Orient Bell recommended @ Rs.90 which later hits a high of Rs.110 and currently trading @ Rs.71. Due to higher interest rate and over all recession ,the entire property development activities going through tough times.This may impact the working result of entire companies in this sector.Those who are not interested to take higher risk and not willing to hold it for long term may book loss @ CMP Rs 71 and consider a re-entry when there is some improvement in this sector
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Hi VP,
ReplyDeleteWhat is your take on the results of Va Tech Wabag considering the global situation and being a global leader in its technology.
I have a sizable holding in this counter for long term.
Regards
Naveen
Hold Va Tech Wabag
ReplyDeletecan we enter Orient bell at cmp ?
ReplyDelete