Roopesh80

Omaxe - Turnaround potential

NSE:OMAXE   OMAXE LTD
Omaxe has been selling off for a while now and for good reason, fundamentally they are weak, although their revenue is increasing an a QoQ basis, their net profit has been in the negative for many quarters now....I have marked the levels and any good quarter result will make meinitiate longs....My target is all time high or at least back to the previous high where I would start offloading shares as I'm in profit....I will not be putting more than 10% of my capital in this stock, I will start off with 1% and will add as and when I can based on price action at these levels....Worst case scenario, they could wind up if they don't start turning profitable....But that is the risk in this game...Wait for a positive quarter result before initiating positions...all the best

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