Opto Circuits India

Sell Target - 90

Posted by : Guest

Opto will trade below 90 very soon. Advisable to sell now and buy later.

EXPERTS ADVICE

Posted by : sumathidhivya

Hold your breath and put this share under a pillow and sleep over it for another year, a great stock well if you want to do some sort of averaging you can sell now and buy in the month end so that your price of acquistion comes down and you also get the bonus, further bringing down the price of acquisition.

EXPERTS ADVICE

Posted by : C.RAJAMADHI

Why the stock(OPTOCIRCUIT)fell in the pit?In 15 days it lose 50% value.I have 2000 shares @310.What can i do?Is it go below 100? EXPERTS ADVICE URGENTLY?

Fall of opto

Posted by : Kautilya

You are absolutely right about the anxiety index. If we had such a thing then it would be at an all time high now :)

Fall of opto

Posted by : Leave it.

Part II
Opto is not the only company to slip. The others include in the order given below. The NIFTY shares are not included because of their status.
Titan Industries slumped 18.48% to Rs 785.
Aban Offshore tumbled 17.26% to Rs 1085.
Welspun Gujarat Stahl Rohren plunged 17.12% to Rs 160.
Indiabulls Real Estate dropped 16.92% to Rs 109. It was the fifth biggest loser in A group.

So, Ours is not the only company to consider for comment. The holiday for today will give a relief. what is in store for the market is to be seen on Friday. As major governments haves intervened in reducing the bank rates, there will be a jump in market quotes on Friday. Let us hope to be benefited out of it. We are only investors. To earn some profits when time comes. We should not attach sentiments to the shares either for the movements of the prices or over the views of the others. Whenever we buy a share we should mark a price to get out. That will decide the quantum of profit or restrict our loss.
So don`t worry about the fall in prices. In shares the anxiety index is not taken into account by many.
If winter comes, can spring be far behind?
v.krishnamoorthy

Fall of opto

Posted by : Leave it.

To rfb

His query was over fall in value of the share and not on volume of shares.
So first I posted about the market conditions and then dealt with the fall in price,just to reduce the anxiety.

v.krishnamoorthy

Fall of opto

Posted by : rfb

One can estimate the amount of interest this scrip generates from the volumes traded on Oct 8 as compared with some of the big boys like Reliance 7.67m, Larsen 4.08m, Bhel 2.51m, TCS 2.08m - Opto volumes were 1.04m.
If a B group company can generate so much interest then I feel that all is not lost and sooner or later when the situation improves this scrip is going to move forward in a big way and in the long run can be a multibagger.
RFB

Fall of opto

Posted by : Leave it.

Part II
Opto is not the only company to slip. The others include in the order given below. The NIFTY shares are not included because of their status.
Titan Industries slumped 18.48% to Rs 785.
Aban Offshore tumbled 17.26% to Rs 1085.
Welspun Gujarat Stahl Rohren plunged 17.12% to Rs 160.
Indiabulls Real Estate dropped 16.92% to Rs 109. It was the fifth biggest loser in A group.

So, Ours is not the only company to consider for comment. The holiday for today will give a relief. what is in store for the market is to be seen on Friday. As major governments haves intervened in reducing the bank rates, there will be a jump in market quotes on Friday. Let us hope to be benefited out of it. We are only investors. To earn some profits when time comes. We should not attach sentiments to the shares either for the movements of the prices or over the views of the others. Whenever we buy a share we should mark a price to get out. That will decide the quantum of profit or restrict our loss.
So don`t worry about the fall in prices. In shares the anxiety index is not taken into account by many.
If winter comes, can spring be far behind?
v.krishnamoorthy

Fall of opto

Posted by : Leave it.

Dear ksmajumdar,
Well. The reason is consequent to the general perception of the market trend. The peculiar aspect is the top five losers in BSE’s A group shares were down by between 16.92% to 21.77% at one stage, reports capital market.
Opto Circuit India tanked 21.77% to Rs 159.05. It topped losers in BSE`s A group shares. We pinned more hope in the performance and debated much in these columns, without knowing the minds of the management and the sequential effect of US fiscal crisis, likely to spread it`s wings over the entire world markets. We can note that the forward trading was banned for over 500 shares in US immediately by the Govt. This effect took three days for the UK and German markets to react. The market could not recover until the FED cut 0.5% in rates for the slight recovery to be seen. As the other Europion countries are small they could not take any unilateral or concerted effort to stem the rot.

As per todays report the entire banking system is in a pitiable state in Iceland and most of the banks could not pay a cheque. This is inspite of the money is guaranteed by their Govt.It is learnt that they are seeking help from Russian Govt. to tide over the crisis.
I say all this because, you must note that a company coming up for sales is expecting a price to clear their balance sheet. We are not bidding for it as we feel that the cost is too much. The buying rate and selling rate may not match. Or we may also not be able to mobilise so much of funds to meet their demand, even though the product in Qn. is worthy of the sellers expectation. There is a tight liquidity In India also . Our mutual funds are also said to be selling some of their holdings. This is particularly true in FMP redemptions where roll-over is asked for by two Mutual funds.

As many of the funds collected were invested or lent to reality companies, the redemption could not take place in FMPs. So in my opinion, the reason may be (1)in line with the general trend. or (2) the news that a good buying opportunity was not completed. (3) The general liquidity problem prevailing in the industries. This we do not know as the figures last released was for 31-03-08 .An active mangement keen on aquisitions cannot keep the cash idle, They have to mobilise further capital by rights or loans. I felt that there may be a right issue when there is a tight money market was prevailing since June`08. But the market slipped down because of other world economic crisis. Thus right issue could not be considered and the banks might have been reluctant, beyond a sum. We may or may not know,until the CEOs of the Indian companies come out of their shells to tell the truth about the financial position in the third quarter results or fourth,for the year ending 31-03-08.

Perhaps Infosys may the first to comeout and say somthing about the fiscal crisis they face and give us a clue. As everybody will have their esteemed opinion about a company,including this, they may be reluctant to assume it as applicable to all those who deal with the western world for selling their products. Market is keenly watching their reports.

Today it is even reported that our Govt. of India is contemplating to tap the strong world currencies to strengthen their kitty as they did nine years ago. As I am having interest in foreign currencies, ia m watching with interest for the confirmation of the news and details. If you have any one in US,UK ,Germany or Japan, you can send a signal.

Part II will follow.

Fall of opto

Posted by : ksmujumdar

Any particular reasons why opto fell so much today (of the order of 22%).