tag:blogger.com,1999:blog-14410328.post3317638366332633565..comments2024-03-20T23:10:05.429+05:30Comments on Indian Stocks: Jayant Agro Organics: Promoters buy 5.6 lakh shares from Open Market worth 6.5CrWhat'sUp Prahaladhttp://www.blogger.com/profile/05216054234415437998noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14410328.post-72661498317481752082012-02-26T01:40:23.571+05:302012-02-26T01:40:23.571+05:30Purushottam:
Promoters were the buyers and ANAND ...Purushottam:<br /><br />Promoters were the buyers and ANAND KAMALNAYAN PANDIT was the seller.<br /><br />It cannot be an attempt to support the stock price.. because this deal was done at the new 52 week high price.. (124)<br /><br />On jan 2,2012 Jayant agro closing price was 81.10 <br />block Sell price of 124/= is 53% higher than the price of jayant at beginning of Jan 2012.. <br /><br />I would say it was an offer to buy a large chunk of shares.. and the promoters took that offer .. the stock was accumulated by the intermediary (ved brothers) at the trigger price ANAND KAMALNAYAN PANDIT sold to promoters..<br /><br />Ved brothers is now also selling all the excess jayant stock it had accumulated to reach the trigger price of 124 to promoters..<br /><br />In fact total buying of shares by promoters is close to 5.9 lakh shares(past 30 days) which is more than double the amount of shares sold at 52 week high price..<br />==================<br /><br />Personally Purushottam.. I think its the promoters who are buying as some good news flow is going to happen.. <br />==================<br />look at gael where promoters bought at 18-19 levels (close to lowest point of gael stock price.. which looks like a support attempt)<br /><br />Jayant promoters buy price is close to new 52 week high .. so definitely its not a buying to support stock price..<br />==================<br />If you have exited.. its still a great price (107-109) to get into jayant .. ideally jayant should have a market cap close to one times sales .. thats a 10x from these levels..<br />=================<br />(I am not recommending sell GAEL and buy jayant.. I have maintained both my stock levels..) and might buy more jayant going forward..<br /><br /><br />=happy investing<br />whatsup-indianstockideas.blogspot.comWhat'sUp Prahaladhttps://www.blogger.com/profile/05216054234415437998noreply@blogger.comtag:blogger.com,1999:blog-14410328.post-59326411337960572612012-02-25T17:03:43.866+05:302012-02-25T17:03:43.866+05:30check this url..
There had been a big sell of 2740...check this url..<br />There had been a big sell of 274000<br />on FEB 1.. I belive since many are selling jayant promoters are buying in just to make sure stock does not fall...<br />http://www.moneycontrol.com/stocks/marketstats/blockdeals_query.php?sc_id=JAO&post_flg=1&myexchg=Both#JAOPurushottamhttps://www.blogger.com/profile/15803714506554460677noreply@blogger.com