Porinju Bought Alpa Labs

Discussion in 'Stock Picks Of Wizards' started by SyedK, Nov 6, 2015.

  1. SyedK

    SyedK New Member

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    Porinju bought Alpa Labs 110K shares @31.
     
    TUSHAR VORA likes this.
  2. pnair

    pnair New Member

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    Could you please provide the source of this news for the information of the members
    This is a loss making company with negative EPS
     
  3. SyedK

    SyedK New Member

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    You can find that in Moneycontrol under Shareholding > Bulk deals. Attached screenshot for your reference.
     

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  4. pnair

    pnair New Member

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    Thank you very mcuh
     
  5. MoneyWorks4ME

    MoneyWorks4ME Active Member

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    Porinju will buy and sell. What are you going to get out of following Porinju.
     
  6. jewelma

    jewelma New Member

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  7. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Looks like BOGUS stock. When there are such good stocks why go for such rubbish stocks. Buy quality stocks like jb chemical, Ajanta, Shilpa, Cadila. Good product, good mgmt, long track record.
     
  8. SyedK

    SyedK New Member

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    hmm..I guess this forum is to share & discuss the "Stock picks of wizards"?!?
     
  9. SyedK

    SyedK New Member

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    Agree with you. But they declared very good Q2 results. Both QoQ & YoY Numbers are topnotch. From loss to reporting profit. Possible turn around? No harm in analyzing the rationale, buying or not is up to the individual.
     
  10. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    It has market cap of only Rs. 73 crore. Such ultra micro cap have volatile movement because liquidity is low. slight buying / selling pressure will see stock price violent movement. If porinju decides someday to sell holding where who will buy large quantity. Safe thing is to track from a distance for at least six to eight quarter. If stock is showing consistent growth and management is ok one can consider. Even if stock triples, it will still be micro cap only with Rs. 200+ market cap. We can consider at that stage.
     
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