Yes Mithoo, But can be happy on % of price gain despite of massive massive foreign sales. specially DIPD suffered today also. But, one thing is good. Foreigners have sold net 2.2mn shares so far for this month. Tt means Locals have bought. It is good for our country also, bcz DIPD will be the most performing share in this year. After finishing this selling pressure soon, locals will gain more profit and reinvest in CSE. It is good. Even Dividends will circulate within local investors. Foreigners sold considering the needy to call back investments to their mother lands.@Mithooshan wrote:
I am wrong @win win - HAYC is moving faster than DIPPED. DIPPED is held back with foreign selling today. With the volumes getting traded hopefully foreign selling will over soon.
However, we can see a good price jump in next week specially in DIPD. DIPD will touch Rs.500 in very short period and it is fair value more than Rs.600 with their potential. They have more capacities for Q3 & Q4 and more bargaining power. Most considerable thing is their all sectors Gloves & Tea are top performing and day by day new markets, increases of product prices can be expected and achieve.
Most companies have performed good results, but Q3 will not ready to show same results. But DIPD has more potential than Q2. I am saying repeatedly DIPD will record above Rs.90 EPS for 2020/21.
When compare to the future performance and share price, DIPD has good journey in coming days very sooner not later.. Plantation sector performing well than Q2. More increase tea prices have been predicted in next months. Outcome from Gloves manufacturing capacities will be added heavily from mid of Q3. They have owned rubber plantations. This is a marvelous combination under a same group.. That's y Im repeatedly say DIPD can not match with any other company.
Thank you Mithoo, You were with DIPD from the beginning to highlight this share to others.
More price increases are highly expected in next week .. It is pleasure if DIPD touches Rs.500 level next week..