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Stock Synopsis
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Stock Synopsis
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shadows
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Quote shadows Replybullet Topic: Genus Power
    Posted: 03/Nov/2009 at 3:51pm
This one is cracking down very fast.does anybody have a clue about this script.
I bought this  for medium to long term investment  roughly at  190. thinking a good fundamental stock and mutual funds interest in it

anybody here from the place where IOC rigs fire accident place.where can i average it now..................Ouch or the chapter is ended for this one.

please give me ur valuable ideas




Edited by shadows - 03/Nov/2009 at 3:54pm
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neerajlulla
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Quote neerajlulla Replybullet Posted: 03/Nov/2009 at 3:58pm
at 100
buy and forget for long term
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shadows
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Quote shadows Replybullet Posted: 03/Nov/2009 at 8:48am
hi neeraj do u really feel it will go to 100and sub 100 levels considaring the fundamentals
and mutual fund holdings....................thanks
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shadows
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Quote shadows Replybullet Posted: 03/Nov/2009 at 8:52am
Hi basantji, please give me ur openion on this script.
In my view it's just a panic selling and nothing more.because of fire caught in one area of its plant wont affect all it's production.  
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hit2710
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Quote hit2710 Replybullet Posted: 03/Nov/2009 at 9:16am
Sharekhan has suspended its coverage on scrip because the fire in jaipur has affected its production facility which contributes 40% to its topline and which could lead to production losses in Q3fy10 and beyond.

The time period for which production would be affected and the amount recovered through insurance claims is uncertain and hence there is likely to be no new triggers in the stock in the near term.
Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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shadows
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Quote shadows Replybullet Posted: 03/Nov/2009 at 10:03am
Thanks for the info HitBhai OuchOuchunlucky news for the shareholdersDead
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shadows
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Quote shadows Replybullet Posted: 03/Nov/2009 at 10:05am
i dont want to book 25%-30% losses in this one.I will hold onto it
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basant
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Quote basant Replybullet Posted: 03/Nov/2009 at 10:12am
While I have zero idea on this one but if you see the fundamentals not being according to what you envisaged there is no crime/harm of taking a small hit. Waiting for the price is like shitting at the seashore and waiting for the high tide to come! I have done those kinds of things long time back and know how painful it is!

The prudent thought is to take the money out and put it in better opportunities (greener pastures).

......... But on a general note one time events should be evaluated as do they have a threat of permanent loss of business or just a temporary one in the case it is temporary then it gives us a chance to bet more.

Did they have an insurance underway?





Edited by basant - 03/Nov/2009 at 10:14am
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