Today RIL Tomorrow GLAS.N

Due to the trading pattern monitored tomorrow could be the day for GLAS.N
(Not a Buy Recommendation)

@MarketResearch wrote:Due to the trading pattern monitored tomorrow could be the day for GLAS.N
(Not a Buy Recommendation)

Any idea of this share and is it good to buy at this current price range 4- 4.10 ??

@judecroos wrote:

@MarketResearch wrote:Due to the trading pattern monitored tomorrow could be the day for GLAS.N
(Not a Buy Recommendation)

Any idea of this share and is it good to buy at this current price range 4- 4.10 ??

Dear Judecroos, It was trading at 4.60 (In February 2020) before COVID 19 and I expect the price would be adjusted to 4.40 this time. I entered at 3.90 and I think 4 or 4.10 is ok. But 4.0 recommended with the buying and selling cost. If you buy at 4.0 you have to sell at 4.10(breakeven Price). If you go for 4.10 you have to sell at 4.20(Breakeven price). If you enter at 3.70-3.90 it is ideal to make a decent profit. Cheers.

@MarketResearch wrote:

@judecroos wrote:

@MarketResearch wrote:Due to the trading pattern monitored tomorrow could be the day for GLAS.N
(Not a Buy Recommendation)

Any idea of this share and is it good to buy at this current price range 4- 4.10 ??

Dear Judecroos, It was trading at 4.60 (In February 2020) before COVID 19 and I expect the price would be adjusted to 4.40 this time. I entered at 3.90 and I think 4 or 4.10 is ok. But 4.0 recommended with the buying and selling cost. If you buy at 4.0 you have to sell at 4.10(breakeven Price). If you go for 4.10 you have to sell at 4.20(Breakeven price). If you enter at 3.70-3.90 it is ideal to make a decent profit. Cheers.

Totally agree. Company with strong balance sheet. Paying dividend annually without fail. I also entered with good qty waiting for 4.50

@Baba2020 wrote:

@MarketResearch wrote:

@judecroos wrote:

@MarketResearch wrote:Due to the trading pattern monitored tomorrow could be the day for GLAS.N
(Not a Buy Recommendation)

Any idea of this share and is it good to buy at this current price range 4- 4.10 ??

Dear Judecroos, It was trading at 4.60 (In February 2020) before COVID 19 and I expect the price would be adjusted to 4.40 this time. I entered at 3.90 and I think 4 or 4.10 is ok. But 4.0 recommended with the buying and selling cost. If you buy at 4.0 you have to sell at 4.10(breakeven Price). If you go for 4.10 you have to sell at 4.20(Breakeven price). If you enter at 3.70-3.90 it is ideal to make a decent profit. Cheers.

Totally agree. Company with strong balance sheet. Paying dividend annually without fail. I also entered with good qty waiting for 4.50

I entered GLAS N @ Rs. 3.60, Rs. 3.70.

I commented quickly buy @ current mkt price forum & Teller youtube academy. The last time, yesterday i commented in teller one of a youtube video like this.


Eranga Siriwardhana 1 day ago
@muthunayake, @ teller academy

GLAS N , Better to buy @ current Mkt price. cant get GLAS N @ 3.50 or bellow price level. now GLAS price is very attractive. GLAS continuously paid a dividend income. GLAS upcoming financials are very impressive and import restrictions bless for GLAS. Piramal group of company, other factories in USA, UK , Indial low level of manufacturing capacity. Covid19 adversely impact GLAS mid-Mar to May ( 50% manufacturing capacity due to lockdown) and recorded a loss 44Mn 1st Qtr. The company has started manufacturing sites with 100% capacity utilization from june. they found new markets such as Mexico, Angola, and Indonesia, as well as the increased demand from Australia, Before fly GLAS N , I highly recommend it. so many positive signs have to fly GLAS price.

https://www.glass-international.com/news/piramal-glass-for-sale-at-800-million

Piramal Glass operates four plants, including this one in Kosamba, India
Indian container and pharmaceutical glassmaker Piramal Glass is for sale.
The company has appointed Bank of America and Axis Capital to find a buyer and has already approached several multi-national glass manufacturers for their interest in an $800 million deal.
Organisations approached include German container and pharmaceutical manufacturer Gerresheimer and French groups Saverglass and Verescence.
Piramal Glass operates four manufacturing plants: two in India, and one each in Sri Lanka and the USA. According to its website it makes 1475 tonnes of glass a day with 12 furnaces and 65 production lines.
It recently completed the first stage of its digital transformation in its plants and worked with companies including Microsoft to implement the new technology.
It makes glass packaging for the global cosmetics, perfumery, skin-care, food, and beverage sectors.
Piramal Glass said: “Piramal Glass India, a privately held company, is exploring a potential equity capital raise from financial partner/s to augment its accelerated growth strategy.
"PGPL believes that there are emerging opportunities arising out of market consolidation which makes it an opportune time to leverage its capabilities for both organic & inorganic growth.”

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism

GLAS N has the possibility to touch Rs.5.00-Rs.5.50 in a short term period.

Yes more than 15million traded

@Eranga87 wrote:

@Baba2020 wrote:

@MarketResearch wrote:

@judecroos wrote:

@MarketResearch wrote:Due to the trading pattern monitored tomorrow could be the day for GLAS.N
(Not a Buy Recommendation)

Any idea of this share and is it good to buy at this current price range 4- 4.10 ??

Dear Judecroos, It was trading at 4.60 (In February 2020) before COVID 19 and I expect the price would be adjusted to 4.40 this time. I entered at 3.90 and I think 4 or 4.10 is ok. But 4.0 recommended with the buying and selling cost. If you buy at 4.0 you have to sell at 4.10(breakeven Price). If you go for 4.10 you have to sell at 4.20(Breakeven price). If you enter at 3.70-3.90 it is ideal to make a decent profit. Cheers.

Totally agree. Company with strong balance sheet. Paying dividend annually without fail. I also entered with good qty waiting for 4.50

I entered GLAS N @ Rs. 3.60, Rs. 3.70.

I commented quickly buy @ current mkt price forum & Teller youtube academy. The last time, yesterday i commented in teller one of a youtube video like this.


 Eranga Siriwardhana   1 day ago  
@muthunayake, @ teller academy

GLAS N , Better to buy @ current Mkt price.  cant get GLAS N @ 3.50 or bellow price level. now GLAS price is very attractive. GLAS continuously paid a dividend income. GLAS upcoming financials are very impressive and import restrictions bless for GLAS. Piramal group of company, other factories in USA, UK , Indial low level of manufacturing capacity.  Covid19 adversely impact GLAS mid-Mar to May ( 50% manufacturing capacity due to lockdown) and recorded a loss 44Mn 1st Qtr. The company has started manufacturing sites with 100% capacity utilization from june. they found new markets such as Mexico, Angola, and Indonesia, as well as the increased demand from Australia,  Before fly GLAS N , I highly recommend it. so many positive signs have to fly GLAS price.

Thank you MarketResearch for the advice. Let's take a chance this time. I recommend you to go for DFCC when it come down below 67.

@Eranga87 wrote:GLAS N has the possibility to touch Rs.5.00-Rs.5.50 in a short term period.

Already reached 5.20