Sarda Plywood - on Lower Circuit, WHY??

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Monty, Jul 17, 2017 at 9:45 AM.

  1. Monty

    Monty New Member

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    Hi

    I have a small position in Sarda Plywood - honestly, took it after Porinju reco. But its been on lower circuit since last 2-3 sessions? Any clue WHY?

    Should i hold it (guess no choice as there are no buyers!)

    Thx
     
  2. Manmohan Gupta

    Manmohan Gupta Member

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    I also hold Sarda Ply.
    I also bought it on hearing porinju on TV that it can be a 1000-2000 crore market cap company.
    No idea why the stock is hitting lower circuits everyday. Something's fishy..
     
  3. Manmohan Gupta

    Manmohan Gupta Member

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    Another lower circuit today.
    Looks like "Game Over" :(
     
  4. Aditya942000

    Aditya942000 New Member

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    Porinju might be offloading his stake
    Cz there's no other reason for stock to be down 25%.
     
  5. Manmohan Gupta

    Manmohan Gupta Member

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    Might be. You are right. There is no other reason why stock should fall drastically like this. :(
     
  6. Aditya942000

    Aditya942000 New Member

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    Same pattern can be seen in alpa labs , sunil hitech, cosyn ....
    After his purchase stock goes 2x 3x then after reaching its peak, starts falling....cz he starts offloading it..