BUY (cmp Rs 14) BSE Code: 511473
Promoted by Indian Bank, it a purerly a brokerage house and financial advisor.
It is a Dividend paying company (paid 7.5% divided in 2008-9), it has share holding in many listed companies.
This company can be compared with PEER company like India Bull,Geojit,Motilal Oswal etc. All this company has recovered from their low as the business prospect are looking very good from last 2 quarter.
This stock is very cheap and available at Rs 14. We expect a very strong movement in this stock and likely to double very shortly.
Recently it started on line trading service while DP service is already provided for last 10 years.
When its peer company demand a high PE of 30-40 then this stock cannot remain so low.
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