Query Trends : IKF Technologies

Query Trends : I am holding 8500 IKF Tech @ 8.62 paisa and purchased the same on hearing there future planning for Bio-diesel and all. Kindly suggest me whether the same is worth holding and what could be the target in next 3 months. Yogesh Sheth

Thebullishtrends : IKF Tech shares are trading at Rs.14. A.P based IKF Tech has incorporated
in the year of 2000 with the main objective of promoting IT, ITES, Telecom and Alternative Energy Resources across the Globe. is having own R&D setup with Indian Oil. It involves in IT, Telecom, ITES and Bio-fuel segments. The company entered into a bipartite contract agreement with Forest Development Corporation of Meghalaya.

There is no improvement in its financials, Rs.7.88 cr on Sales Turnover, registered net profit of Rs.0.63,but when it compared to last year the same quarter sales volume and net profit were fallen, though it is a speculative scrip. It is a choice of operators share. Hence you are advised to exit in a better movement.