porinju buys sangam advisors limited. anything special?

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by w4wealth, May 4, 2017.

  1. w4wealth

    w4wealth Well-Known Member

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    just for discussion. all members can take part.
     
  2. Guru Vachaal

    Guru Vachaal Let's discuss the fundamentals..

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    Sangam Advisors Ltd enters agreement with Maharashtra Seamless Ltd for solar power for 25 years.

    But beware, Porinju is a crazy guy and stock is overpriced trading at very high PE. Market cap is also very high compared to sales /profit figures.
     
  3. shakti khanduri

    shakti khanduri Active Member

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    Porinju is leading proponent of Greater Fool Theory.Is it true?
     
  4. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Looks like dangerous stocks. Better go for only blue chip stocks instead of such stock.
     
  5. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Please Don't criticize directly in Public forum ... porinju is a self made man in my view
    he started his career with F1 & F2 , and reached current level , in my view he is not a " fool " , actually we don't know his intention on this stock , so always we can not compare with big traders
    My view is dont follow others with out your own study
    our perspective is
    it is a micro cap NBFC Stock , no sales , no NP and other aspects
    but
    recently promoter stake increased 20.19% to 44.4 %

    present company client base is rich , but income is poor ...please click below link (company website)

    https://www.sangamadvisors.com/clients.php

    at present i am not impressed about this stock
     
  6. shakti khanduri

    shakti khanduri Active Member

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    Since market ,at present, is not undervalued,it is time to patiently wait and act when we find real value. Temptation of Momentum Investing, instigated by greed ,is more likely to end in capital loss,this has been my experience.
     
  7. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Excellent and very valuable Experience Sir
     
  8. shakti khanduri

    shakti khanduri Active Member

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    Please don't go by literal meaning in Greater Fool Theory which is practised by most of the Gurus in the world over. In my understanding --it is investing without understanding the rationale( reason to invest).My be Porinju acts on inside information and for upward movement he relies upon his fan following. I doon't know?
     
    Last edited: May 5, 2017
  9. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    yes sir , your intention is very pure and helping others with selfless suggestion
     
  10. shakti khanduri

    shakti khanduri Active Member

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    Big Thanks for understanding me,SIR.
     
  11. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    100% agreed.
     
  12. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Good point is there people follow blindly and buy
     
  13. w4wealth

    w4wealth Well-Known Member

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    :rolleyes:why promoter is hiking stake?
     
  14. kharb

    kharb Well-Known Member

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    Dear RMSC ,Shakti don't say Porinju is fool,he is saying he is smart invester ,but is talking of application of a theory .I don't contest Shakti Khanduri conclusion .
     
  15. shakti khanduri

    shakti khanduri Active Member

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    Thanks.
     
  16. Guru Vachaal

    Guru Vachaal Let's discuss the fundamentals..

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    Porinju's foolishness can be concealed by his big wealth but if a small retail investor buys such overvalued micro cap stocks then he/she will certainly be considered as a fool.

    Porinju has been showing interest in so called chor companies. So this may be the one of them.

    Even I love micro cap stocks but not like these . LOL :D:p

    Anyway I can see some sparking in the engine of NITTA GELATIN LTD today.

    Has anyone bought that ?
     
  17. Ajay Hooda

    Ajay Hooda New Member

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    We should not blindly follow them . Check out the fundamentals & technicals on our own too . There are some great twitter threads too like @AlphaStreetIn #AlphaStreetView .
     
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