I personally think, KFA is just a sentiment driven rally on days where there is no news. The fundamentals of the company remain the same. Given their cancellations it is further going to affect the profit and might result in 17th quarter loss as well. Initially I was hoping to go short on Friday at 24.90 and ride downward, but got mixed in this sentiment of some mysterious new investor and lost 1,500 Rs buying 1000 stocks.
My conclusion was I had to choose position based on my analysis and learn from the results.
Shepherd
My conclusion was I had to choose position based on my analysis and learn from the results.
Shepherd