kaya limited sarda ply bets by Porinju

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valuepicker
Posts: 144
Joined: Mon Jan 09, 2017 8:44 am

kaya limited sarda ply bets by Porinju

Post by valuepicker »

Porinju and equityinrelligence have 5% in kaya limited and Sarda ply. Both stocks have been sliding for a while. Is it a wrong call made by Porinju in these bets ? or this offers a good opportunity for retail investors to enter. Once porinju again buys for averaging it will hit circuit breaker for 3-4 session and won't allow retail investors to enter... Plz give your views..
Pee Vee
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Posts: 453
Joined: Mon Dec 26, 2016 10:45 pm

Re: kaya limited sarda ply bets by Porinju

Post by Pee Vee »

valuepicker wrote:Porinju and equityinrelligence have 5% in kaya limited and Sarda ply. Both stocks have been sliding for a while. Is it a wrong call made by Porinju in these bets ? or this offers a good opportunity for retail investors to enter. Once porinju again buys for averaging it will hit circuit breaker for 3-4 session and won't allow retail investors to enter... Plz give your views..
Sarda Plywood appears to be locked in circuit because of the BSE rules. It is in group SS which means that the stock cannot be freely traded. This itself may have made the stock unpopular. Kaya is already quoting at high valuations. The earnings have to come through for the stock price to move up.
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