While I stay away from ADAG stocks.....the following news makes me rethink
http://www.firstpost.com/business/reliance-defence-signs-6-billion-pact-with-russian-arms-firm-as-modi-visits-moscow-2558678.html
Reliance Defence (Pipapav) signs maintenance and manufacturing deals worth $6 Billion.
Sandip Sabharwal thinks that ADAG is selling assets to buy new assets which do not make promise
http://economictimes.indiatimes.com/markets/stocks/recos/adag-selling-better-assets-and-buying-ones-which-do-not-promise-profits-sandip-sabharwal/articleshow/50297901.cms
The above news had an immediate impact on Pipapav Defence (BSE ID: 533107) on Thursday 24th Dec 2015. The stock went up by 20% (circuit) approx 16 Rs.
Chart is also showing huge splurge in volumes
http://www.firstpost.com/business/reliance-defence-signs-6-billion-pact-with-russian-arms-firm-as-modi-visits-moscow-2558678.html
Reliance Defence (Pipapav) signs maintenance and manufacturing deals worth $6 Billion.
Sandip Sabharwal thinks that ADAG is selling assets to buy new assets which do not make promise
http://economictimes.indiatimes.com/markets/stocks/recos/adag-selling-better-assets-and-buying-ones-which-do-not-promise-profits-sandip-sabharwal/articleshow/50297901.cms
The above news had an immediate impact on Pipapav Defence (BSE ID: 533107) on Thursday 24th Dec 2015. The stock went up by 20% (circuit) approx 16 Rs.
Chart is also showing huge splurge in volumes
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