Day Trading Stocks & Futures

travi

Well-Known Member
Any views on Concor for medium term??

Concor shares plunge 18% after posting 76% drop in Q1 profit
Total income during the April-June period of the current fiscal dipped to Rs 1,251.50 crore from Rs 1,722.79 crore in the year-ago period

https://www.business-standard.com/a...drop-decline-in-q1-profit-120081000318_1.html
I've learnt here that one should avoid Sarkari stocks and Medium term falls in that category. short/pos is still ok. I have an exception of holding IRCTC.

Apart from that, it has a niche business and its critical too. Covid shutdown has affected it more than any fundamental problem.
So buying low in this one isn't a bad idea.
Sarkari businesses have the advantage of unlimited oxygen supply.
 

siddhant4u

Well-Unknown Member
AMC's soon will be in trouble...

https://www.livemint.com/market/sto...w-in-over-6-years-in-july-11597055021857.html

Inflows into equity schemes have been slowing down after the robust net of ₹12,175.04 crore seen in March. In June, net inflows were at ₹240.55 crore, the lowest in 51 months. In July last year, these funds received ₹8,133.21 crore worth of net inflows.

Last month, redemption pressure deepened while contribution from systematic investment plan (SIP) continued to dwindle. Net redemptions in equity mutual fund schemes rose to a four-month high of ₹16,622.01 crore in July, up 22.9% from ₹13,520.03 crore in previous month and from ₹12,173.81 crore in the year-ago period. SIP inflow fell to ₹7,830.66 crore in July from ₹7,927.11 crore in June.
 

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