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kaya limited sarda ply bets by Porinju
Posted: Sat Jul 29, 2017 7:53 am
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..
Re: kaya limited sarda ply bets by Porinju
Posted: Sat Jul 29, 2017 11:23 am
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.