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Parsvnath Developers
The worst stock ever seen
Posted by :
Leave it.Tracked by: 0 Boarder
Dear Sri Kumar(guest) and vkaneja,
I read your posts. I am sorry to hear your predicament. Please allow me tell my point of view. Sorry for intervention.
Right or wrong you made an investment and incurred a heavy loss,notionally as on date. What is the lesson you learnt? You took a wrong decision or the promotors made a profit by issuing the ipo at a hefty premium. You now feel cheated as you failed to sell at a higher price when it was listed. You were not wise to encash it. Please accept it. that is the truth.
Now in the name of averaging the cost of your present holding, you want to buy more shares. You want to try your luck or gamble with your hard earned money. The reality stocks are out of favour and the timing is not good for the price to go up as we expect. That is the view of many. this may change. I am not sure.
Just wait with that idea of additional investment. How much you desire to invest more to average? Or, what should be the average price you desire to have,for your entire holding, to get out of this hell? Decide this amount first. and confirm yourself thathow you are going to have it.
Take that additional money into account for a simple calculation.If you put that amount in the same stock, you lose that additional money first and get an average cost for the entire holding. Wait with your fingers crossed till "THAT DAY " comes to get your entire money back. Provided you find someone to buy that stock at that price. You should not change your decision also.
Now consider the time tag. Will it be three years or five years. What you get is the money back with the entire earning as a loss. That is you have lost the basic interest , say 6% pa. on the original investment and the interest on the additional amount at the current rate of 10% pa.
You workout the total loss of interest. Is it worthwhile?
You are having two unknown factors. The possible appreciation in the reality stock prices. And the time taken for which your additional money is lying in this share without returns. NO ONE CAN TELL YOU THE CONFIRMED AND CORRECT REPLY for these two unknown factors.
One thing is certain that your cash on hand will go out of your control. Think here deeply.
Mr. kumar says he is having 2000 shares. Mr.VKAneja says he has no funds. What is the cost of the additional money tobe injected?
Don't put your hard earned money in the name of averaging. You are creating a loss for your hard earned money available on hand.
Just bear with the investment. Think that you are unlucky. Never put your good money in any bad investment. Your additional investment is not releaving you from the hands of people who could not be taken for trust. Read this for some time and decide it in consultation with your spouses.
For any loss or profit will reflect on the finance of the family. I am 70 years old. Retired LIC official in USA. I take you as younger to me . So I take the liberty to post this mail and I make this request to you.
For future: When ever you buy shares observe the movements of the price for six months. Fix a target for buying or selling. This will decide your profit or sales. You can fix the time horizen according to your risk appetite.
wish you happy investment and peace of mind.
with my best wishes,
V.Krishnamoorthy
...
In reply to:
The worst stock ever seen
Posted by : Guest
Do not worry, think that you did some FD. I too hold 2000 stocks at avg price Rs 270. I am thinking of buying 2000 more at 70-75, so that my avg price may come to 170. It will defenitely go 300 some time in the next 3 yrs, If I can get chance to sell i still make profits.
So Mantra is be patience and wait for good time to sell.
kumar 
The worst stock ever seen
Posted by : GuestTracked by: 0 Boarder
Sir I would like to tell you that first of all when all these real estate public issues came, the valuations were wrongly calculated. The land bank valuations and all were over hyped and over calculated in order to fool the poor investor. The media also provided a helping hand to all these real estate companies so that their issues get filled up. Now the public has realised how much fools they have been made. I dont think real estate stock will make their older highs again. Parsvnath at the most could go to 300-350 even in better times. Unless they keep operators to jack up the stocks prices I dont see the high's of 600 again in parsvnath fundamentally. And still they are talking of 15-20% more correction in real estate stocks. So Parsvnath could become a 50 rs stock, no wonder. So gentalman to expect a price of 600 from 50 rs levels is unrealistic. Who knows what will happen after 5 years. 5 years is not a short period of time. People can become billioners in 5 years from their investments. And you people will wait for 5 years just to get your own hard earned money back. Sounds bad....
In reply to:
The worst stock ever seen
Posted by : Guest
Do not worry, think that you did some FD. I too hold 2000 stocks at avg price Rs 270. I am thinking of buying 2000 more at 70-75, so that my avg price may come to 170. It will defenitely go 300 some time in the next 3 yrs, If I can get chance to sell i still make profits.
So Mantra is be patience and wait for good time to sell.
kumar
The worst stock ever seen
Posted by : GuestTracked by: 0 Boarder
Do not worry, think that you did some FD. I too hold 2000 stocks at avg price Rs 270. I am thinking of buying 2000 more at 70-75, so that my avg price may come to 170. It will defenitely go 300 some time in the next 3 yrs, If I can get chance to sell i still make profits.
So Mantra is be patience and wait for good time to sell.
kumar...
In reply to:
The worst stock ever seen
Posted by :
vkaneja
I am holding this stock right from the time of IPO and having received 20 shares in IPO I added 100 more at average price of 375. Now I have 120 shares at above rate. Since commencement of IPO I have not got a single penny fron this company and my precious money of Rs 37500 is reduced to bare 10000. This Mr. Pradeep Jain never bothered about its share holders. When ever rally comes other stocks rise with the market but this Kachra stock remains where it is and when market falls it makes new bottom evertime. Where will the stock finish with. What the SEBI and goverment is doing to protect the intrest of share holders. How SEBI allows such cunning management to bring an IPO @ Rs 300 which is Rs 90 even after Three years and investors are beating their heads.Have a curse to such Kabada stock and to its MD Mr. Jain Also.
BSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Ltd has informed BSE regarding a Press Release dated September 30, 2008 titled "Parsvnath launches Parsvnath Pragati in Dharuhera"...
Parsvnath
Posted by : zoombusinessTracked by: 0 Boarder
Real-estate firm Parsvnath Developers Ltd said it expects revenue of 2.10 billion rupees from a new housing project it launched at Dharuh
era in the northern state of Haryana on Tuesday.
The project, spread over 13 acres, is likely to be completed by 2011, the company said in a statement.
Earlier in the day, Parsvnath said it expects revenue of 400 million rupees from its just-launched housing project in Pune.
...
NSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Limited has informed the Exchange regarding the press release dated September 30, 2008, titled "Parsvnath Launches Parsvnath Pratishtha in Pune; Parsvnath expands its footprints in Maharastra". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Limited has informed the Exchange regarding the press release dated September 30, 2008, titled "Parsvnath Launches Parsvnath Pragati in Dharuhera; Parsvnath expands presence in Haryana with its third residential project". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
The worst stock ever seen
Posted by : not_a_punditTracked by: 0 Boarder
vkaneja,
I agree with you. The promoters are greedy and hardly care about the investors who invested their hard earned money with them. Every stock fall in bad time but it rises again as well. Look at JPAsso, or DLF for that matter. With every rally these stocks do bounce back. But parsvnath is just a dead script. Look at reliance power. When the stock fell drastically due to market conditions anil amabani immediately came forward with bonus issue to bring some cheer to his investors. I haven't seen any favorable move from Parsvnath to bring some good to it's investors. When real state was on peak they enjoyed all the profits but refused to share it with their investors. Promoters are just not concerned about their investors. Now our only hope is to wait for a good time and get rid of this dumb script.
...
In reply to:
The worst stock ever seen
Posted by : vkaneja
YES, you are asolutely correct in your precious advice that never invest in real estate stock for longer time and whenever we get our target price or profit get iut of it immediately without any delay. That was the mistake made by me when I saw a price of 598 I must have sold it. Though presently I am totally out of money, still I will try to average it as per your advice. thanks a lot.
The worst stock ever seen
Posted by : vkanejaTracked by: 0 Boarder
YES, you are asolutely correct in your precious advice that never invest in real estate stock for longer time and whenever we get our target price or profit get iut of it immediately without any delay. That was the mistake made by me when I saw a price of 598 I must have sold it. Though presently I am totally out of money, still I will try to average it as per your advice. thanks a lot....
In reply to:
The worst stock ever seen
Posted by : Guest
Mr. Vkaneja. Sir when you bought parsvnath stock at that time the real estate market was in a bull run. Now the real esate market is in a bear phase in just a matter of one year. Stock market tends to behave very extreme in both sides. Thats why you see a high of 598 and a low of 90 in stocks like parsvnath. I mean in bad times stock market discards a stock even way below its fundamental price. Because nobody want to be invested in a counter for 5 years to make money. Everybody wants quick money. So you will see people buying parsvnath at a higher levels when things start improving but no takers right now. My adivce is to average at the price of 90. And sell this stock in the next bull run at a price above 400 in the next 5 years. Othewise there is no hope. And pls dont invest in a real estate counter for long term again. Whenever you get your money then just exit. As far as SEBI doing something in this the answer is nobody forced you to invest in the ipo at rs 300. Even if you did invest then you had a option to sell on the first day at 400 which you did not do. SEBI cannot do anything in this. This is a open market. Jab miya bibi razi to kya karega kazi. That is the answer. You were ready to buy, someone was ready to sell then why are you cripping. Nobody had put a gun on your head and told you to buy. Promoters of the company will sell their stock at rs 300 only na if people are ready to buy. Why blame them. Will you sell your product at a lesser price when some one is offering you a higher price. Then answer is no.
The worst stock ever seen
Posted by : GuestTracked by: 0 Boarder
Mr. Vkaneja. Sir when you bought parsvnath stock at that time the real estate market was in a bull run. Now the real esate market is in a bear phase in just a matter of one year. Stock market tends to behave very extreme in both sides. Thats why you see a high of 598 and a low of 90 in stocks like parsvnath. I mean in bad times stock market discards a stock even way below its fundamental price. Because nobody want to be invested in a counter for 5 years to make money. Everybody wants quick money. So you will see people buying parsvnath at a higher levels when things start improving but no takers right now. My adivce is to average at the price of 90. And sell this stock in the next bull run at a price above 400 in the next 5 years. Othewise there is no hope. And pls dont invest in a real estate counter for long term again. Whenever you get your money then just exit. As far as SEBI doing something in this the answer is nobody forced you to invest in the ipo at rs 300. Even if you did invest then you had a option to sell on the first day at 400 which you did not do. SEBI cannot do anything in this. This is a open market. Jab miya bibi razi to kya karega kazi. That is the answer. You were ready to buy, someone was ready to sell then why are you cripping. Nobody had put a gun on your head and told you to buy. Promoters of the company will sell their stock at rs 300 only na if people are ready to buy. Why blame them. Will you sell your product at a lesser price when some one is offering you a higher price. Then answer is no....
In reply to:
The worst stock ever seen
Posted by : vkaneja
I am holding this stock right from the time of IPO and having received 20 shares in IPO I added 100 more at average price of 375. Now I have 120 shares at above rate. Since commencement of IPO I have not got a single penny fron this company and my precious money of Rs 37500 is reduced to bare 10000. This Mr. Pradeep Jain never bothered about its share holders. When ever rally comes other stocks rise with the market but this Kachra stock remains where it is and when market falls it makes new bottom evertime. Where will the stock finish with. What the SEBI and goverment is doing to protect the intrest of share holders. How SEBI allows such cunning management to bring an IPO @ Rs 300 which is Rs 90 even after Three years and investors are beating their heads.Have a curse to such Kabada stock and to its MD Mr. Jain Also.
The worst stock ever seen
Posted by : vkanejaTracked by: 0 Boarder
I am holding this stock right from the time of IPO and having received 20 shares in IPO I added 100 more at average price of 375. Now I have 120 shares at above rate. Since commencement of IPO I have not got a single penny fron this company and my precious money of Rs 37500 is reduced to bare 10000. This Mr. Pradeep Jain never bothered about its share holders. When ever rally comes other stocks rise with the market but this Kachra stock remains where it is and when market falls it makes new bottom evertime. Where will the stock finish with. What the SEBI and goverment is doing to protect the intrest of share holders. How SEBI allows such cunning management to bring an IPO @ Rs 300 which is Rs 90 even after Three years and investors are beating their heads.Have a curse to such Kabada stock and to its MD Mr. Jain Also. ...
NSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Limited has informed the Exchange regarding the outcome of Annual General Meeting of the Company held on September 24, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 24, 2008....
Short term
Posted by : My MultibaggersTracked by: 0 Boarder
In short term donside is upto Rs.90/-.
Take the best decision....
sell parsvnath
Posted by : GuestTracked by: 0 Boarder
sell sell selll.......if u sell i will buy that,s the theory...
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