Selmcl

Dear all,

What about SELMCL. this share is going down daily from last 15 -20 days & comes from 700 to 200. i have 500 shares @higher levels.

Can some one help.......

Regards
Rahul

no drop in this ocean???????

well the thing is : the way it went up it has to come down in the similar fashion..few reasons for fall are :
1) if u watch the stock movement closely its not hard to say that operators are actively playing part in it...
2) the IPO was out at 90 rs (approx) and the fundamentals says it was 3xPE
price listed...so expensive stock
3) capitulation being going on ..i.e at each deep ..retail investor are exiting the stock(even the current share holding ratio by promotors of the stock is
60 %)
4) it exports garments and fabric yarns to EU ..mainly russia...and u must be aware since the conflict between georgia & russia started it has being continously hammered downward...
so over all smcl has been overestimated and prey to circumstances...
but yesterday it announced 500 crs rupees...textile park in himachal pradesh..and few more investment..also the company management has announced that despite of war conflict the orders for russia are intact ...
so best wishes to you..
regards
harsh

jump from 157 to 207, surely operator based