At current market price Orient Abresives is a good stock for long term and short term both....

What if one does bottom fishing at lowest probable level, that will bring down the average price and also the dividend yield will improve, would you advise on this strategy ?...

What you have stated about future dividends is more so based on your personal feeling. The company has good reserves to give bonus as in the case of GAIL and also track record w.r.t. dividend. Dividend yield is always one of the most important factors to take any investment decision. Dividends reveal the financial capability of a company and also its attitude of sharing the gains with the investors. ...

In the present scenario, 6 month period seems too short. Even with your buy price the dividend yield works out to more than 7%, so why not keep holding until the stock reaches your desired target. You should take your own decision that meets your purpose conveniently and suitably. ...

Thanks. The continuous down fall of the stock has generally made me cautious, so definitely I will keep on waiting for the probable bottom. The stock`s current fall all throughout is many times associated with more than average trading volumes i.e. so many optimistic investors kept buying the stock all throught its fall. Recently during last 12-13 sessions too the buying interest has been good enough. However sudden selling pressures from any quarters in the already overbought falling stock can cause further price depression, so one has to careful while deciding about the bottom....

Whenever I guess the bottom level and buy, the price slips further down. In such a case also, the average cost price does come down, moreover the dividend yield for the future goes up in long term point of view, in general the chances of safety of investment become brigher, all these are good enough to console me....

I feel the Rohit Ferro stock has been overbought by most investors in view of its good fundamentals and potential. However the market forces have brought down the scrip below its IPO price and also the book value of the stock like many other bests of the stocks. Very optimistic buyers are taking the best advantage of the fall in price. At the CMP the dividend yield works out attractive enough for taking long term decisions. Can you guess the bottom price for further buying ? ...

No this strategy is not advisable as with mounting losses dividend will be slashed/skipped.Do not go on any such strategies in this bearish market.Just wait and watch.Stock still has long way to go....

Dear stkstudent, What is destined to us that alone we`ll get..! With thanks, -sbalu...

I agree with you. Rohit Ferro can fall to 15 before the financial year end....

Dear stkstudent, Unable to guess....Can you...? With thanks, -sbalu...

Thanks for your views. The undertone has turned a little steady in view of sharp improvement in market conditions....

Thanks student for displaying this information and it confirms my worst fears. I was startled to observe the movements of the stock .......the sharp rise time and again and to me the pattern suggested `deceptive buying`.But by who? I was thinking maybe the battered underwriters were averaging out but it did not fit in as such strategy is unlikely.That left the only the promoters in the fray. But Why? They have been thoroughly mauled by 1)their 10% loss 2)Huge purchases at around 98 to push the rights 3)subscribing at 96 to their entitlement of rights 4)suscribing to the devolved portion some underwriters did not honor+additional stake to come to the figure of 90.15% 5)Balance to be met by expensive debt 6)By the skin of the teeth managed to avert a serious default over Novellis aquisition on unfavourable terms. All this in a rapidly changing global environment where metals are melting and daily ever-increasing deterioration of the global economy.Novellis aquisition will make this stable ship flounder. So why buy in such huge quantities? 1)Averaging out 2)To pull up the stock so we buy and later the gloomy underwriters offload 3)Over optimistic senario that all will be well soon i.e.globally the economy blooms again and our markets see a sharp rise. My assessment is that the promoters are only gambling as the writing on the wall is that ever-increasing economoc chaos will only increase.Results will sharply see a huge dent in the bottom -line in all metal companies. Yes,as the wind blows west the company is struggling to sail east.The small investor be alert and get out when the stock is pulled up, however stock remains ok for intra-day/positional trade.I mantain my easy one year target on the stock of"Below 30"...

Aluminum prices are coming down globally, excess production in china is a major concern for this sector, Hindalco with so much of borrowed capital will find it tough going in this global economic deptression, do not buy wait for the bottom at Rs.40.00...