century ply

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by crt4raj, Oct 6, 2015.

  1. crt4raj

    crt4raj New Member

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    What does this stock like?
     
  2. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Century Ply is a good company

    But last year prom sell his 1 % stake , and some of the prom stake is in pledge

    for long term investors may try Below Rs. 120 is good price with maintain stop loss Rs. 110

    Below 110 is long term bearish

    For medium term investors If stock cross Rs. 175 it may go to Rs. 200

    short term range is Rs. 130 to 210

    ALL THE BEST
     
    shijith likes this.
  3. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Sir why you are posting in announcing section? Pl post in query section. Many investors don't visit this section.
     
  4. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    yes, you are correct Srouta ji ,

    i think "crt4raj " is new to this forum ....
     
  5. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    I hope admin will shift to proper section. Century Ply is very good stock with consistent growth. Very strong brand image and distribution network. But valuation is high.
     
  6. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Yes , Very strong brand image ...but high valuations ...In crash definitely good buy
     
  7. rameshkare

    rameshkare New Member

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    But it already crashed from 230 to 140. So you mean to say still high valuation .
     
  8. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Dear rameshkare
    Now PE Ratio is around 23 and market is also in high above 8100
    in Market correction 8 - 10 % at that level comfortable for moderate Risk Investors
    Moderate Risk investors may enter at below Rs. 150
    High risk Investors start buying in this price slowly .....
    But low risk Investors comfortable price is Rs . 120 and maintain stop loss Rs. 110

    Below 110 is long term bearish
     
    Last edited: Oct 7, 2015
  9. Sachin pathak

    Sachin pathak Active Member

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    Isnt the sector expected to gain from GST rollout?
     
  10. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    100% Because there is no charm in going to unorganized unbranded product if tax rate is same. People will buy greenply or century ply instead of unbranded.
     
  11. uppu.narayan

    uppu.narayan New Member

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    Hi,

    I am overweight on this stock they are competing with the likes of greenply if this stock can trade at Rs1000 why not this and wood segment is very niche segment price of wood always appreciate and recent fall was due to global sell off Please don't link this to the performance of this stock :) you will find many stock falled to this level even dishman was trading at 140 when the sensex was falling during global selloff and you know where it is now just gvng an example.

    I was just disagreeing with the others :)

    Regards,
    Narayan
     
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