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Why low price
Posted by :
vikiitdSharechk, i guess the stock is being kept low to complete the huge buyback. I was myself expecting it to move faster than being stuck at 25 for a week but looks like the buyback manager from Karvy is a smart man. Till now approx 1.75 lakh shares have been bought back and promoters need to buy back a minimum total of 50 lakh shares (max 1 Crore shares) Surely they will try to get as much as possible within that 20 Crore limit. Looking at the daily volume of 40 - 50 K and a daily buyback requirement of min 30 - 40 K i had suggested that it would be impossible to keep the price of the stock under control and it will shoot up. But that did not happen. Anyways my next guess is to wait patiently until 10 - 20 Lakh shares have been bought back, it may start moving up after that. Btw todays volume showed a huge jump. From the usual 50-70K it traded almost 2 lakh stocks, NSE / BSE combine. That`s a good sign...
Why low price
Posted by :
SharechkIf buy back is on ; why trading price is low at 25 instead of buy back price of Rs 40 /- ??????...
Buy back very much on
Posted by : GuestAccording to NSE notifications buyback is happening daily. Yesterdays average acquisition price was 24.9. Total 1.5 lakh shares have been bought back till now. Promoters have to buy minimum 50 lakh shares and can buy upto a maximum 1 Crore shares. Hold on ......
NO BUY BACK
Posted by :
granitekingtoday trading only 19000 shares only...
Bhagyanagar target 30/-
Posted by : vikiitdgraniteking please read your message again and see if it makes any sense. From whatever i could understand, there cannot be a better news than promoter buyback. But it is difficult for ppl like you who want daily upper ckts. patience is the key in stock market. Anyways best of luck to you. As far as bhagyanagar ind is concerned we don`t need to fight over it. Let the market decide. Soon it will be clear who was right....
Bhagyanagar target 30/-
Posted by : granitekingare u accepted this target??? still it is Rs.24/ average no good news!!!!! but u are always wrote + approch , but promoyers are REAL ESTATE ......?????...
Bhagyanagar target 30/-
Posted by : vikiitdhas been rising continuously for a week since the buyback started. Above 25, first target is 30. ...
wrong company
Posted by : granitekingpromoters are always lazy kumbakarna sleeping dont enter...
COMMA stock
Posted by : granitekingToday also no more improvement buy back quantity only 75k only, avoid the stock...
avoid this stock
Posted by : granitekingno more improvement from buy back , still in ..... dont enter this stock...
not seen buy back
Posted by : Guestlooks like you sold off before it started its upward journey and wish to re-enter at lower price. Otherwise i don`t understand why someone who claims, he is holding this stock for 2-3 months and asking others to avoid. only if others were equally foolish to listen to your daily avoid updates. sweet dreams. ...
not seen buy back
Posted by : granitekingstill one lakh only traded, avoid the stock...
avoid
Posted by : granitekingToday trading quantity only 25K not price average 24 only...
dead stock dont enter
Posted by : granitekingit is in my holdins past three months...
dead stock dont enter
Posted by : vikiitdbuddy look at the market first which is nose diving deep. But bhagyanagar is stable even in this market. It won`t take too much mathematics to understand why this stock will deliver more than 50% return within a month. However looking at the recent announcements i am tempted to even go long term in this stock. They are selling the Jelly filled cable division along with the GOA manufacturing unit. Their Uppal project is nearing completion. Money generated from both these resources will be enough to get into real estate business in a big way. Besides uppal, they have 52 acres in Vizag, 25 acres in Gachibowli. Promoter holding will be 70% after the buyback. This is a multibagger stock in medium term (4-8 months)....
