Jp power

HSBC bought 1.6 cr shares of jp power on 23 December. I guess bottom is already made. Pls share ur view till bugdet

 

JP Power Rs. 1250 cr. market capitalization , 1.6 cr. shares is just Rs. 6.64 cr. worth

it is not even 1 % of total shares , and more over company fundamentals are not changed , last 4 quarterly results
loss , loss , loss ,loss .... Ha .. Hydro power projects loss ? because high debt ....
dont Buy based on single fundamental change ..... please focus other parameters also
just it is only my view ...dont think other wise brother ....

ALL THE BEST

 

Adding to Rama sir, the JP group is selling their good asset to reduce the debt. we must think that how can you make profit if you don't have their good assets with you.

 

Yes Sir , Heavy debt is eating all good assets , there is no other way , business model also average , assets selling process is very slow due to Power industry is not a attractive now a days ....

 

Somebody has also sold 1.6 cr shares please note.

 

Ys sure the seller is tired of holding n seems the loss would b more increasing. Buyer is more positive n the chart now shows clear trend.

 

Think contrarian also. Thxs never mind. I bought at 4and expecting 50%till budget. Just my view