InvestorQ : any insight on the huge runnup 7nr retail? the stock moved from 12 rs to 190 in a span 8 months. now there is an SMS doing rounds that it will hit 500+ in 4 months! what's the rational
anik made post

any insight on the huge runnup 7nr retail? the stock moved from 12 rs to 190 in a span 8 months. now there is an SMS doing rounds that it will hit 500+ in 4 months! what's the rational

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3 years ago
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I am not sure where you get this kind of information from but most likely these are just a bunch of operators who build a story then sell the story to small investors and get out of the stock, leaving you holding the paper. Be very careful of such stories that keep floating around on SMS and WhatsApp.

If you look at the stock fundamentals, it is a company with full year sales of Rs.1.32 crore last full years. That is tiny for a retail company. Also the EPS last year was around 0.20 paisa so you are looking to buy at stock at 1000 times P/E and hoping that it will go to times P/E. Think about it, if you really want to take this kind of risk.

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