Sunday, July 18, 2010

SAIL: TRADED ON HIGH VALUATION


DEAR SIR,
I DECIDE TO BUY SAIL SHARES [1000 QUANTITY]. PLEASE GIVE ADVICE.
THANKING YOU,
S.V.ANAND

1. First of all I clear my disclaimer again that I am not a registered financial adviser so give only my view on a share not to give an advice to buy or sell a share. So I discuss my view about sail (steel authority of India ltd) with other investors through this blog.
2. sail is a former penny share, most of you wonder that in 2001at price of 4 to 6 only so anything is happen in share market (share market have only one rule that “THERE IS NO RULE IN STOCK MARKET”) price of MMTC is near about 12 in 2002 and in 2007 price of MMTC touch 56000 (yes this is fifty six thousand)
3. Sail have 85.82 % promoter holding (government of India is promoter of company) and 4.30 % FII holding
4. Dividend yield is still very low for sail it is below 2 rupee per year.
SAIL BOOK VALUE 84.10 ONLY .
5. so I think you may not invest your all money at once in sail if you are so fancy and so bullish in it so buy in SIP method only ( accumulate some share every month ).
6. I give a new look for my penny share blog ( http://mypennyshare.blogspot.com/) this blog is again demerge from sharegenius blog also add a menu bar button” my penny share” on sharegenius blog.
7. I recive a huge quantity of mail per day so this is not possible to publish all of mail here so please mail your question again if your reply not publish in 7 days and also ask only 1 question in a mail.
8. in steel sector my currant favorite stock is kamdhenu ispat and I hold 100 share of kamdhenu ispat because in government sector steel company government change his policy any time.
9. Discloser: - I hold kamdhenu ispat so my personal interest is there.
10. market is in bull cycle and I think this is time to book partially profit not to rush for buying market always give a chance for buying do not track index look particular stock with good fundamental and having a bad time.

KEY WORDS:-INDIAN SHARE MARKET TIP FUTURE OPTION TIP INTRA DAY TIP

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