Mithooshan wrote:Clearly there is a lot of selling at current levels (Rs25/Rs.26) due to profit taking. I don’t blame the sellers if they are booking profits.
They recognized the potential of the share invested when others doubted it and now selling at Rs.25 and above with buyers willing to pay such high prices for this share.
With an EPS of Rs.3.21 for first half, constituting 70% of logistics revenue from Non-PPE for the second quarter, Expo clearly is growing as well as establishing themselves in the Market. (Key Player)
Psychologically it might have to break the resistance at Rs.30. Hence, the journey from current levels to breaking Rs.30 might be a slow one.
But, Once resistance is broken, and people with power get to know the results before they were out. Price will hike.
As retail investors we should also learn to know when to book profits before a correction happens in any share. I rather leave it to be decided by the gentlemen in the forum.
People who purchased at an EPS of Rs.0.89 might have had the news that second quarter performance is awesome with estimated figures close to accurate.
I don’t think otherwise they would have bought Expo at above Rs.16-20 before the reports. Same thing might happen in third quarter as well.
Many who criticized the Expo prices when it was at Rs.9/13/17 (I do not want to disclose those Smart members’ name) back then stating Q1’s first quarter was one off (Rs.0.89) should learn to investigate the performance and future growth of the company before stating their opinions like Pro. Where do they going to keep their words with a reported earning of 2.31 for the second quarter.
They come here again to state Rs.25 is high and they will continue to do so at Rs.30/35.
What i do is, talk to resource people and exactly understand what is happening in the company to understand the future performance. From what i have been told, there is nothing to worry. Performance will continue.
But you should rely on your own research not mine or not the “nay sayers”.
Try to understand who wants to genuinely help you and who wants to just show that they are right, just to prove that they are smart at the expense of your money.
For me
@Winwin @Captain @dayandacool @samaritan @geesura @judecroos @Eranga87 are few whom i have felt Honestly want to help.
@Teller is a senior member whom i respect. Many a times his predictions have come true.
It is important to shine light to these people who genuinely want to help.
My sincere apologies for other members whom i might have missed to mention by name. Definitely there are many others who want to do just the same, but I don’t recall to include here.
Good Luck !
Bonus - My picks (I do hold three of them)
EXPO
DIPD
RCL
LWL
TKYO
HAYC
HAYL
VLL
LLUB
VPEL
LVEF
ACL
GLAS