Dear Friends
There we go again. The 2G scam has taken its toll on two really good scripts.
Now, if the analysis and news is read properly, Maran used BSNL for his personal profit and the company that benefited was SUN TV that may have to pay around 630 crores (without penalties) for use of BSNL lines. Even, second case of tie up with a Malaysian communications company clearly seems to benefit Sun TV.
Also, Marans have a 70% stake in Sun TV but only 34% in Spicejet that was acquired only in 3rd Quarter 2010. So, which was the company that benefited in 2007 - has to be Sun TV because Marans never controlled Spicejet at that time!!
WOW!!! That means the company that can actually suffer financially is only Sun TV and not Spicejet. So, there you go. You have one of the biggest opportunities to buy a great stock at rock bottom prices. The company is the most profitable in airlines industry with minimal debts. Secondly, Marans have bought a stake in the company at an average of 47-48 and you are getting this company much cheaper than promoters price!! Yeah, this is a stock to have in your kitty at right time.
Forget Market and buy in following stages (Around 15%-20% of your portfolio):
1) 34 - Buy 20% of intended quantity.
2) Below 31 - Buy 30% of intended quantity.
3) Below 28 - Buy 50% of intended quantity.
On Upside, buy on 36+ and 41+.
Regards
Invest2Richness
There we go again. The 2G scam has taken its toll on two really good scripts.
Now, if the analysis and news is read properly, Maran used BSNL for his personal profit and the company that benefited was SUN TV that may have to pay around 630 crores (without penalties) for use of BSNL lines. Even, second case of tie up with a Malaysian communications company clearly seems to benefit Sun TV.
Also, Marans have a 70% stake in Sun TV but only 34% in Spicejet that was acquired only in 3rd Quarter 2010. So, which was the company that benefited in 2007 - has to be Sun TV because Marans never controlled Spicejet at that time!!
WOW!!! That means the company that can actually suffer financially is only Sun TV and not Spicejet. So, there you go. You have one of the biggest opportunities to buy a great stock at rock bottom prices. The company is the most profitable in airlines industry with minimal debts. Secondly, Marans have bought a stake in the company at an average of 47-48 and you are getting this company much cheaper than promoters price!! Yeah, this is a stock to have in your kitty at right time.
Forget Market and buy in following stages (Around 15%-20% of your portfolio):
1) 34 - Buy 20% of intended quantity.
2) Below 31 - Buy 30% of intended quantity.
3) Below 28 - Buy 50% of intended quantity.
On Upside, buy on 36+ and 41+.
Regards
Invest2Richness
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