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Emerging companies - Mid caps that can become large cap
The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Emerging companies - Mid caps that can become large cap

Topic: PI INDUSTRIES LTD.

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kailasp4u
Senior Member

Joined: 30/Mar/2009
Location: India
Online Status: Offline
Posts: 128

Posted: 08/Aug/2011 at 9:08pm

Originally posted by hit2710

PI INDUSTRIES DAILY CHART SHOWS A CRUCIAL RISING GAP BETWEEN 970-989 LEVELS. THIS IS AN AREA OF SUPPORT TO LOOK FORWARD TO. IF STOCK CLOSES BELOW GAP AREA FOR A COUPLE OF SESSIONS THEN WE MIGHT BE IN FOR PROLONGED CONSOLIDATION. OTHERWISE UPTREND MAY BE INTACT. ALSO NOTICE THE PROLONGED CONSOLIDATION FOR MORE THAN THREE MONTHS PRIOR TO THE BREAKOUT WHICH LENT STRENGTH TO THE BREAKOUT.

High-Low-Close on 5th August 2011 == 986-930-956

High-Low-Close on 8th August 2011 == 979-905-948.55

Is it technical break-down leading to long consolidation. Although fundamentals dont change in 2 days, liquidity and sentiments may!

knp

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anthro
Senior Member

Joined: 12/Oct/2007
Online Status: Offline
Posts: 166

Posted: 11/Aug/2011 at 2:31pm

http://www.indiankanoon.org/doc/979870/

Does not past promoter actions give sufficient indication of lack of promoter integrity.Above Sebi order on PI industries of 30th August 2002 speaks about how promoters wanted to buy out 949 public shareholders at Rs.17 per share when book value was Rs.109 per share citing among other things reasons like poor industry prospects.

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Jaishrikrishna
Senior Member

Joined: 06/Sep/2008
Location: India
Online Status: Offline
Posts: 1132

Posted: 12/Aug/2011 at 7:16pm

The company has got noticed by an fii (J P MORGAN SEC LTD A/C COPTHALL MAURITIUS INVEST LTD) , who has just purchased 165541 tickets today.

Edited by Jaishrikrishna - 12/Aug/2011 at 7:24pm

Don't Buy and Hold, Buy and Homework / Fish see the bait,but not the hook; Men see the profit, but not the peril.

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manish_okhade
Senior Member

Joined: 20/Oct/2008
Location: India
Online Status: Offline
Posts: 1997

Posted: 12/Aug/2011 at 8:50pm

Hit Bhai is our small cap Fund Mgr, pata nahi kaha kahan se GEM search karke laate hain :-).

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Supermanglide
Newbie
Newbie

Joined: 15/Aug/2011
Location: China
Online Status: Offline
Posts: 4

Posted: 15/Aug/2011 at 8:14am

Hitbhai's recos are usually huge hits.

Cheap Gucci Shoes
Cheap Gucci Boots

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Noodle
Newbie
Newbie

Joined: 10/May/2011
Location: India
Online Status: Offline
Posts: 28

Posted: 16/Aug/2011 at 11:59am

Kya hua aaj? 50% down. Operator's loading on? or MF to buy at lower prices? Hitbhai, help.

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shontou
Senior Member

Joined: 04/Aug/2011
Location: India
Online Status: Offline
Posts: 865

Posted: 17/Aug/2011 at 12:01pm

FACE VALUE SPLIT FROM RS.10/- TO RS.5/-
For God's sake do not panic!

Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?

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hit2710
Senior Member

Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013

Posted: 17/Aug/2011 at 1:32pm

Originally posted by Noodle

Kya hua aaj? 50% down. Operator's loading on? or MF to buy at lower prices? Hitbhai, help.

Split from Rs 10 to Rs 5 effected from today.
There seem to be unusually high vols here.
No need to panic. Just multiply the price by 2.

In one of my demat accounts, the no of shares have doubled while in other they have yet to be adjusted.

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.

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