With effect from April 27, Vulcan Engineers and EPC Industrie will be shifted to 'T' Group and would attract a circuit filter of 5%. This decision will not make any material change in Company's fundamentals and only because of price movement .For more details about the Criteria of Group Change - Click HERE.
It looks like there is panic because of shift to group 'T', people are selling and stock is down by 7% today.
ReplyDeleteSome people always investing in 'Market' not in a 'company' :(
ReplyDeleteHi,
ReplyDeleteI've done investment in the same stock i.e. Vulcan Eng. Brought 500/- No of Eq. Share at a handsome average price of Rs.46.78/-.
I am curious to know that is the same stock will come at the price that I have Purchased Or its a dead investment for ___?? period of time??
Waiting for your valuable reply...
Dear Friend
DeleteIn my posting about this company ( http://value-picks.blogspot.in/2012/04/vulcan-engineers-ltd-potential.html) I clearly mentioned that it is only for long term .Then I can't understand how you are asking about it just after 6 months.As you know the capex by cos are very low in recent times and all engineering cos are facing lower order intake.If you are not in a position to hold it atleast 3-5 years better to book loss.