I was holding this stock for near 2 years. Then seeing that it is stuck like forever, I exited at loss.
GDL presently would become a buy only abv 117.5 and hold abv 122.5. Else one may hold forever.
The euphoria after IPO is over and depending on promoters direction, this could also be another one of the many, any which way stock. It appears there is no operator interest, except once in a blue moon.
Apply strict SL if it breaches 117 in near future after it moves up.
There are much better stocks with lower PE…
With a BV of 66 and div yield of over 3% may be the reason for MF’s interest.
I would prefer to stick with core industries rather than consumer linked industries even indirectly.
Please look at cos, which had an IPO at least more than 5 years ago and equity expansion (Splits/rights/
From:
Sent: Wednesday, June 16, 2010 11:08 PM
To:
Subject: Re: [sharetrading] 40 lakhs shares bought by Mutual funds - stock to buy
hi
try uflex instead.
its not that gateway distripark is a bad company but uflex is more mature company than gateway distripark nad fund managers prefer mature companies.
also uflex is a bit unresearched stock. and its pe is in the range of 6-7.
thanks
regards
kartik
From: selvakumaran dhandapani <finizard@yahoo.
To: ways-2gain@yahoogro
Sent: Wed, 16 June, 2010 10:02:45 PM
Subject: [sharetrading] 40 lakhs shares bought by Mutual funds - stock to buy
| 40 lakhs shares bought by Mutual funds - stock to buy gateway Distryparks: 1.mutual fund holding 40 lakhs shares increased in May 2010. year high : Rs 141 year low : Rs 84.6 current price : Rs 120 Sector P/E: 37.9 company P/E : 16.6 it looks good stock to buy?!! till now stock has not performed with the market. buy on dips. any time stock price may explode. |
Happy Trading,
United we grow!!!
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