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Q.

Should i invest in akruty at this rate

About: Company: Akruti City Ltd.

Asked by pooja, 26 Mar '09 12:38 pm
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Answers (8)

1.

Keep away
Answered by Sunil Kumar, 09 Jun '09 07:25 pm

 
  
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2.

Akruti is a Bombay based realty company. Here are some facts about company. Company is well concentrated in building related projects and also western part of Maharastra (Around Bombay). These two facts make t a risky investment because of little diversification. This is well reflected in their financial numbers of last quarter, their revenue came down by 75%. Their revenue will not able to cover interest cost (revenue 48 Crore, interest 50 Crore). Now one can understand the severity of problem.

Second from the perspective market cap, which is very high, more then 6500 Crore. I am not sure why it is so high, i could not figure out why. Might be they own a land bank, but in todays market it is difficult to value those land bank. If one goes to http://www.askkuber.com/Kuber/jsf/SC/ExploreCompany.jsp [^] and search for companies in Construction industries with Market Cap more then 1000 Crore, and after that compare DLF, Unitech, India Bulls and Akruti they are the costliest. Also i saw ...more
Answered by subodh joshi, 27 Mar '09 12:11 pm

 
  
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3.

Sad to see, investors ready to throw their money. Could it be GREED or IGNORANCE driving them..It is only abot 17.5 % down for the day. Very soon,(from tomorrow there is no F & O to jack up the prices) from tomorrow, it is into T-T group, meaning compulsary delivery. So, soon, you can see, less than 4 digits and hopefully, 400-500, even which may be too high for the kind of working this company shows. ENJOY....(PN : don't forget to read my Q &A , specially about AKRUTI...written several days ago)... My humble suggestion would be to play safe, as you are here to invest, and not GAMBLE AWAY...
Answered by Ramesh Chordia, 26 Mar '09 02:02 pm

 
  
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4.

Keep away
Answered by RSehgal, 26 Mar '09 01:33 pm

 
  
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5.

Only if you want to see your money disappear!
Answered by Lavin Mansukhani, 26 Mar '09 01:14 pm

 
  
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6.

It looks good but its because today is the F&o expiry
but wait for some days as there were some problems with it so sebi had given some statement abt it
Answered by niraj kumar, 26 Mar '09 12:42 pm

 
  
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7.

Not now
Answered by sunil matiyan, 26 Mar '09 12:42 pm

 
  
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8.

Pooja wait till 3.30pm
u will get it in cheaper rate
Answered by SUBHASH PAWAR, 26 Mar '09 12:42 pm

 
  
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Akruti is a Bombay based realty company. Here are some facts about company.Company is well concentrated in building related projects and also westernp..more

Answered by subodh joshi