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Individual Stocks Discussion Forum for Individual Stocks. If you have query/suggestion on more than one stock, which are UNRELATED TO EACH OTHER, USE SEPARATE THREADS.

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  #1  
Old 31st January 2018, 05:42 PM
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Default Vakrangee



Anybody has any hint about what is going on in Vakrangee?

There are unconfirmed reports of a SEBI investigation:

https://economictimes.indiatimes.com...w/62719918.cms

Maybe it's true.

Another unconfirmed report states that Vakrangee has purchased shares of PC Jeweller worth Rs 112 crore. I don't understand why a software firm is interested in a jewellery company stock; or is it just speculative trading by the company?

https://www.indiainfoline.com/articl...2600369_1.html
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  #2  
Old 31st January 2018, 10:12 PM
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Originally Posted by Alchemist View Post
Anybody has any hint about what is going on in Vakrangee?


Another unconfirmed report states that Vakrangee has purchased shares of PC Jeweller worth Rs 112 crore. I don't understand why a software firm is interested in a jewellery company stock; or is it just speculative trading by the company?
I saw that in today's business channel. I am also thinking this why a s/w company buy a jeweler company shares, maybe a biz strategy that a normal trader like me never understand.

I have exited this counter recently after making very quick 20k, and stopped looking at this counter.
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  #3  
Old 2nd February 2018, 09:59 AM
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There seems to be an operator link between Vakrangee and PC Jeweler.

Also it seems the operator is now facing margin pressure.

Stay away from both stocks.
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  #4  
Old 29th April 2018, 12:04 PM
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Smile vakrangee.

Can some one suggest how to get out of vakrangee shares when it opens with circuit.
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  #5  
Old 30th April 2018, 02:49 PM
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Originally Posted by prabhakar View Post
Can some one suggest how to get out of vakrangee shares when it opens with circuit.
The circuit looks unlikely to open this week. Maybe next week.

Once the circuit opens,the stock will move higher for day or more.

Keep a stop-loss below previous day's close and exit if the stock goes 3%-4% below previous day's close.

Overall I don't see much value in this stock and now that the auditor has quit abruptly, I don't think the stock is worth investing at any price.
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