[quote=“hitesh2710, post:7154, topic:658”]
As of now my highest holding is in HBL power
[/quote]…
Hi Hiteshbhai, Over the years, I have been investing , relying only on fundamental analysis. But after reading your analysis based on charts in this thread vis a vis a few of my big losers, I am convinced that I need to learn some basics of charts . Now , relating to HBL Power Systems , I took a small positions sometime back. I am convinced that fundamentals and market for the products are good. But I am sceptical of high return at this juncture because of below reasons : 1) Top management is not aggressive enough for growth.(Present Chairman
is 77 years old & couldn’t see any succession plan. 2) Majority shares owned by Barclays Wealth Trusties Pvt Limited (51.27%) – Is that a PE fund or something else?
3) MP has sharply risen in a very short period and it has reached ATH- Is it not risky to take large exposure at this juncture, after considering charts and fundamentals?
I appreciate if you please share your thoughts, knowledge and guidance in this regard. I also appreciate comments from other senior members. I am sure a lot of readers will be benefited from that. Samir Ghosh. Disclos : I have investment in the stock .
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