Mcleod Russel is the largest tea plantation company in the world. Pests have damaged a lot of crops this year and due to that the tea prices are going to zoom. If tea prices will zoom, so will the profits of this largest tea plantation company. Good results will drive the stock price to new highs in near future.

Mcleod Russel has underperformed lately against it’s peers like Jayshree Tea, so this is a perfect time to buy Mcleod Russel when it is available at an undervalued price. The stock has the potential to cross its all time high of 311 and you will see such kind of prices in the peak winter time which is January. Tea’s demand is most during the winter and so the stock will also be at it’s highs during that time.

Mcleod Russel has got a huge support around 220-230, every time it dips to those levels, a strong buying is seen which drags stock to 230+. For the last 2 days the stock is showing a strong support and today the stock is above 240 as well. Buy stock now at these levels before it is too late. You will get returns of more than 25% in less than 4 months.

Buy Mcleod Russel stock with targets of 300 – 350 by January 2011.

Related posts:

1. Purchase Tea Stocks
2. Why Should You Purchase Tea Stocks?