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Waterbase is one of the safe bets in the weak market.. it is supported by a good Q1 (top/ bottom line grwoth and diminishing finance cost)... it is in excellent trend and the market will try and find some favorites to park funds released from other non-performing stocks. Off course, keeping cash is also another very good option. Waterbase looks like a moderate BUY and a strong HOLD at CMP. Waterbase is my Cateogry A stock.. high stake, high conviction and long term.
 .. will cover everything in couple of weeks.  I THINK  IT WILL TOUCH  150/- VERY SHORT TERM

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