1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

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

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

Tags:
  1. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    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
    Share #1
    arunmohan likes this.
  2. bnnarayana

    bnnarayana Contributor

    Joined:
    Jun 14, 2017
    Messages:
    142
    Likes Received:
    119
    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
    Share #2
    shabbir likes this.
  3. waseem163

    waseem163 Member

    Joined:
    Jun 23, 2017
    Messages:
    24
    Likes Received:
    17
    Occupation:
    Employed
    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
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Layla hitting circuits for quite a long time now.
     
    shabbir, Jun 23, 2017
    Share #4
  5. silentlyaddicted

    silentlyaddicted New Member

    Joined:
    May 6, 2017
    Messages:
    3
    Likes Received:
    2
    Occupation:
    Admin Professional
    Layla textiles & virtual global education both didn't ever had sound fundamentals, thus they can't be investible opportunities. Rumours won again


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    silentlyaddicted, Jun 24, 2017
    Share #5
    shabbir likes this.
  6. Suresh_Sinha

    Suresh_Sinha Active Member

    Joined:
    May 1, 2012
    Messages:
    209
    Likes Received:
    30
    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
    Share #6
  7. silentlyaddicted

    silentlyaddicted New Member

    Joined:
    May 6, 2017
    Messages:
    3
    Likes Received:
    2
    Occupation:
    Admin Professional
    Its strong order flow or rise expectations etc


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    silentlyaddicted, Jun 25, 2017
    Share #7
  8. Suresh_Sinha

    Suresh_Sinha Active Member

    Joined:
    May 1, 2012
    Messages:
    209
    Likes Received:
    30
    Order flow true. Good to see Adani getting so much of orders. :p
     
    Suresh_Sinha, Jun 25, 2017
    Share #8