Q -Another Rare Indian share , Pilani investment is now coming down to lower levels in BSE now at sub Rs1600 levels.No Takers? Why ?
A Blog Reader
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The Listing was rigged and this was bound to happen. Same will happen with BNL and PNB once the Delhi and Mumbai broker lobby pulls out.
Satyakam Mishra
reachsatyakam@gmail.com
http://equityconnect.blogspot.
A Blog Reader
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Satyakam Mishra
reachsatyakam@gmail.com
http://equityconnect.blogspot.
3 comments:
I agree with Mr Satyakam's views. We know who is buying the stock. Same old broker lobby from Delhi who took the price high and now is again indulging in same tactics. They are one with the establishment and maintaining of monopolistically high price.
Unfortunately every one is happy since they see high price but someone at some point of time will have to pay for this. Pilani was a good example.
I had been convincing the sellers to sell off but they are too greedy to pay any need. No Holdings company trades at more then 1/3 of book value of holding so this theory proves correct.
The question here is what is the value of the holding company as it holds shares in an unlisted comapany. As i understand, Bharat nidhi owns 25% of BCCL (Times of India) abd the net profit of BCCL is more than 100 times the paid up capital of BNL every year.
I THINK SOME BROKER ARE INTERESTED TO BYE BHARAT NIDHI LIMITED AT LOW PRICES, AND THEY USED DIFFERENT I.D AND DIFFERENT NAME
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