After a long time ,got many queries from readers about Concurrent which is currently trading at its yearly low @ just Rs.4/-.Many of them are asking - is it a buy even at current level ?.But it is not a buy for me even at current level and there is no change in my opinion on this company from my earlier stand .Old postings can be accessed HERE and HERE.
i have had a good experience from mukherjee blog he is good with his recommendations but y he overstressed on concurrent was a question true u r concurrent is sell at every levels
ReplyDeletedear value pick,
ReplyDeletecan you give me your comment on persistent systems. I purchased at 440/- per share. invested about 30000. SYAMALI
Dear Friend
ReplyDeletePersistent is a good company from IT space, but as you are aware there may be chances of some softening in demand and margin pressure due to the problems in western world. There is chances of further correction in IT stocks and Persistent may not be an exception .
basically arun mukherjee is trying to take advantage of concurrent india success, which somehow has been delayed or may be never happen. This is an old time strategy of brokers to gain in confidence of investors.
ReplyDeleteThanks for your great help on concurrent. I exited @33 long back on your recommendation. That paid a lot for me.. And after that i learned lot of lessons in the stock market. You are truly great man and real sense to help retail guys.
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