Orbit Corporation

Exit Orbit Corporation at higher level: Mathew

Posted by : mani220321

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great move ...Lets add more ...20% up catch if u can fundamentally as we know it is better than unitech and parsvnath so lets grab with both hands.. thanx udeyan mukharjee

Regards
mani...

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Exit Orbit Corporation at higher level: Mathew

Posted by : mani220321

yes is has touched Rs. 40 what all of us were waiting..now its time to catch and wait for Rs 170 as IPO had openned there

Exit Orbit Corporation at higher level: Mathew

Posted by : mani220321

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yes is has touched Rs. 40 what all of us were waiting..now its time to catch and wait for Rs 170 as IPO had openned there...

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Exit Orbit Corporation at higher level: Mathew

Posted by : MMB Messenger

Technical Analyst, E Mathew is of the view that it is a pullback rally in Orbit Corporation and at best if one is taking a trading call, one has to keep a tight stop loss around Rs 62-63 zone. One should book out at higher levels.

Exit Orbit Corporation at higher level: Mathew

Posted by : MMB Messenger

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Technical Analyst, E Mathew is of the view that it is a pullback rally in Orbit Corporation and at best if one is taking a trading call, one has to keep a tight stop loss around Rs 62-63 zone. One should book out at higher levels....

ORBIT CORPORATION

Posted by : Guest

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The stock has very poor fundamentals. This is what happens when innocent retail segment buys scrips just because they have come down 90%. The company`s P&L account statements suggest that it rose out of nowhere to be a billion dollar company in just two years.(At peak rate of 1079 and $ at 38). Even during the peak levels it was going close to 10x its revenues. Now the company has shown sharp decline in its revenues. Not just that, its quarterly earnings are extremely volatile and why should one be surprised if they show 0 revenues in december quarter.
Inspite of all this, lets try and value the stock at current levels. If the company is able to deliver 100crs topline for FY09 and about Rs6/- as EPS, its going at 1.4x revenues and 6+ PE. I would like to buy companies far less than 1x revenues and a PE of 3-4 given the bad economic conditions that the real estate companies are facing which would put it around 18-20. Considering that Orbit`s book value seems reasonable, another 25% premium can be assigned. Hence, the stock can only be bought at around 25 levels. Anything above that makes it unattractive.
Of course, I am not suggesting that it will hit those levels right away. There might be technical bounces in between but its sure headed down to those levels where actual buying may emerge....

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ORBIT CORPORATION

Posted by : lokshree

I got 1900 shares of Orb cor @ 82. Could anyone please advice me what to do......Hold or Sell??? Thanks

ORBIT CORPORATION

Posted by : kabeer S

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Do not sell...if you really want to sell..sell it in profit after 1 month...

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ORBIT CORPORATION

Posted by : lokshree

I got 1900 shares of Orb cor @ 82. Could anyone please advice me what to do......Hold or Sell??? Thanks

ORBIT CORPORATION

Posted by : lokshree

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I got 1900 shares of Orb cor @ 82. Could anyone please advice me what to do......Hold or Sell??? Thanks...

Orbit Corporation

Posted by : truecharts

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Respected Anne on,

Its a nice question. Its the right question to ask now. Whether to buy now or not. From what all the chart suggests is that every corrective rally is used to sell. We see rallies as not reversal signs as of now and I dont think any reversal sign for now can be taken to be as one unless the market or the script forms a fair consolidation and then starts trending. Also that the general index nifty is also very unhealthy .... in this case I suggest to totally desist in investing in the market..whatever be the script or temptation.

If you want to make profit from Investment ....follow the general trend and dont get trapped in corrections .

I suggest not to enter still the market gets orderly...which is most likely to take a real real real long long time....

But after that u must pump great deal of money.

Truecharts...

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ORBIT CORPORATION

Posted by : lokshree

I got 1900 shares of Orb cor @ 82. Could anyone please advice me what to do......Hold or Sell??? Thanks

Orbit Corporation

Posted by : rmvadera1

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On what ground you say this? explain please for the benefit of the other investors....

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ORBIT CORPORATION

Posted by : lokshree

I got 1900 shares of Orb cor @ 82. Could anyone please advice me what to do......Hold or Sell??? Thanks