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Q.

We have purchased shares of ballary steel company. now the rates have fallen what are the prospects?

About: Money

Tags: money, careers, education
Asked by vaanin, 02 Mar '10 04:00 pm
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Answers (6)

1.

This is a penny stock and is highly risky - this is no secret and everyone buying it is just a punter or trying his/her luck. However, the company and its assets including mines have value - but its not a safe investment but a highly speculative bet - which means you need to be prepared to absorb very high risks or be prepared to lose your capital.
Invest only what you can afford to lose - (say you can afford to risk Rs.1000 then expose only that much).
Answered by NASAman, 02 Mar '10 05:18 pm

 
  
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2.

It is a loss making company.Some brokers --- in the past -- floted a rumour that Mr.Mittal is going to take it over.When innocent investors like u ,purchased the shares to make a killing,the prices rose to Rs.16.Those broker conveniently,unloaded their shares.Now they carry no value.It is purely speculative.Better book loss n buy better share.
Answered by Damodar Biswal, 02 Mar '10 04:13 pm

 
  
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3.

This yr seems good for steel sector...hold it...nd maintain its average by adding share on every downfall
Answered by bharat, 02 Mar '10 04:08 pm

 
  
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4.

Very good
Answered by Soomita Gangooli, 02 Mar '10 04:07 pm

 
  
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5.

Hopeless prospects, if u dont mind
Answered by iqbal seth, 02 Mar '10 04:06 pm

 
  
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6.

I cann't see any prospect in this
Answered by uni, 02 Mar '10 04:01 pm

 
  
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