Porinju Bought Alpa Labs

Porinju bought Alpa Labs 110K shares @31.

 

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

 

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

 

Thank you very mcuh

 

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

 

Read here..I feel its a risky bet..it never traded above its IPO price!!!
https://www.indianhiddengems.com/2015/11/alpa-labs-porinju-veliyaths-new-bet.html

 

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.

 

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

 

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.

 

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.