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Guys whats wrong with amara raj batteries?

Discussion in 'Traders Coffee Shop' started by tarak_desai, Sep 26, 2012.

  1. tarak_desai

    tarak_desai New Member

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    Just was checking few scripts today and for amara raj battries, at chartink I saw -200 downside today - to confirm I checked at rediff - ghosh have a look at capture below!

    All buy recommendations, company got award and stuff and it went down by 48% in single day - what could have gone wrong? thankfully I was not invested.

    [​IMG]
     
    Last edited: Sep 26, 2012
    tarak_desai, Sep 26, 2012
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  2. tarak_desai

    tarak_desai New Member

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    ahh, today split was announced - thats why!

    Shabbir, its possible for any script to be down by almost 50% on any bad day ? Sorry if its silly question but I never use to monitor market closely as I am doing during past few days.
     
    tarak_desai, Sep 26, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    No in Indian stock markets only FnO stocks can go down more than 20% and so any stock falling 50% and that is not in FnO is because of split or bonus.

    So if you are holding this stock, you expect number of shares in your account to double.
     
    shabbir, Sep 26, 2012
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