On November 16, we have recommended to invest in Pioneer Embroideries Ltd when it was Rs. 22/-. Presently the stock is trading at Rs. 19/-. We feel the stock will be a potential Multi -bagger in the medium term because the promoters of the company infused about Rs. 10 crore in to the company by way of preferential shares issue, it settled/restructured most of its dues with banks and Financial Institutions. The company is in final stage of settlement with other Banks to settle the balance dues. Once again we like to suggest to invest in this stock those who having some patience.
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