Financial Results for June 30, 2013
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Details Related To CORVI
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Photoquip Magazine ad
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Result for this quarter is neither so impressive nor so disappointing.
Revenues stands at 22.58 Cr from 19.01 Cr YoY, which represents about 18% growth.
The company reported a net loss of 0.4 Cr vs a profit of 1.17 Cr YoY, which was expected.
My Views:
Nothing much left to say in this counter now. It makes no sense in investing in such scripts where average volumes per week is about 50. It is always advisable to enter such scripts once they start moving up with strong volumes. It may happen that you might get a chance to enter at 50 Rs then instead of 40 Rs today, but it should not matter, because we don't know when this script will start moving up. It might even take 2-3 years. In that case, its better advised to keep your money in bank, rather than investing in Photoquip.
Those who are already invested and believe in company's fundamental, can continue to hold for long term, but for new entrants, I would advise to invest, only when stock starts shooting up with good volumes.
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