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Saturday, November 7, 2009

Zenu Infotech Ltd:Buy/hold/sell,latest news/results/analysis

Scripscan:Zenu Infotech Ltd

Story:Zenu Infotech Limited provides solutions for service provider customers. It offers WBT products that enable the delivery of revenue-generating services directly. Zenu Infotech serves local, regional, and long distance service providers. The company, formerly known as Priti Resorts & Holdings Limited (PRHL), was founded in 1992 and is based in Mumbai, India.So honestly it has no meaningful business worth talking about.In the quarters ending march 2009, june 2009 and September 2009, the company posted sales of around Rs7-11 lakh each and an net profit of Rs4 lakh, Rs2 lakh and Rs1 lakh, respectively.But BSE-listed companies like these are ripe for manipulaion. The stock has zoomed a humungous 500% in the last three months. Neither the regulator nor the BSE appear concerned.Simple gullible retail investors would get lured by the rise and inevitably with every manipulated upper circuits the greed would inch up only to see the nosediving of the counter to its deserved level after a while.Folks rather than blaming stock markets blame yourself for your losses.

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