buy manali petrochem @15

#4
OK, here's the dirt on Manali Petro:

P/E 2.22
52 Wk H/L 16.3/3.2
Market Cap 16.6 Cr.

A Petro Company with a market cap of 16.6 Cr......

Sounds shady....
 
#5
An option to this would be Tamilnadu Petro, trading at about 20 bucks, market cap about 180 Cr., known to give good dividends.....
 
#6
Hi Uday, Its bullish in short term. I am not sure of the fundamental stuffs that you posted here. I am just looking at the charts.
Its 1 week return is close to 6%. My target is 17 in a weeks time.
Regd Tamilnadu Petro ..its bearish in short term.. plz follow the market prices in coming days n u will know what i m speaking about.
I am sure of what i am saying.
 
#8
Hi young genius,

Short term capital gains could well be given by this share is what you are saying. Fair enough.

I was looking at a more long-term perspective.

Uday.
 

sh50

Active Member
#10
I think Uday has a valid point. I know three well known traders who advice staying strictly away from midcaps. I also know some other people who have made a fortune in such shares and there are any number of lost fortunes on what happened when tech boom busted.

One CNBC speaker recently told me that unless a small company becomes a resonably large company and continously remains in limelight/scruitiny, it could be suicidal. Unless you know the management personally.

Why should ppl advice buying blue chips on dips otherwise.
 

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