Stock Update: Balaji Telefilms

The price is now Rs. 161 and the company gave a dividend of Rs. 3.5 per share, bringing your net return at Rs. 164.5 per share. The current return is around 40% in 8 months.

The stock looks good, and earnings data should be out very soon. They haven't revealed dates yet, but I'll keep you posted. Meanwhile, I would recommend that at 50% gains (depending on when you bought the share, it went down to Rs. 110 in the middle) please book profits on 1/4th your holding.

But do your research - the stock's moving up fast, and it may be better to go with the momentum. That's your call.

Note: I've just started to sell, will sell upto 1/4th my holding by price of 175.

Related posts:

1. Stock updates: GMR, RIL, SBI and Balaji GMR Infrastructure - Post IPO story I had suggested avoiding...
2. Stock Update: BHEL On April 3, I recommended that you buy BHEL on...
3. An update on the "stock bubble" It seems I have something wrong in my criticism of...
4. Stock Idea: BHEL BHEL just announced its results for 2006-07. Highlights: Revenue: 18,702...
5. Indian stock markets: A bubble, or time to buy? Mark Mahorney writes about the BSE bubble. His feeling is:...

This entry was posted on Tuesday, April 17th, 2007 at 7:53 AM and is filed under Stocks. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.