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Q.

Areva T &D India reported over 250 % increase in their Q3 profits. But the share price is still languishing at the old Rs 295 levels. In there any deliberate attempt by vested interests to artificially suppress this share price till the open offer to the public to buy back their shares by Snedier and Alstom happens in order to make a killing then? Should not SEBI intervene to protect the hapless shareholders in the present situation? Your views?

Asked by Good Citizen, 02 Nov '10 11:31 am
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Answers (1)

1.

You are right. Hold your stock and if possible, buy more at every dip. A year back or so, the market behaved in the same way in the case of Apollo Tyres and Gitanjali Gems etc. Expecting Sebi to intervene will not materialize.
Answered by Dharmarajan, 02 Nov '10 11:37 am

 
  
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