Friend Rahdakrishnan, I did say that you should do your own research. I may sound like an expert or an experienced investor but that doesn't mean that you should follow my advice to the letter.
GV Films has been in the news almost every day for a couple of weeks as one of the top volume-spinners. However, the stock split ratio that they are planning after the demerger, i.e. three shares of GV Studio (Re. 1 face value) and three shares of GV Media (Re. 1 FV) for every share of GV Films (Rs. 10 FV) looks disadvantageous to the investor. You are in effect, getting only 6 rupees worth of shares for a 10 rupee share, with no guarantee that the new companies will perform better. (G. Venkateswaran, the original promoter, committed suicide because of unmanageable losses and kidnapping/abuse of his family members by usurers from whom he had taken loans.) My advice is to book profit. I have not invested in the shares so don't take my word as the final authority.
I have not invested in Kitex Garments but persons who recommended it at 6-9 at moneycontrol are now advising to book profits.
The same goes fot Nitin Spinners. It seems to be consolidating. If you already have enough profit, you can book it now and may buy at a lower price later, as there is one thought that it may go up to 30 after the April results.
Harig Crankshafts - that is difficult because I have just entered it and it is going up everyday in good volumes. However, I won't let my greed get the better of common sense. The first target is 8 and I'll sell when it reaches that or if it starts coming down. I bought for 5 something and it's now at 6.91 so my target (50% annualized profit over and above brokerage) is achieved.
GV Films has been in the news almost every day for a couple of weeks as one of the top volume-spinners. However, the stock split ratio that they are planning after the demerger, i.e. three shares of GV Studio (Re. 1 face value) and three shares of GV Media (Re. 1 FV) for every share of GV Films (Rs. 10 FV) looks disadvantageous to the investor. You are in effect, getting only 6 rupees worth of shares for a 10 rupee share, with no guarantee that the new companies will perform better. (G. Venkateswaran, the original promoter, committed suicide because of unmanageable losses and kidnapping/abuse of his family members by usurers from whom he had taken loans.) My advice is to book profit. I have not invested in the shares so don't take my word as the final authority.
I have not invested in Kitex Garments but persons who recommended it at 6-9 at moneycontrol are now advising to book profits.
The same goes fot Nitin Spinners. It seems to be consolidating. If you already have enough profit, you can book it now and may buy at a lower price later, as there is one thought that it may go up to 30 after the April results.
Harig Crankshafts - that is difficult because I have just entered it and it is going up everyday in good volumes. However, I won't let my greed get the better of common sense. The first target is 8 and I'll sell when it reaches that or if it starts coming down. I bought for 5 something and it's now at 6.91 so my target (50% annualized profit over and above brokerage) is achieved.
