Sarda Plywood - on Lower Circuit, WHY??

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

  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..
     
  7. Aditya942000

    Aditya942000 New Member

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    Any update on this counter??
     
  8. Manmohan Gupta

    Manmohan Gupta Member

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    Today it is showing same price as yesterday's..
    I wonder what is happening.
     
  9. Aditya942000

    Aditya942000 New Member

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  10. Manmohan Gupta

    Manmohan Gupta Member

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    What is the reason for such sudden down turn? Why such heavy selling pressure?? Any announcement? Bad result? Big investor exit? What's the reason can anyone say pls
     
  11. Aditya942000

    Aditya942000 New Member

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    The most probable reason behind the crash can be selling by Ponrinju veliyath whenever stock price increases 2x or 3x of his buying price he has a habit of booking it.
    And retail investors like us are stuck in his trap.
    U may verify this from his earlier stock picks like alpa labs , gokaldas exports, cosyn... n Many more
     
    kharb likes this.