RJ1010 wrote:The future is bright for GLAS. No need of promotions. The share price will appreciate based on its performance, which I feel will record a QoQ growth given the government also trying to ban polythene and plastic packaging.
Technically there’s strong support at both 8 and 9 levels which is 10-20% drop in case the company fails to perform and share price drops. Comparatively imagine the fate of companies which have gone up 200-300% based on news/splits and announcements.
The problem for shares like GLAS, RIL is that there no are heavyweight HNWI backing. They remain stagnant while market goes from 6000 to 9000 on the back of few chosen stocks. The behavior of CSE is very peculiar in that regard.
බොරු කියන්න එපා හලෝ .....