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Q.

Public had a very good HOPE on Engineers India Ltd. when they gave that fabulous dividend, stock split and bonus. After touching a figure of Rs.475/- or so ex-bonus and ex-split, the scrip has nose dived to around Rs.300/-. The Public has lost heavily. Is there any hope for this scrip to regain the lost ground ? Or has the government taken us all for a joy ride ?

About: Money

Tags: india, money, education
Asked by gopalakrishnan caruthedath, 27 May '10 03:46 pm
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Answers (3)

1.

I have much better options thn these dud scrips..I would advice against trading esp intraday. No one makes money in intraday over long term. Instead invest like RJ or WB, medium term investments jaihind projects, confidence petro, dmc, etc. for live discussion add my yahoo id ashiqueabrar
Answered by ashique abrar, 27 May '10 07:35 pm

 
  
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2.

Yes, they have done it as you say, they have also done the same thing with nhpc and sutlej nigam. will never touch goct shares again
Answered by iqbal seth, 27 May '10 03:49 pm

 
  
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3.

I think the scrip still has value as it is a good profit making company.Perhaps the weakness of the stock market and a FPO in the planning the prices have gone down.Let us hope for the best for a long term horizon of 12 to 18 months.I am also holding the stock purchased ar Rs2155/-.
Answered by HEMANT MEHTA, 27 May '10 03:48 pm

 
  
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