Wait for a decline..the stock can go back to 180 levels and after that even 160 levels but its a space to watchout for ..long term shareholders can accumulate the stock on all declines for a target of 40% returns p.a. Merger with amtek auto could do wonders for the company and the stock
26-Dec-2007 Amtek India Warburg Pincus International Llc Ac Stoneridge Investment Ltd Buy 2900000 203.98 189.05
This is the block deal by warburg pincus who bought amtek india shares..no need to tell about warburg every one knows abt them..so just think where this stock can go to
stock which deserves a mention is Amtek India, he said. Warburg Pincus has bought another 29 lakh shares at Rs 203.98 per share. The stock has been in the radar of Warburg Pincus for the last few months. Earlier in October, they bought 4% in this company. After yesterday’s block deal, the company’s stake in Amtek India goes close to 9.5%. Incidentally, Bluecrest Fund sold 29 lakh shares at Rs 203.90 per share.
Warburg Pincus is known as an investor who buys stocks at lower levels, Shah said. These stocks in turn go on to become future multi-baggers.
Wait for a decline..the stock can go back to 180 levels and after that even 160 levels but its a space to watchout for ..long term shareholders can accumulate the stock on all declines for a target of 40% returns p.a. Merger with amtek auto could do wonders for the company and the stock
already given 10% from reco date..one can book out short term players @ 196 levels
26-Dec-2007 Amtek India Warburg Pincus International Llc Ac Stoneridge Investment Ltd Buy 2900000 203.98 189.05
This is the block deal by warburg pincus who bought amtek india shares..no need to tell about warburg every one knows abt them..so just think where this stock can go to
VIEW AFTER BLOCK DEAL IN AMTEK
stock which deserves a mention is Amtek India, he said. Warburg Pincus has bought another 29 lakh shares at Rs 203.98 per share. The stock has been in the radar of Warburg Pincus for the last few months. Earlier in October, they bought 4% in this company. After yesterday’s block deal, the company’s stake in Amtek India goes close to 9.5%. Incidentally, Bluecrest Fund sold 29 lakh shares at Rs 203.90 per share.
Warburg Pincus is known as an investor who buys stocks at lower levels, Shah said. These stocks in turn go on to become future multi-baggers.
accumulate this stock on all declines and wait for target of 200