techno_funda_guy

blil after dividend ex date sept 20 best to take

Long
BSE:BLIL   BALMER LAWRIE INVESTMENTS LTD.
blil after ex date of sept 20 will fall 40-80 rupees price may come to 370-400 that is best to accumulate if you want dividend can take or just exit now and take later at lower price
you can consider bpcl also along with blil as a pair swap , if you take bpcl dividend will be 58 rupees and bpcl might fall to 400 also then we can swap to blil resulting in higher dividend ,so after taking dividend rest can be shown as loss which can be also used for book adjustments
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Comment:
now it is best time to accumulate
Comment:
yeah today volumes are good ,today balmer lawrie short up 8% as many expecting good business growth for balmer lawrie ,and no news related blamer lawrie investments however volumes are good , but stock did not move much currently in accumulation phase we can see after peanut ( triangular breakout) downwards due to dividend , as expected broke towards low and fallen 40 points around as dividend is around 40 last time , currently good to accumulate on sip basis but cannot estimate when the company will be sold of or they will declare merger or bonous but annulazied capital is ready for that so any movement or over night they may declare i think smart money is accumulating that is why volumes are happening however at current price its safe to buy and blil does not react to market conditions ,it a mountain that does not move , i think soon or later for sure privitisation will happen ,i think it might take between 1.5 year to 2years currently no chart patterns seen but today rise in volumes is a good sign can keep on sip in this stock good for sip with fd return in some or other year will declare something which may result in 100%-200% price shot up ,,
Trade active:
guys follow 200 dma as long it does not break 200 dma on daily time frame rally is likely to continue
Trade active:
Balmer Lawrie & Co. Ltd. has approved setting up a 200 KLPD 1st Generation Grain Based Ethanol Plant in Andhra Pradesh. The estimated investment for the project is around Rs. 339 crore, to be funded by a mix of internal accruals and debt. The project aims to support the E20 EBP Program of the Government of India and enter the rapidly growing bio-fuels sector. This move is expected to provide lucrative returns and contribute to sustained growth in turnover and profit.

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