What is happening to Axiscades Engineering Tech?

Hi,

I bought 100 shares of Axiscades Engineering Technologies at 330 rs per share. It went to 380's and is now seems to be crashing in the market.

Whats happening? Is there some thing which the market knows which i dont know. Should i exit or hold on?

 

I have bought shares of the company in recent correction. The management has guided for a 300 crore revenue target...debt is low and company has recently signed MOU with Airbus with revenues likely to be 300. I do not see anything wrong with fundamentals ...the company recently issued a clarification on NSE that there is malicious information spread on social media which is incorrect...that may hold the reasons for the sharp fall ..I am holding tight till the results and then review

 

Technically, if 265 doesn't hold then it may slip to 225 levels also(cmp 286)

 

yes..even I am curious and somewhat nervous... what are statements, where have they been made...the company recently notified changing its corporate office to Bengaluru for better synergies..but the continuous sell off is certainly suggesting that something maybe wrong...however I could not find anything wrong with the profile of the company ?

 

the experience shows that old age practice of value investing still holds...I have seen that whenever I invest looking at fundamentals I have been successful ...whenever I compromise on fundamentals the results have been not so good...lesson for all retail investors...

 

I hope the tie up with Airbus and all that still holds true. I guess that's the reason people (including me) :-[ were buying as if there is no tomorrow

 

@Parin Cheer up...as I said I could not find anything wrong so far, if you are on social media try and dig up if you can find something...will definitely try and hold till results ...lets hope for the best ;D

 

Positive opening for Axiscades. Looks like the crazy downride is over (at least for now)

 

Trading in a range but the volumes are almost up by 50-60 times....when it was hitting circuits the volumes were much lower..this trading pattern is definitely very strange....I wonder what is SEBI doing...and then it is said that participation of retail investors is so low...we definitely need better regulation of stock markets

 

Appears to be a classic pump-and-dump stock.

 

Madame,
Promoters had sold a large chunk of shares on 23, 26, 27 March. We did not know this fact and purchased the share on high value. I am attaching information submitted by company to BSE in this regards. These are downloaded from Moneycontrol.com. It might be possible that in social media it was not considered a good corporate practice to pump and then dump. Please share your views what to do next hold or sell.

 

God. this is really shocking if it is true. How management can itself do pump and dump of its own company's shares. What confidence investors can have in such a company. These are documents filed with SEBI then why sebi is not looking into the issue? Investors have lost hundreds of crore in sell off of the stock. It is is constant LC for several days now.

 

There was a very heavy tipping circulated by many people to buy this stock when it was at 370-380. So many of my friends got ''tips'' from many sources about this stock being a future multi-bagger. Retail investors have invested huge amounts at peak levels. Why do small retail investors always become scapegoats? :'(

 

There is always a strategy to beat manipulators, if you enter a stock based on tip for trading gains remember two things keep a tight stop loss (around 5% to 10%) of buy price and secondly invest only a small amount, especially if it is a non-index stock ....this is unfortunately the part of game ....there is always a chance of loss of capital in stock markets

 

This 50% price drop from 396 rs to 259 rs has taken place over a period of two weeks. What is interesting is all the TV channels (msnbc (moneycontrol) and ET now) completely side stepped this fall. They were discussing 1-4% fall of other shares while Axiscade was falling at 10% per day.

There seems to be no news on any exits by Ashish Kacholia and Hiren Ved who had sizable investments in this stock. I was assuming that they were holding on. But it appears that they must have exited already in the early days of the fall. It is almost as if everybody knew about it but chose to ignore the situation sucking in more gullible retail investors. I was not even able to exit at 259rs as SEBI seems to have put some kind of hold on this stock at NSE and BSE. This market is filled with such stories. It makes me think whether i should exit and just play the market through the mutual fund route :'(