1. vineet

    vineet Active Member

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    HSBC bought 1.6 cr shares of jp power on 23 December. I guess bottom is already made. Pls share ur view till bugdet
     
  2. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    JP Power Rs. 1250 cr. market capitalization , 1.6 cr. shares is just Rs. 6.64 cr. worth

    it is not even 1 % of total shares , and more over company fundamentals are not changed , last 4 quarterly results
    loss , loss , loss ,loss .... Ha .. Hydro power projects loss ? because high debt ....
    dont Buy based on single fundamental change ..... please focus other parameters also
    just it is only my view ...dont think other wise brother ....

    ALL THE BEST
     
    mscratnesh likes this.
  3. mscratnesh

    mscratnesh New Member

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    Adding to Rama sir, the JP group is selling their good asset to reduce the debt. we must think that how can you make profit if you don't have their good assets with you.
     
    w4wealth likes this.
  4. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Yes Sir , Heavy debt is eating all good assets , there is no other way , business model also average , assets selling process is very slow due to Power industry is not a attractive now a days ....
     
  5. Sainath

    Sainath New Member

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    Somebody has also sold 1.6 cr shares please note.
     
  6. vineet

    vineet Active Member

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    Ys sure the seller is tired of holding n seems the loss would b more increasing. Buyer is more positive n the chart now shows clear trend.
     
  7. vineet

    vineet Active Member

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    Think contrarian also. Thxs never mind. I bought at 4and expecting 50%till budget. Just my view
     
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