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Thursday, January 7, 2010

Norben Tea & Exports Ltd:Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook

Scripscan:Norben Tea & Exports Ltd

Story:There would always be some listed penny stocks which would hog the limelight every often reason being active participations of some smart short term penny stock hunters.One such scrips which come to my mind is Norben Tea & Exports Ltd.A new generation tea producing company, Norben has established new tea plantations and a new factory in the traditional tea growing area of Berubari in Jalpaiguri District of West Bengal, to manufacture tea with an installed capacity of 12 Lakh Kgs. of made tea, per annum.After successfully launching its produce which is well accepted in the market in bulk and consumer packs for retail consumption, the company has entered into an arrangement with Arambagh Hatcheries for sale of Norben teas at Arambagh Food Mart outlets. The company has already sent its teas for sale under the Tea Post Service of India Post; Norben is now thinking to start up its own outlets.In Kolkata it has also applied for its own small stalls at prominent places inside the stations of Metro Railway, Kolkata.But these appreciable stuff hardly matters in a bull market,Forget fundamentals,forget promoters its a counter meant for people who can buy at 12 only to exit with a 25% profit at 15.Hell 25% returns under the present environment is enormous and am sure lot of guys would want to avail the moolah.It certainly posses lot of risks,scrip may well nosedive to cheaper levels but again one needs to take a chance.Risk averse investors forget about it but one with risk taking ability can certainly go for the penny stock.So buy Norben Tea & Exports Ltd at your risk for hefty returns in the short term.

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