Hi SIr,
I have 2k shares of Shilpi cables technologies Ltd at 60 rs. I got bonus and dividend also.Sir please guide whether to hold this stock or to sell.
Since its given a bonus its looks like fundamentally good stock.How many months/years should i hold this stock.
Please share your thoughts
Thanks
Sagar patil
1. Sagar ji please do not buy such a huge quantity at once when you buy a stock then first buy only 1/10 part of your required amount then wait some time for correction because price of stocks are always cyclic and every year we have 2-3 chance when every stock is traded at very attractive price.
2. Second point bonus is not a sign of fundamental strongness , bonus issue is dilute stock equity and impact negatively on a stock price.
3. Shilpi cables technologies Ltd is a 10 rupee face value electrical cable company.
4. Year high of Shilpi cables technologies Ltd is 78.50 and year low 8.40, oh I wonder that why people buy a share when it run 10 times within a year, in my theory i am not buy a stock where year high/low is above 2( read my book for details).
5.Promoters of Shilpi cables technologies Ltd hold 34.04% and FII hold 13.71% which is normal.
6. Overall my view is negative for Shilpi cables technologies Ltd due to recent bonus and in-stable year high/ year low ratio ( if you read my book then you familiar that I am not buy a stock who give bonus in last 2 year and where year high/ low is above 2).
7. Discloser:- I have no any share of Shilpi cables technologies Ltd.
Hi Mahesh,
ReplyDeleteI want to know your views on "SHIVAM AUTOTECH LTD".
I had bought this few months back at Rs.63.
Now it has touched Rs.78 - Around 23% profit.
I want to know your view on this stock - is it good to hold, add more or sell?
Thank you very much for helping out.
Regards,
Narendra
Hi Sir,
ReplyDeleteGreat to see your helping nature and precious suggestions. I am new to market. Purchased VIKASGLOBALONE Ltd. of 35,000 shares at 16.8 r.s. and now trading at 6.95 r.s because of bonus issue. Can I hold or sell, please advise sir.
Kind Regards,
SJ
Hi Sir,
ReplyDeleteGreat to see your helping nature and precious suggestions. I am new to market. Purchased VIKASGLOBALONE Ltd. of 35,000 shares at 16.8 r.s. and now trading at 6.95 r.s because of bonus issue. Can I hold or sell, please advise sir.
Kind Regards,
SJ