@shivanibist, u sure of sucha tremendous appreciation just because reliance has taken mere 37.7% in the company or u see Reliance acquiring it 100% in near future?
shraghu2010
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@shivanibist, But on Friday 03/07 trader's disposed their shares like hot potatoes... Are you still optimistic about Alok industries reaching 500.
shivanibist
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@shraghu2010, this LC cycle will last only for 1-2 session. You can check the P/E ratio of textile industry has reached above 6 as compared to aloks 2. Now as Alok earnings are increasing the share price should rise more than 3 times to make P/E ratio of 6 atleast. So no need to worry about LC for 2-3 days. Keep buying and collecting shares with your full strength. That's my analysis.. :)
the movement in this share was only due to sentiments not by fundamentals, now sentiments have changed and it will bring back it to sub 40 level then again it may rise
We cannot test in daily basis we invest in a company...we all know Company doing business very very good future prospects and planning of the company is osm we need to keep patience
shraghu2010
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@shivanibist, I am also hoping for the same and waiting for levels 100 to 120 to achieve.