Reason behind today's rally:-Udayshivkumar is close aid of Karnataka Davanage Minister SS Mallikarjun. As per C-Voter survey This year Congress will come to power with simple mejority in Karnataka. North Karnataka side all road contract go to this company. C-Voter link---https://www.oneindia.com/india/karnataka-election-2023-congress-clear-winner-predicts-tv9-cvoter-pre-poll-survey-3552323.html.... I'm also bullish on this purchased @31; 3k shares.
@Monster Zero I have 5992 shares allotted in small HNI application. I can hold. Can you tell that for which target we should hold it . How much it can go up . Pls suggest
850. Earthking| Link| Bookmark|
April 19, 2023 10:41:53 AM
IPO Guru (1300+ Posts, 500+ Likes)
Tomorrow USK is moving out of T-T segment , i believe at right time it moved to +ve territory ... i expected this movement yesterday ...hope it stays strong till end of day ....
850.1. Sprint| Link| Bookmark|
April 19, 2023 10:53:28 AM
(200+ Posts, 100+ Likes)
@Earthking Yes hope so... my bad I offloaded my all lots, now started reversal game... anyway all the best for all who still holding... may give exit chance with marginal profit tomorrow, if 20% circuit is +ve side..
The share price of USK continuously falling down from issue price is not only reason for selling pressure of investors. I think the reason is something else may be financial or order cancel etc. Anybody have idea Pl. Inform. Thanks. Hold or sell?
if u are experienced investor u should have seen how 90% of infra companies are cooked. and most of them eventually crash,, usk is no different, there is nothing in company to trade at such high valuations
@Hope is life. initially election result predcition shows Hung assembly. founder is close aid of cogress minister. But now C-Voter few more shows It's clear majority for Congress in Karnataka. So rally started today.
20th April it moves out of the T group. Hence it important to watch out for this date. Big moves at either end possible. Right now it trading in the 30 to 35 bracket. It more likely to move upwards post 20th April as volumes too are likely to pick up . Some positives are strong order book of 1300cr, low pe which allows valuation comforts and backword integration initiatives leading to margin improvement and also prevents project delays, JV in place for technical intensive projects. On the flipside concentration of business in one state and high dependence on gvt entities may pose a risk. I am personally holding alloted quantities and also have added further at 32 levels. The views expressed are my own. Please take informed calls at your end.
840.1. Earthking| Link| Bookmark|
April 12, 2023 10:23:05 PM
IPO Guru (1300+ Posts, 500+ Likes)
My guess is till 20th april it will move in this range 31-34.9 and then from april 20th once it moves out of T-T segment , it may take decisive direction (which to me mostly upward direction towards 40) ...
840.2. Imhilli| Link| Bookmark|
April 12, 2023 11:40:46 PM
IPO Guru (1200+ Posts, 700+ Likes)