Navneet Publication ( - 50 Rs /Share)

Previous Close ( September 7 ) 97

Current Price ( September 8) 42

Why the decline???

Any Idea ??

Thats because The company board has approved 3-for-2 Bonus share Issue, according to CNBC-TV18 report. So thats why the price adjustment. Today is the ex-bonus date. If you have it, soon the bonus shares will come in your demat account.

Regards,

Talisman Thanks!!

Is it advisable to buy this stock?

no company wud fall that much in a day w/o even a reason.

See, I am no expert but as far as I know and going by the fundamentals, company is strong and is a safe investment. But normally when a sock splits, share price maintains a negative bias for few days or just moves sideways. Thats just my observation. You could see that in Bharti or TCS where split/bonus took place recently. So probably you could wait for few days and then take a fresh look at it.

Regards,

Add to it....reason like raju and all :rofl:


Btw do all stock has circuit or only some.....i guess some becoz satyam felt frm 120 to 6 in 1 day right ?

Circuit filters have nothing to do with Satyam fiasco. That was one-off case.
Stocks in the Nifty and others who have have Future contracts (You can get a list in Nse website) do not have any circuit filters.

The filter keeps changing and mostly the purpose of it is some of the stocks are low float and more prone to being manipulated by operators. So thats why the circuits.