Wednesday, November 7, 2012


TBZ shares are on upswing in the last couple of weeks after the company announced its major expansion plans. The came public in the month of May this year at a price of Rs 120 a share. Shares were listed at discount and in the initial months it was hovering around Rs 100. From Aug  onwards the stock is on the upward move and has given more than 90% return on its IPO price. The stock closed at Rs 227 in the exchanges yesterday. We expect the company to report 25% growth in revenue and as well as in net profits for the quarter ended Sept 2012.

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