Saturday, August 22, 2009

HMT SHARE- JUST FORGET IT


I have 700 shares of HMT at avg price of 70/-. I am holding the stock for last five months.
Could you please suggest what to do with it?-Ask by shri Chandrachur by mail

1.this is a government PSU company and government hold 98.88 percent stake in HMT
2.FII and UTI or other mutual funds also hold shares in HMT so I think in this view company fundamental are strong.
3.in HMT 44 percent buying is on delivery base (as per information available on BSE )
4.The only one and most important negative thing in this company is that company makes loss continue and loss increase every quarter so this is a sick government unit.
5.We think one day government either sell stake of this company or try to make it a profit making company if this happen that day you make a decent profit in such type of stock so forget it for a good time.
6.I think forgetting of your 49000 is best policy but if you find it is difficult to wait a long time then book a suitable quantity at coming rally and hold remain.
sent your stock questions to mckaushik00@yahoo.co.in for free answer on this blog

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