REXP can come down to 140/= levels.samaritan wrote:Overall the market sentiment does not favour this share at a time when political uncertainty is prevailing as at now. Furthermore, book value of this overvalued share is only Rs 140/= with no assurance of future positive growth under the prevailing circumstances.
Past performance is not a predictor of future performance. There is cloud of uncertainty ahead so don't burn your fingers. Consider the future prospects which is very gloomy.
Don't trust the broom & brush analysis which are jargons to promote this share.
Selling and getting out is advisable especially when market is falling!
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