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Moneycontrol
irfaninvest
New Member

24 Messages

I had exited entire 100% shares and reentered around 20% shares in this stock post Q4 results. There are a couple of concerns for me 1) Book value change from -154 to -215 which translates to company value of -215*63 = -13545 cr. 2) Nifty is trading at a PE of 29(higher end) and usually the market doesn`t hold this level for too long. If the market starts falling then this stock could also fall so i can reenter at 8 or 7 otherwise i can make profit with the 20%. Right now its important to save capital and also this was the only stock in my portfolio. As for as long term, I am still very bullish for this stock(1 to 1.5 yrs). Anyone whose avg is above 10 or whose portfolio is diversified they should continue holding since they will eventually get profit as this company reduces its debt. As far as new entry is concerned we need to be a bit careful because the overall market has reached to near pre covid levels in contrast to ground economic conditions. So chances are we may get same quantity of shares at a lower price.

12.28 AM Aug 3rd
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