Tuesday, August 23, 2011

NB Ventures - Sell

Nava Bharat Ventures Ltd., which is into sugar, ferro alloys, power generating and lately ventured into mining, has also taken a beating with its shares closing the day's trade lower by Rs 17 to close at Rs 175.55 (previous close of Rs 192.55)

Time Span Price Change %Change
Today 175.55 -17.00 -8.82
Week 200.85 -8.30 -4.13
Month 219.55 -27.00 -12.29
Three Months 230.05 -37.50 -16.30
Six Months 256.00 -63.45 -24.78
One Year 363.85 -171.30 -47.07

Our recommendation :

With on going investigations by CBI the companys management will be under cloud and is likely to be a non performer in the short term. Long term investors can buy the scrip if it falls to 125 levels though.

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