Porinju Veliyath buys over 2 lakh shares in this smallcap firm; should you buy too?

Here we track the latest buys and sales and portfolios of famous investors
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niveza
Posts: 132
Joined: Wed Feb 22, 2017 3:48 pm

Porinju Veliyath buys over 2 lakh shares in this smallcap firm; should you buy too?

Post by niveza »

Smallcaps czar Porinju Veliyath-led Equity Intelligence India bought 2,12,000 shares of CimmcoBSE -4.96 % on March 23 at Rs 69.95 a share. Reacting on the deal, shares of the company hit the upper circuit of 20 per cent on Friday.

On a year-to-date basis, the stock is up 31 per cent till March 24, whereas the BSE Sensex has advanced 10.63 per cent in the same period.
shakes12
Posts: 4
Joined: Wed Mar 22, 2017 9:30 pm

Re: Porinju Veliyath buys over 2 lakh shares in this smallcap firm; should you buy too?

Post by shakes12 »

i feel he made his buck 1 cr in 3 days ...... no we should nt buy ....
finally only market knows the true value
valuepicker
Posts: 144
Joined: Mon Jan 09, 2017 8:44 am

Re: Porinju Veliyath buys over 2 lakh shares in this smallcap firm; should you buy too?

Post by valuepicker »

It's hitting lower circuit for the past few sessions.. If it comes back to the price porinju bought it, it could be good investment
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