TBH it is a bit surprising & confusing. I will await further details & clarification from the company.
It is difficult for retail to absorb 7.5lac shares, 15lac would be near impossible.
TBH it is a bit surprising & confusing. I will await further details & clarification from the company.
It is difficult for retail to absorb 7.5lac shares, 15lac would be near impossible.
The buyer (if it’s bulk or block deal) should hv got reflected immediately or sometime it takes time to see in screener ( or in general 1 day lag ) , any idea ?
I appreciate your comments and concerns. But I would prefer to go by my own thumb rules and gut feeling. After spending many years in the market (and in micro caps mainly), I understood that I need to be comfortable holding onto any investment. In this particular case, I could be wrong in my assessment. I played it both ways in the past and this learning is from burning my fingers few times. So its better safe than sorry for me. In economy like India, there are so many opportunities, so why remain invested in company where one feels iffy. Thats just me. Needless to say, this is not an investment advice.
1.Yes,Balance sheet in the results section will give you all the details
2.Yes,Assets increase will definitely give boost to revenue.
Only one doubt I have about the integrity of promoter
Last time he published the lockheed order on the day of bad results.Day before yesterday he published the order of 32 crores to boost the share price before doing bulk deal yesterday in which promoter was seller.Looks like he is posting to exchange about order book according to his requirements .
Thanks Anmol, You are right. on screener the FA reflects 45 Cr, Increased from 15 Cr reflecting at last annual report.
1.Is there a way to identify details of the 45Cr FA ?
2.Will it always impact revenues positively if FA is increasing ?
D-Studying.
This looks like an alternative to Tinna Rubber’s product. Or do they go hand in hand?
“The government is focusing on various alternatives for road construction, including recycled waste material and molasses.”
Agree with you. As it is a deep value buy as mentioned by Dhruv Bajaj we can just spray and pray. The downside risk is very minimum, and it has high probability of getting some favors from the Government. This is similar to Heritage where nothing has changed fundamentally but stock went up crazily after election results.
Anyone able to find details of the buyer?
Surely, retailers would not have bout 7.5lac shares yesterday.
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