Genus Power
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2499
Printed Date: 21/Apr/2025 at 3:10pm
Topic: Genus Power
Posted By: shadows
Subject: Genus Power
Date Posted: 03/Nov/2009 at 3:51pm
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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..................  or the chapter is ended for this one.please give me ur valuable ideas |
Replies:
Posted By: neerajlulla
Date Posted: 03/Nov/2009 at 3:58pm
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at 100 ------------- buy and forget for long term |
Posted By: shadows
Date Posted: 03/Nov/2009 at 8:48am
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hi neeraj do u really feel it will go to 100and sub 100 levels considaring the fundamentals and mutual fund holdings....................thanks |
Posted By: shadows
Date Posted: 03/Nov/2009 at 8:52am
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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. |
Posted By: hit2710
Date Posted: 03/Nov/2009 at 9:16am
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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. |
Posted By: shadows
Date Posted: 03/Nov/2009 at 10:03am
Thanks for the info HitBhai unlucky news for the shareholders
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Posted By: shadows
Date Posted: 03/Nov/2009 at 10:05am
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i dont want to book 25%-30% losses in this one.I will hold onto it |
Posted By: basant
Date Posted: 03/Nov/2009 at 10:12am
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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? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: shadows
Date Posted: 03/Nov/2009 at 10:51am
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thanks for giving ur view Basant ji, but how can we know abt. the insurance coverage!!! iam searching for this on net. iam hoping that they insured all the things and this is a temporary setback and is a chance to bet more. it comes around 3% of my portfolio. they have filed a case against IOC..........................for criminal negliency. |
Posted By: basant
Date Posted: 03/Nov/2009 at 11:25am
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Pick up the phone and call them up? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: shadows
Date Posted: 04/Nov/2009 at 12:11pm
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good idea.......but i have not done anything like this b4. hesitating a bit to call them up. |
Posted By: shadows
Date Posted: 04/Nov/2009 at 1:41pm
| i mailed them at Investor Grievance....hope they will answer |
Posted By: neerajlulla
Date Posted: 04/Nov/2009 at 8:34pm
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I THINK HOLD FOR LONG TERM ------------- buy and forget for long term |
Posted By: shadows
Date Posted: 03/Dec/2009 at 12:37pm
Equally Well bounced from the low to my bought price. Patiency paid off this time 
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Posted By: shadows
Date Posted: 03/Dec/2009 at 12:38pm
I haven't got any reply mail from them 
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Posted By: shadows
Date Posted: 19/Jan/2010 at 10:07pm
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sold in a bit of profit.......................Genus Power.
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Posted By: muralimohan001
Date Posted: 25/Jan/2010 at 7:38pm
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Bought today @179. ------------- If money is your hope for independence, you will never have it. The only real security that a man can have in this world is a reserve of knowledge, experience and ability. |