| vikiitd [ Belongs to: Platinum Circle ] | |

about vikiitd
| Profile Details : | I am a Comp Sci Engg from iit interested in anything to do with finance. Currently working for a major investment firm in Hyderabad. I would l... | ||
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Tracked by: 0 Boarder stock to remain in 25 rs rangePosted by : Date :20th Nov, 2009 - 16:19 BSE: Rs 27.05 ( 7.98 % ), NSE: Rs. 27.20 ( 9.02 % )Tracked by: 0 Boarder stock to remain in 25 rs rangePosted by : Date :18th Nov, 2009 - 20:15 BSE: Rs 24.90 ( -0.20 % ), NSE: Rs. 24.95 ( 0.40 % )i agree with Smartnaveen. i can see that the buyback is now happening in almost a lakh a day which means the promoters are trying to collect as much as possible as early as possible before the stock price goes up. surana telecom is a totally different story, that time the whole market was crashing without any bottom. this 25 level game has been pure frustating for the last 3 weeks but also shows that the stck has a solid base at 25. if it is not ready to rise above it, it is not ready to fall below it also. one day suddenly it will surely jump. patience....
Tracked by: 0 Boarder Buyback InfoPosted by : Date :16th Nov, 2009 - 18:09 BSE: Rs 24.80 ( 0.00 % ), NSE: Rs. 25.00 ( 0.60 % )Karvy Investor Services Limited has informed the Exchange regarding the details of the equity shares of Bhagyanagar India Limited bought back through the Stock Exchange on November 16, 2009. Number of Equity Shares bought back on November 16, 2009 : 1,44,000. The details of the same shall be available on the NSE website under: Corporates Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Average buyback rate 25.0. Volumes are increasing substantially in this counter (2-3 times on NSE)...
Tracked by: 0 Boarder Why low pricePosted by : Date :16th Nov, 2009 - 10:35 BSE: Rs 25.00 ( 0.81 % ), NSE: Rs. 25.00 ( 0.60 % )Tracked by: 0 Boarder Tracked by: 0 Boarder to get the facts right Solar power is not a lucrative field. Definitely not for small companies like sanraa. Best i can think what Sanraa has to achieve here is it will take away all the investor money in the name of investment in this new biz and then declare that it failed. BTW i thought they were doing good in animation becuse they get animation work done mostly by students who in return pay lakhs in fees in the hope of a good career so it is win from both sides unless and until their projects didn`t work out. I am also surprized by this solar thing it is totally off rails....
Tracked by: 0 Boarder Why low pricePosted by : Date :13th Nov, 2009 - 22:15 BSE: Rs 24.80 ( -0.60 % ), NSE: Rs. 24.85 ( -0.40 % )Sharechk, 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...
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| Udayan Mukherjee, Stocks Editor, TV18 | ||
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