brought @ AVg 19rs, last month i brought 1000 @ 9rs till now it not moving up significantly..it reached 11 and came down to 10.. some roumors that it may come down to 5 or evven to 3rs.. pls advise
CB Says:
May 11th, 2009
Posted at: 9:36 am
Hi Raj, it is facing some resistance at 11..above this it can touch 14-15.. its a hold as of now.. don't see a reason for it to touch 3-4 levels.. it has been posting good results consistently
Vip Says:
May 26th, 2009
Posted at: 5:24 pm
Hi CB,
Should enter this stock at 13.5. According to you what should be the target for the same.
CB Says:
May 26th, 2009
Posted at: 8:16 pm
Hi Vip, its run up a lot from rs.8 to 13..wait for a dip in it.. some profit might come in any time. it has a tong term target of 20-25+
Raj Says:
May 28th, 2009
Posted at: 7:52 am
Hi CB, my average price in Karturi is 19.50.. seeing the last few days trade on this counter do you think it can pass that level.. or chances are there it may come down to 8-9 levels again. few months back it reached around 18 and came back to 8levels..
thinking to exit around 15 and enter again at 9-10 levels.. youe valubale suggestions pls.
CB Says:
May 28th, 2009
Posted at: 9:23 am
Hi Raj, hold it.. dont sell now.. if it falls back to 12-13 levels avg it.. very strong fundamentally and will do well in long term
Raj Says:
May 28th, 2009
Posted at: 11:10 am
thanks CB.. i will hold for long term.. and avg if i get a chance around 8-9
CB Says:
May 28th, 2009
Posted at: 11:10 am
Hi Raj, yep..