Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Zen Technologies:-The scrip to watch out for in the year 2008

52 sec read

 

"Part of weekly report to the members"

Buzz on the bourses:-

Scrip:Zen Technologies
Bse code:590032
Cmp:139
Target:210
Duration:4-6 months
Returns expected:50%

Story:-Finally "Zen tech" is into the radar of several investors again.More importantly India"s most renowned investor Rakesh jhunjhunwala has approached the company and is taking 450000 shares at a price of 125rs through issue of warrants.These is indeed a great news for the shareholders of zen tech and one can expect the company to give significant upsides in the coming quarters.It should be important to note that Mr jhunjhunwala apparently approached the company couple of years ago and was in advanced stage to have the stake in the company at a price of over 300rs.But that never materialized because of the bad blood between the promoters and Mr Jhunjhunwala.Infact after the news the price of zen tech crashed severely to below 100 levels from 300 odd rs.Its of no intelligence what happened then and for the power of money and supremacy who did what….hehehe…Thankfully things have change for good and now both the promoters and the raring bull are in good terms.Valuation wise too, Zen tech is quoting cheap at 7 P.E of its expected 08 eps of 20rs.One can buy the counter for a target of over 200rs in a horizion of 4-6 months.

Regards,
ARUN
I can be reached at: arunanalyst@rediffmail.com

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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