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stock to remain in 25 rs range
Posted by :
vikiitdsweet success after bitter test of patience. Thanks for supporting me and staying here. Good luck and happy investing!...
stock to remain in 25 rs range
Posted by :
amkanwell said your words came true 2day.Bhagyanagar Jumps out of range and looking strong now to jump to next target of 32-33...
stock to remain in 25 rs range
Posted by : vikiitdi 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....
stock to remain in 25 rs range
Posted by :
granitekingeveryday tell the same story...
stock to remain in 25 rs range
Posted by :
SmartnaveenYou are right but this charade can go on only upto a point because the free float is very limited and at average Rs.25 the company would have to buy back 80 lacs share which would be about 30% of the free float. If all of us have the patience then we will definitely see a price of Rs 35 before the buy back is over. I have a big lot and am not selling....
stock to remain in 25 rs range
Posted by : granitekingI agree and it is true ...
temporary gains , but permanent loss
Posted by : SharechkDear Ankur : if its true then news is shocking , bcoz promoters of the company will downgrade their reputation & in future no genuine share holders will invest in such company ............. ...
stock to remain in 25 rs range
Posted by : ankur_ldhin last few days the promoters had buy back approx 3,25000 shares from open market,without any increase in share price,do anyone think this is possible?where have all these sellers came from? this is all bull shit ,promoters are just making fool of investers,they will just transfer sharers from one account to another to show the transaction and their will be no acutal buy back from the open market,the stock will not out perform for the next six months till this false buy back is over and will crawl in 25rs range only.if any body disagreres then just see the past record of surana telecom;s buyback offers which is the same promoters co....
Buyback Info
Posted by : vikiitdKarvy 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)...
Why low price
Posted by : vikiitdGood for you, i agree there are better scripts to invest. For me this is good low risk investment, because i know that there will be consistent buying here for the next 6 months. ...
Why low price
Posted by : granitekingu r always + approach, i forget this script...
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...
