STOCK WATCH

• HOLDING PERIOD – ONE MONTH plus

• SEAMEC

• Present Price - Rs.196.35 :

We had recommended this stock around levels of Rs.165 for long term investment. The company came out with another set of good quarterly numbers ending June09 where it reported net profit of Rs.59.89 cr on a sales of Rs.100.38 cr. The company has now reported net profits of around Rs.60 cr for three consecutive quarters which clearly speaks of its robust business model. On the technical front, the stock is now poised to reach a level of Rs.265-275 in the next one to three months. Long term investors with a holding period of one year plus can expect even higher targets. Buy at current levels and at all declines.