Avoid –SKSMICROFIN Cmp Rs.1135
This newly listed stock which has traded just 44trading days has been in news in last few weeks for all negative reason. Many investor and traders have brought into the stock as George Soros Quantum (M) fund, invested about Rs 26 crore to pick up a small stake. But some time brilliant investor too can make mistake and my personnel experience says collecting money from borrowers is never easy and now with many state government imposing strict laws on collection and with legal process in India being weak. Small or Micro financing can be a big failure so I would advised caution in this stock as this is the first company to list so. Investor can wait for few more quarters to know how the company can perform before investing their hard earned money.
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