Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

I Bought AKRUTI CITY @ 1524, now what should i do with AKRUTI CITY, can i wait? please give me some suggesion.

About: Company: Akruti City Ltd.

Asked by ankesh badamilal kothari, 31 Mar '09 03:50 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (4)

1.

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, 31 Mar '09 04:41 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

LONG WAIT ahead of you, friend. PROFIT BOOKING BY SMART PPL( FRAUD MANIPULATORS & PROMOTORS), as they have managed to TRAP FOOLISH & NAIVE INVESTORS. Nothing else. Once, the shares touch around 300-400, the downside FREEZE may open, paving way for another round of TRAPPING of DUMB INVESTORS. Pls do read my 40 + answers, esp\' in regard to AKRUTI, to understand what happened, what is happening and what is EXPECTED to happen..etc...Or mail back at rc_stocks@rediffmail.com for details.
Answered by Ramesh Chordia, 31 Mar '09 05:08 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

The Trend for this stock is looking DOWN....Logically, you should consider being short even on weak sell signals. o ensure minimum loss of capital, or to lock in your profit, it is advised that you place your stop loss if you are short, and if the last traded price is above 1277.05. This stock's last traded price is 702.6 for your reference go to http://www.vantagetrade.com:ra=31
Answered by fredfred, 31 Mar '09 04:27 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Its heard to catch the same price in coming 6 months . its not in t group where circit limit is there .well i dont aware how many u buy. but coing days is critical for maket as upper line is now over and bottom for 1000 -1500 pint will start anytime
Answered by shankarlal chhedilal, 31 Mar '09 03:59 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

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

Answered by subodh joshi