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View on Magma Fincorp Ltd  

Discussion in 'Fundamental Analysis' started by gunwalvikram, Feb 16, 2017.

  1. gunwalvikram

    gunwalvikram Member

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    Hi members. I m holding 258 shares of Magma Fincorp Ltd @ Rs 107. Please suggest what should I do.


    Sent from my Lenovo P1ma40 using DIY Technical Analysis mobile app
     
    gunwalvikram, Feb 16, 2017
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  2. nirajshah

    nirajshah Champion

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    nirajshah, Feb 16, 2017
    Share #2
    shabbir likes this.
  3. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Feb 17, 2017
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

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    shabbir, Feb 17, 2017
    Share #4
  5. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Feb 17, 2017
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

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    102 will be a solid resistance level but once crossed 110 and 120 looks likely
     
    shabbir, Feb 17, 2017
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  7. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Feb 17, 2017
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  8. ganeshc89

    ganeshc89 Builder

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    Now main thing is that it is weak stock on the basis of growth because its PEG ratio is more than 1 and ROE 5 years average is 10 % only so i feel in in terms of growth this stock is very weak its operating cash flow is also very low but Ok.
    promoter also decrease their holdings so i feel that is a negative for the stocks..
    delivery volume is also decreasing so i suggest you hold for a moment and when you get profit or your buying price sell it and put your money in some other stocks..
    Financial stocks are very unstable so avoid to put your money into them unless they are very strong. for example you can check the case of
    PMC Fincorp.
     
    ganeshc89, Feb 17, 2017
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  9. gunwalvikram

    gunwalvikram Member

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    gunwalvikram, Feb 17, 2017
    Share #9