Karvy have given a target of 852 for Concor with under performer rating . The stock price has come downfrom about 1180 to 1140 today while the company aord is in meeting today to discuss 2nd qtr results . I am very optimistic about the company but the above input and observation is upsetting . Does anyone know the truth?
Bansi,
Just ignore Karvy`s target.They always do this when ever they want to accumulate.
The delivery position of this stock is 90%+ everyday.You may sell it at it`s yearly high, but buy back immediately.Public owns only 19% of this stock.Hence it is so illiquid.This stock is like Wipro or wyeth.Same Baliga of Karvy has given a target 340 for Tata steel.
Just ignore and have faith in Concor because you are owning a business as good as INDIAN RAILWAYS!
Happy investing
You are absolutely correct, this stock i am tracking last 3-years, it gives me every time good return, KARVY`s prediction always make when they want to buy that share, there prediction always goes wrong.
Have faith, this will be a very good return share.
Donot worry, have patience, nothing going to happen after 2~3 month you will see tis stock at 1600+, company have good profit(~23%) in this slow economi, no company have such great results.
Ignore all false predictions
In my opinion, Baliga and Karvy guys are big jokers. In fact most of the guys coming on tv are jokers. I think most neutral views are from Udayan and Lata. Most of the brokers can be flushed down the toilet.
100% agree with u all are jokers on tv just do what u feel what is right in the market goldman sach had give a sell on ongc with tgt of 550 in march and just see now @ 1200 levels .CLSA also said sell on satyam but buy satyam @ current levels . mahindra`s will merge it with Tech Mah in 2 years.
I agree with you. It is our money and nobody is going to be as responsible or passionate as we individual are. Individual investors (who know ABC of investing) have performed much better than star fund managers. Who take holiday in Hawai at individual investor expense. I would like to have an holiday Hawai. Looking forward to read a book called - Where are the Customers` yachts. In my opinion, Customer is who dies of Kast (Hardship).
| NIFTY 
