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Financial Chronicle » Stock Market Talk » PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

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321PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 12:25 pm

chanakast


Equity Analytic
Equity Analytic
@invest thinker wrote:

chanakast



,v

did you see other big selling orders. answer is no.. why people didn't understand their dirty games. they panic retailers. so sad..
Yes bro ... Panic sellers are always ended up with losses. we cnt do anything for tht.

invest thinker likes this post

322PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 12:33 pm

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Glass is back on track now ! I think panic selling is over. I too entered again.

Edit - I see a reversal happening now. More buying pressure.



Last edited by Mithooshan on Fri Oct 16, 2020 12:53 pm; edited 4 times in total

323PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 12:36 pm

chanakast


Equity Analytic
Equity Analytic
@Mithooshan wrote:Glass is back on track now !
yes. Journey to 10++

324PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 1:59 pm

dayandacool


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
6.70 was a good place to enter with a tight stop loss. 38.2% fib level (May low to October high) Very Happy

325PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 2:03 pm

invest thinker


Manager - Equity Analytics
Manager - Equity Analytics
no loss still more profit. Very Happy Very Happy

326PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 2:06 pm

Mr. X

Mr. X
Manager - Equity Analytics
Manager - Equity Analytics
it's time collect for next run.

invest thinker likes this post

327PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 2:12 pm

invest thinker


Manager - Equity Analytics
Manager - Equity Analytics
i got it Smile Laughing

328PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 2:18 pm

chanakast


Equity Analytic
Equity Analytic
@Mr. X wrote:it's time collect for next run.
Yes, im keep collecting

329PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 2:33 pm

nkbakon


Stock Trader
Very Happy Very Happy Very Happy Very Happy

330PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 2:40 pm

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@chanakast wrote:
@Mr. X wrote:it's time collect for next run.
Yes, im keep collecting

I collected today as well. I think price is settling at Rs.7.10-Rs.7.30 before the next run. Good consolidation happening yesterday and today. With good volumes.

*Not a buy or sell recommendation.

331PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 3:21 pm

chanakast


Equity Analytic
Equity Analytic
@Mithooshan wrote:
@chanakast wrote:
@Mr. X wrote:it's time collect for next run.
Yes, im keep collecting

I collected today as well. I think price is settling at Rs.7.10-Rs.7.30 before the next run. Good consolidation happening yesterday and today. With good volumes.

*Not a buy or sell recommendation.
Yes.... 

Buy or Sell its up to u.. We should not panic. This will definitely pass 10.00

sapumal 123 likes this post

332PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 7:26 pm

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 2f75c310

Glass was purchased by Foreigners or foreign living Srilankans today. Around 550,000 shares @ Rs.7.10.

*Working was copied from TEC

333PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Fri Oct 16, 2020 11:00 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Mithooshan wrote:PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 2f75c310

Glass was purchased by Foreigners or foreign living Srilankans today. Around 550,000 shares @ Rs.7.10.

*Working was copied from TEC


dont worry 
1)market in uptrend...
2)Profit making Company
3)foreign collection
4)Interest rates low
5)new share holder will need more profit and possible to invest more money

this is good counter to collect..

this is my view. please give me your ideas.....

334PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 12:51 am

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This gave us a good profit,I also noticed people collected this at 8.80 also.we don’t know anything about deal or future price appreciation.compare other stocks this really had a reason to rise up.collecting or holding up to you guys.anyway it’s really good habit to realize profit when you have(telling with past experience)😊😊

Mithooshan likes this post

335PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 2:45 am

thananjey


Equity Analytic
Equity Analytic
@Mithooshan wrote:
@chanakast wrote:
@Mr. X wrote:it's time collect for next run.
Yes, im keep collecting

I collected today as well. I think price is settling at Rs.7.10-Rs.7.30 before the next run. Good consolidation happening yesterday and today. With good volumes.

*Not a buy or sell recommendation.
 HOW TO DECIDE A SHARE IS AT CONSOLIDATING LEVEL?

336PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 6:49 am

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@thananjey wrote:
@Mithooshan wrote:
@chanakast wrote:
@Mr. X wrote:it's time collect for next run.
Yes, im keep collecting

I collected today as well. I think price is settling at Rs.7.10-Rs.7.30 before the next run. Good consolidation happening yesterday and today. With good volumes.

*Not a buy or sell recommendation.
 HOW TO DECIDE A SHARE IS AT CONSOLIDATING LEVEL?

A share which consolidates usually have a support and a resistance level and does not give opportunities for trading. It will be trading with a small price gap. (ideally 10 cents to 20 cents)

After the consolidation it will breakout. It can be either positive or negative and when you are investing at a consolidating stock you need to be careful and study the fundamentals of the company so that you know whether this has a reason to go down or up.

So when it comes to GLAS, Yesterday within first half hour price went to Rs.6.70 as @Engineer predicted due to profit taking of retailers who might have purchased below Rs.5.

Then it climbed to Rs.7.30 where a resistance is seen. Due to resistance price dropped but there was a good support at Rs.7.
That is why i said share is consolidating.
We could confirm this is on Monday. If this is indeed a consolidation my view is that share price should move up and not down because share price’s upward movement was backed with strong financials published

Additional Information:
*Almost 110Mn shares traded above Rs.7.20 (13th - 16th)
***For the last 30Days total volume traded was around 220Mn
***More than 50% was traded above current market price
****No director selling (PAP and RAL directors realized their investments at good prices to that of their purchase price)

Source - Investing.com mobile app

(New investors please do not take risk and watch the trading pattern on Monday to learn opportunities and identify how a breakout happens)

vikey, glad, samaritan and lal62 like this post

337PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 7:46 am

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@hiransilva23 wrote:This gave us a good profit,I also noticed people collected this at 8.80 also.we don’t know anything about deal or future price appreciation.compare other stocks this really had a reason to rise up.collecting or holding up to you guys.anyway it’s really good habit to realize profit when you have(telling with past experience)😊😊

I agree with @hiransilva23 - When there is a good gain, better to realize profits because from my experience majority of the stock market moves that way. Hence, if you sell with good profits there is a possibility of buying back too at a cheaper price. It might happen or not happen yet i too am of the view that better to sell if you have a thumping profit. Market will definitely will not fail to give you another opportunity 🙂

*Please go with the strategy that has worked for you. Above is my view only. If a strategy has worked for you in the past without any hiccups there is nothing wrong in continuing the same strategy

hiransilva23, Thush123 and shyamalbandara like this post

338PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:05 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
 Year End Profit CentsStock Price High
20116112.4
2012726.5
2013764.8
2014306.8
2015467.1
2016696
2017506.3
2018365.9
2019364.6
2020above 1.2?

shyamalbandara and invest thinker like this post

339PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:11 pm

Master D


Manager - Equity Analytics
Manager - Equity Analytics
@stockback wrote:    

































 Year End Profit CentsStock Price High
20116112.4
2012726.5
2013764.8
2014306.8
2015467.1
2016696
2017506.3
2018365.9
2019364.6
2020above 1.2?
Those who have had the nerv to hold will have a final laugh Wink

340PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:15 pm

invest thinker


Manager - Equity Analytics
Manager - Equity Analytics
@MASTERD, please explained what you said?? nt cler bro

341PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:27 pm

DimuthuKW


Stock Trader
https://economictimes.indiatimes.com/markets/stocks/news/blackstone-partners-group-said-in-race-to-buy-piramal-glass/articleshow/78143178.cms

342PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:29 pm

invest thinker


Manager - Equity Analytics
Manager - Equity Analytics
@Stockback, definitely, it  Arrow Arrow Arrow Arrow  Rs.16.

343PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:53 pm

LEO55

LEO55
Stock Trader
Any idea on the timeline ??

The final decision of the deal of mother company to be announced this month. 

Since today is the 17th and we have 2 more weeks with high hopes.

344PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 1:55 pm

Eranga87


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GLAS potentially most valued shares. have more positive sentiments, push over Rs. 15 level. next 3rd qtr, financial aslo so impressive than 2nd qtr. if you can identify the worth of GLAS, no need to think ealier traded price. everyone knows, how to perform EXPO from Rs.2.50 level. now, it traded Rs.18.5 level. thats why, multiple times i said, collect GLAS @ 4 Level. i analys future earnings with their new product development, new market and covid 19 impact. current market condition there are emerging oppotunies and GLAS has capabilities for organic and inoraganic growth.

Chithi, praveen11, shyamalbandara, invest thinker and SL-INVESTOR like this post

345PIRAMAL GLASS CEYLON PLC (GLAS.N0000) - Page 17 Empty Re: PIRAMAL GLASS CEYLON PLC (GLAS.N0000) on Sat Oct 17, 2020 2:02 pm

praveen11


Stock Analytic
Stock Analytic
@Eranga87 wrote:GLAS potentially most valued shares. have more positive sentiments, push over Rs. 15 level. next 3rd qtr, financial aslo so impressive than 2nd qtr. if you can identify the worth of GLAS, no need to think ealier traded price. everyone knows, how to perform EXPO from Rs.2.50 level. now, it traded Rs.18.5 level. thats why, multiple times i said, collect GLAS @ 4 Level. i analys future earnings with their new product development, new market and covid 19 impact. current market condition there are emerging oppotunies and GLAS has capabilities for organic and inoraganic growth.

Fully agree Eranga. If the sale announcement is out, GLAS share should be adjusted to sale price towards 17+

Nevertheless, based on their financial performance alone, GLAS must move above 12-15 levels.

What is your timeline expecting the immediate target of 15+?

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