Scripscan:Citurgia Biochemicals Ltd
cmp:290
Code:506373
Story:Citurgia Biochemicals Limited focuses on manufacturing calcium carbonate in India. It is renovating its manufacturing plant at Rishikesh, India. The company is based in Mumbai, India.In a bullmarket,you will come across several inventive variants of a sob story.Something just like "One my relatives made tons of money in the stock market. He had a friend who worked for a big operator. Every time he bought a stock,it doubled within a month.I was tempted to go along, and the next time he bought a stock,I bought it too. That stock doubled. Then I sold some jewellery,took an advance against my provident fund and put it all into the next stock he recommended. This time, the stock went down.I waited for a year hoping the price would recover.Finally after I'd lost 75 per cent of my capital,I sold.Oh,and my idiot relative too lost a packet!" It's easy to lose big money in a bull market.Prices are inflated, the financials of "hot picks" are often dubious,everybody has sure firekhabar.Above all, many bull market participants tend to be inexperienced and sometimes arrogant; and they tend to get drunk on success. When prices fall, most of them lack the discipline to admit they've made mistakes and exit with dignity.Citurgia Biochemicals Ltd has neither an inspiring business model nor the business prospects looks robust.Stagnant rather no financials and 0 revenues,lame management,lack of commitmnet towards minority shareholders,all goes against it.Anyways hers a tip by an operator,he forsees 500rs target for Citurgia Biochemicals Ltd. in the next 2-4 months.The company is quoting at around 290 rs now,so if he proves rite the jackpot is here for you folks.Else to be at the safer hand I have already mentioned the story above.So decide accordingly.
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