porinju buys sangam advisors limited. anything special?

just for discussion. all members can take part.

 

Sangam Advisors Ltd enters agreement with Maharashtra Seamless Ltd for solar power for 25 years.

But beware, Porinju is a crazy guy and stock is overpriced trading at very high PE. Market cap is also very high compared to sales /profit figures.

 

Porinju is leading proponent of Greater Fool Theory.Is it true?

 

Looks like dangerous stocks. Better go for only blue chip stocks instead of such stock.

 

Please Don't criticize directly in Public forum ... porinju is a self made man in my view
he started his career with F1 & F2 , and reached current level , in my view he is not a " fool " , actually we don't know his intention on this stock , so always we can not compare with big traders
My view is dont follow others with out your own study
our perspective is
it is a micro cap NBFC Stock , no sales , no NP and other aspects
but
recently promoter stake increased 20.19% to 44.4 %

present company client base is rich , but income is poor ...please click below link (company website)

https://www.sangamadvisors.com/clients.php

at present i am not impressed about this stock

 

Since market ,at present, is not undervalued,it is time to patiently wait and act when we find real value. Temptation of Momentum Investing, instigated by greed ,is more likely to end in capital loss,this has been my experience.

 

Excellent and very valuable Experience Sir

 

Please don't go by literal meaning in Greater Fool Theory which is practised by most of the Gurus in the world over. In my understanding --it is investing without understanding the rationale( reason to invest).My be Porinju acts on inside information and for upward movement he relies upon his fan following. I doon't know?

 

yes sir , your intention is very pure and helping others with selfless suggestion

 

Big Thanks for understanding me,SIR.

 

100% agreed.

 

Good point is there people follow blindly and buy

 

why promoter is hiking stake?

 

Dear RMSC ,Shakti don't say Porinju is fool,he is saying he is smart invester ,but is talking of application of a theory .I don't contest Shakti Khanduri conclusion .

 

Thanks.

 

Porinju's foolishness can be concealed by his big wealth but if a small retail investor buys such overvalued micro cap stocks then he/she will certainly be considered as a fool.

Porinju has been showing interest in so called chor companies. So this may be the one of them.

Even I love micro cap stocks but not like these . LOL

Anyway I can see some sparking in the engine of NITTA GELATIN LTD today.

Has anyone bought that ?

 

We should not blindly follow them . Check out the fundamentals & technicals on our own too . There are some great twitter threads too like @AlphaStreetIn #AlphaStreetView .