CTLD start moving

Niggard · 1 CTLD start moving Mon Feb 14, 2011 9:59 am

Niggard

Manager - Equity Analytics

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Will somebody kindly let me know likely-hood of its peak, I've been stuck in for several months.

Antonym · 2 CTLD Wed Feb 16, 2011 6:54 pm

Antonym

Vice President - Equity Analytics

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@Niggard: CTLD's all-time high was Rs 40 and it should get there again, sooner or later. It reached Rs 37 (ex-dividend of Rs 0.60) last week, but has dropped back to 34.30. At what price did you buy? It should be possible to liquidate at these levels, unless your quantities are hgh... Average daily trades are 10,000 to 20,000 shares.

CTLD is a reasonably safe long-term share because the downside risks are limited - unlikely to drop below Rs 32 (my opinion), even if there is a decline in the general market... By the way, have you received your dividend?

Antonym · 3 Re: CTLD start moving Tue Apr 05, 2011 12:02 pm

Antonym

Vice President - Equity Analytics

Posts : 1090
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Join date : 2011-02-09

@Niggard: Major buying interest in CTLD today, at prices upto Rs 35 per share. (That's a 17% increase since 2 weeks ago.) Turnover is approaching the Rs 10 million mark.

I wonder what's happening... Revaluation of Majestic City???

FYI - I am not selling just yet; I believe CTLD is still slightly undervalued.