I’m buying 1 crore shares of this company. My analysis.

I’m buying 1 crore shares of this company. My analysis.


[My portfolio holding. I’m buying it everyday.](https://preview.redd.it/olk2s1hhcjxb1.png?width=1407&format=png&auto=webp&s=78ad8cba547eba9f62a72092cb0d7b7390cd3be2)

Saicom is the safest stock to invest in the market at this time. It can go up as much as 10 times from here hence I’ve decided to buy at least 1 crore shares of this company as long as it is trading below 0.50 INR, if it were to go above that price, I would stop buying and hold it for at least 1 year.

My reasoning behind the purchase. Its market cap is mere 10 crore and only 27 percent of which is in the hand of retailers, it means less 2.7 crore worth of shares are currently floating in market.

If this stock were to fall more from this level, I may end up buying the entire free float myself, the reduction of free float shares from market to such an extent would shoot up its price automatically.

[shareholding pattern of saicom](https://preview.redd.it/vmhzyu9eejxb1.png?width=1037&format=png&auto=webp&s=e36083002590d33d857de5b113e1ab9ada04b4f8)

strong fundamentals.

It is a debt free company whose assets are more than its entire market cap.


View on r/IndianStreetBets by asjoshi199

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