Burnpur Cements

#9
Is there any reason to sell?
Some Of the reasons ::

1) Very poor fundamentals
2) Much better scrips available in the same sector
3) Highly speculative counter ,, the volumes on a daily basis is many times more than the floating stock , clearly indicating rigging of prices by few big operators ,,,
4) Very poor delivery volumes 8 - 12 % indicating that the volumes are being generated by big hands who are buying at lower levels and squaring off majority of the shares by end of day ,,,when these guys start selling the remaining portion it might be difficult to sustain these levels ,,,,
There have been many similar cases in the last six months where cos with pathetic fundamentals have gone up 4 a couple of days before fizzling out completely ( eg : Netflier , hilton metals ,,, etc )

Therefore no question abt it ,,, this scrip is a strong sell 4 whoever is holding it ,,,,
 
Last edited:
#10
Some Of the reasons ::

1) Very poor fundamentals
2) Much better scrips available in the same sector
3) Highly speculative counter ,, the volumes on a daily basis is many times more than the floating stock , clearly indicating rigging of prices by few big operators ,,,
4) Very poor delivery volumes 8 - 12 % indicating that the volumes are being generated by big hands who are buying at lower levels and squaring off majority of the shares by end of day ,,,when these guys start selling the remaining portion it might be difficult to sustain these levels ,,,,
There have been many similar cases in the last six months where cos with pathetic fundamentals have gone up 4 a couple of days before fizzling out completely ( eg : Netflier , hilton metals ,,, etc )

Therefore no question abt it ,,, this scrip is a strong sell 4 whoever is holding it ,,,,

Thanks for this info friend.

Appreciated.. :)
 

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