Akruti City Crashes by 28%
While I write this post on Friday Evening 20th Mar 09 , Prices of Akruti City has crashed by 28% , and may even fall more . This is happened because SEBI
banned it from F&O from next month . In my previous post I
mentioned that retail investors must stay away from these kind of
companies . The scrip has gained more than 250% from Jan 09 , and has
doubled in just 5 sessions . this kind of behaviour is unjustified and
hence it had become a dangerous scrip to trade in .
Company has nothing fundamentally Strong in it and hence can see sharp fall after this steep rise .
In my earlier post I had mentioned about this , Read it here
Though the reasons are not directly related to company inside news or anything . the point is simple , Whenever it comes down , it will be a heavy move and it has happened . Any one who had invested 1 lac a day before has now worth of Rs 75k. It may go further down or again go up . that's is not the point .
The Point is Was it a Good investment ? Think :)
Read detailed new about Akruti City's Drop in Prices here
Read Is Direct Equity for you ?
To read some of the best articles of this blog , read this
Company has nothing fundamentally Strong in it and hence can see sharp fall after this steep rise .
In my earlier post I had mentioned about this , Read it here
Though the reasons are not directly related to company inside news or anything . the point is simple , Whenever it comes down , it will be a heavy move and it has happened . Any one who had invested 1 lac a day before has now worth of Rs 75k. It may go further down or again go up . that's is not the point .
The Point is Was it a Good investment ? Think :)
Read detailed new about Akruti City's Drop in Prices here
Read Is Direct Equity for you ?
To read some of the best articles of this blog , read this
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