Any idea how Alok Industries is going to handle the huge debt it has on books going forward? If they pile up more debt under some subsidy programme (TUFS) to enhance their production capacity, will its discounting further suffer. What's your opinion on the company?
Someone’s sitting in shade today because someone planted a tree long time ago.
Gujral told CNBC-TV18, "I think Alok has corrected to strong supports at around Rs 28, so people who want to get back in can do that, keep a stoploss of about Rs 25 and I think you should get back to levels of Rs 38-39."
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Posted: 24/Nov/2010 at 9:45am
Originally posted by lksingh
Gujral told CNBC-TV18, "I think Alok has corrected to strong supports at around Rs 28, so people who want to get back in can do that, keep a stoploss of about Rs 25 and I think you should get back to levels of Rs 38-39."
If you want to make serious money, you will have to develop your own viewpoint rather than depend on guys coming on tv and expressing their opinion.
If you have not read up "One Up on Wall Street" by Peter Lynch, I suggest you purchase and read it and treat it as Bhagwad Gita for investment guidance.
regards
Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
I have been studying that from past one week and understanding to create my own process.
As you told no doubt its a bible for investors.
Also i dont just follow by what they show, unless and until i also study. if you see in stock synopsys details on Alok i have put and one part i have taken risk is teh debt what Alok has. But to check the way they can come back less on debt is what i am observing in this quarter and probably next quarter.
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