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What are your views on stocks that are hitting circuits recently?

Discussion in 'Fundamental Analysis' started by shabbir, Jun 21, 2017.

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  1. shabbir

    shabbir Administrator Staff Member

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    Stocks like Bhushan Steel, Amtek Auto, Monnet Ispat ... are down by 90% in their lifetime and are now hitting circuits because there is a policy to either pay the debt or let the company be taken over.

    The obvious choice of the management now is to pay the debt because company has assets more than what it will be sold at.

    The sad part of it is people are so bullish on these such stocks and with such a full of drama management.

    Some of the companies has even misreported higher debt and lot of other such creepy things.

    Are you in those stocks?
     
    shabbir, Jun 21, 2017
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  2. bnnarayana

    bnnarayana Contributor

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    As above socks fundamentaly bad and I had bitter experience with Amtek Auto, even if they become debt free, will not invest in them

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Jun 21, 2017
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  3. waseem163

    waseem163 Member

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    I am holding Layla textiles and Virtual global education, both hit the circuit. Learned a lesson, not to believe blindly do your own research.
     
    waseem163, Jun 23, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    Layla hitting circuits for quite a long time now.
     
    shabbir, Jun 23, 2017
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  5. silentlyaddicted

    silentlyaddicted New Member

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    Layla textiles & virtual global education both didn't ever had sound fundamentals, thus they can't be investible opportunities. Rumours won again


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    silentlyaddicted, Jun 24, 2017
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  6. Suresh_Sinha

    Suresh_Sinha Active Member

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    I agree but then don't you think agree a lot works on policy in India. What do you think about so much gain in the Adani stocks in last couple of years?
     
    Suresh_Sinha, Jun 25, 2017
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  7. silentlyaddicted

    silentlyaddicted New Member

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    Its strong order flow or rise expectations etc


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    silentlyaddicted, Jun 25, 2017
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  8. Suresh_Sinha

    Suresh_Sinha Active Member

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    Order flow true. Good to see Adani getting so much of orders. :p
     
    Suresh_Sinha, Jun 25, 2017
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