Bulls have been on a rampage in the markets but utv seems to have been stuck in a groove between 445 to 455, lets hope for atleast one 20% upmove before the markets tank and take utv along.
Very true, I have about 40 stocks in my portfolio and its distressing to see that all of them are stuck at a level, while large caps and certain other stocks are going higher and higher and hence taking the bse/nse up... wont be long before a correction comes and it will drag all my shares down and yet, it does not make sense for me to sell, as my shares are not much higher than my purchase price...
Incidentally, this is the same sitution with 90 percent investors, and i dont know how this is going to pan out.
Its going down,no doubt, but with very low volumes... shorting to buy back cheaper is a good strategy, but operators (who might be positively interested )in the stock are banking on exactly that strategy.
If one is interested in the long term story, its best not to give in to this, but if one is a short term player, its definitely worth taking the risk!
Never get attached blindly to a stock. I was like u and did not sell UTV around 800+ during buy back offer. Once the offer is over, it went down to 180 levels. I have to wait long to exit this counter without loss (2+ years). At current levels Dish TV and Balaji Telefilms are cheaper and they have a good mgmt team which will take the stock price to double in the medium term. UTV is a good buy if it comes to 250 levels. It looks expensive now and Q2 may not be very positive
I agree....one should not get attached to a stock... i suffer from this problem...but there should be a reason to sell..., UMP plc is becoming a 100 percent part of UTV 15th october onwards, share capital due to that is increasing from 34 cr to 40 cr, and i am of the opinion that the share price is depressed due to that..
Then there are shares, with high floating stocks, one can sell those to buy cheaper, but with a share like UTV ,where floating stock is low, in the 50 percent chance that the stock goes lower, you can gain a lot, but the exact opposite can happen, if stock price goes up.. as either way, one is looking at atleast rs.100 gain or loss.
With all the movies released since August (after the tussle between producers and cinema hall owners) i am of the opinion, that they should in fact come out with a good quarter this time.
To add to that, UTV news has recently tied up with bloomberg for the business channel, that is still to get priced into stock.
Further, i find the book value to be approx. rs.300.00, cmp is 430.. and hence compared to the rest of the market, UTV is one of the cheaper buys i would think, so whats the point of selling it.
Unless there is a reasonable trigger to sell, i dont see why one should sell just for the sake of it.. although the clever investors would have sold at 519 , when it touched that price recently, and now if they buy back, they are sitting on a hefty profit, unfortunately, i am not that good at investing..!!
Prabhudas Lilladher has come out with its earning estimates for Media & Entertainment sector for the quarter ended September 2009. According to the research firm, UTV Software`s September quarter sales are expected up at Rs 1,840crore on QoQ basis.
The company`s net profit is expected up at Rs 44 crore on QoQ basis
Share price of this script is oscilating between 425 to 460 roughly with suddent low or high. it only indicates that operators are playing with the stock to reduce further the floating stock and eventually take it to new high.
If what is expected by Prabhudas Liladhar
( He has been wrong several times in the past ) Q2 PAT 44Cr then UTV will zoom up in no time at all to 900 to 1000.
| NIFTY 
