Uniply Industries

sagaya · Jul 10, 2015

Hi everyone,
Im new here, and i wanna know about one stock as i am very curious why this is hitting upper circuit daily. i've been watching this share from the level Rs.80. On daily basis it is hitting upper circuit, now it is at Rs.101. Can you guys help me? I wanna know if i can enter into this stock or not and will appreciate your valuable suggestions.

Meenakshi Razdan · Jul 10, 2015

Yes. The stock is up 162% in just the last month. In the last three months, it is up 234%. I think the aggressive buying has something to do with the fact that the open offer made by the Keshav Kantamneni group to acquire a 26% stake in Uniply Industries failed. So, maybe that group is buying from the open market to get control.

sagaya said: ↑

I wanna know if i can enter into this stock or not and will appreciate your valuable suggestions.
Click to expand...

Unless we are able to find fundamental reasons to buy the stock, can we do so? The persons who are aggressively buying the stock have their own motives for doing so. We are not privy to that. Also, what if they aggressively sell the stock? Then there will be a never ending series of lower circuits.

So, an investor, it is best to be cautious and only invest in those stocks where we are confident that the fundamentals will play out in the long run. Also, we should ensure that we are paying a reasonable price for the stock.

Dreamer1214 · Jul 10, 2015

Great advise Meenashi Ji

sagaya · Jul 10, 2015

thank you Meenakshi..
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable - Daniel Kahneman

Thanks again for these Daniel Kahneman words..I do not know about Daniel Kahneman..but i totally agree with his words..

stockguru · Jul 10, 2015

sagaya said: ↑

thank you Meenakshi..
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable - Daniel Kahneman

Thanks again for these Daniel Kahneman words..I do not know about Daniel Kahneman..but i totally agree with his words..
Click to expand...

@sagaya Daniel Kahneman is nobel prize winner and author of a best selling book titled Thinking, Fast and Slow. I have personally not read that book as of now but it is on top of my reading list and very soon I will start to read it. But based on the reviews which I saw from amazon, I think it is worth a read.

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Uniply Industries

sagaya New Member

Meenakshi Razdan Administrator Staff Member Moderator

Dreamer1214 Member

sagaya New Member

stockguru Active Member

Dollar Industries has strong brand recall

Lux Industries is well-poised for growth. Buy for target price of ₹1502 (+17%)

Solar Industries has shown consistent revenue & profit growth (28% & 38% CAGR) over last 5 years

Buy Man Industries for target price of ₹660 (47.3% upside)

Dollar Industries has strong brand recall. Buy for target price of ₹524 (30%)

Log in

Uniply Industries

sagaya New Member

Meenakshi Razdan Administrator Staff Member Moderator

Dreamer1214 Member

sagaya New Member

stockguru Active Member

Dollar Industries has strong brand recall

Lux Industries is well-poised for growth. Buy for target price of ₹1502 (+17%)

Solar Industries has shown consistent revenue & profit growth (28% & 38% CAGR) over last 5 years

Buy Man Industries for target price of ₹660 (47.3% upside)

Dollar Industries has strong brand recall. Buy for target price of ₹524 (30%)

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