MFL Revised Target 0.50 Ps

MFL India

BSE: 526622 | NSE: | ISIN: INE244C01020

The share tading currently at 25 paisa is likely to touch Rs 0.50 soon

In my earlier blog, a target of Rs 2 was given when the share was trading at 75 paisa. But the share nose dived from this level to 20 paisa. Now the operators are back and started lifting this share. My fair target now is 50 paisa.

MFL India Limited operates in the Air transportation, scheduled sector.

 Sales Analysis. MFL India Limited reported sales of 1.41 billion Indian Rupees (US$21.26 million) for the fiscal year ending March of 2016. This represents an increase of 11.3% versus 2015, when the company's sales were 1.27 billion Indian Rupees. Sales at MFL India Limited have increased during each of the previous five years (and since 2011, sales have increased a total of 87%). 

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