Moneycontrol.com >> Messageboard >> Stocks >> Varun Shipping >> Varun Shipping is trading at Rs 20.10, up 5.24%. 200 DAYS MOVING AVERAGE IS 21.55 THIS TIME IT WILL

utpalbs

Platinum Member

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Varun Shipping is trading at Rs 20.10, up 5.24%. 200 DAYS MOVING AVERAGE IS 21.55 THI... Read full message

1.39 PM Feb 9th | Track

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it'smeyaar

Gold Member

26 Followers

correct. But like I said, the next quarter will see an reduction of about 66 crores due to some appropriations, which have not been taken into consideration in the Dec`11 quarter. Hence, presuming safely that Varun will not make any major profits in the final quarter, it still will end up making good bottom line profits for the financial year. And this gives it the scope to appreciate aswell as the likelyhood for high divident payout. I hope you agree?

6.17 AM Feb 23rd

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ITS EPS IS COMING VERY VERY GOOD FROM LAST TWO QTR. BASED ON THIS P/E VALUE IS VERY LOW SHOW THAT SHARE IS AVAILABLE AT VERY LOW PRICE FOR ACCUMULATION

8.04 PM Feb 22nd

NAUGHTY007

Platinum Member

296 Followers

buy sip method shd cross 40 in another year

1.31 PM Feb 11th

varunwant2l
earn

Silver Member

1 Followers

Ok. So for now strategy should be wait and watch..

3.29 AM Feb 10th

it'smeyaar

Gold Member

26 Followers

Your name coincides with the name of the company, how come you didn`t buy any of them so far ?? It was a good opportunity to buy this stock when it was around 16 for quite some time.
Well, technically, the charts show the stock`s immediate resistance at 21-23 levels. Only if it manages to close beyond these levels with really good volumes (with high delivery percentage), it can go up to the level of 29-30. On the other side, if it is able to hold itself above 20 for few trading days, it is likely to form a base and then one can be optimistic of this stock going up. However, the deciding factor would be the result which will come up soon.

3.01 PM Feb 9th