century ply

What does this stock like?

 

Century Ply is a good company

But last year prom sell his 1 % stake , and some of the prom stake is in pledge

for long term investors may try Below Rs. 120 is good price with maintain stop loss Rs. 110

Below 110 is long term bearish

For medium term investors If stock cross Rs. 175 it may go to Rs. 200

short term range is Rs. 130 to 210

ALL THE BEST

 

Sir why you are posting in announcing section? Pl post in query section. Many investors don't visit this section.

 

yes, you are correct Srouta ji ,

i think "crt4raj " is new to this forum ....

 

I hope admin will shift to proper section. Century Ply is very good stock with consistent growth. Very strong brand image and distribution network. But valuation is high.

 

Yes , Very strong brand image ...but high valuations ...In crash definitely good buy

 

But it already crashed from 230 to 140. So you mean to say still high valuation .

 

Dear rameshkare
Now PE Ratio is around 23 and market is also in high above 8100
in Market correction 8 - 10 % at that level comfortable for moderate Risk Investors
Moderate Risk investors may enter at below Rs. 150
High risk Investors start buying in this price slowly .....
But low risk Investors comfortable price is Rs . 120 and maintain stop loss Rs. 110

Below 110 is long term bearish

 

Isnt the sector expected to gain from GST rollout?

 

100% Because there is no charm in going to unorganized unbranded product if tax rate is same. People will buy greenply or century ply instead of unbranded.

 

Hi,

I am overweight on this stock they are competing with the likes of greenply if this stock can trade at Rs1000 why not this and wood segment is very niche segment price of wood always appreciate and recent fall was due to global sell off Please don't link this to the performance of this stock you will find many stock falled to this level even dishman was trading at 140 when the sensex was falling during global selloff and you know where it is now just gvng an example.

I was just disagreeing with the others

Regards,
Narayan