Everest Industries

The sudden spurt

Posted by : stkstudent
Price when posted : BSE: Rs 95.15 ( 12.87 % ), NSE: Rs. 93.50 ( 5.29 % )

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What is it that has caused sudden spurt in the stock ? Is it good potential in the stock ?...

Low trading volumes

Posted by : stkstudent
Price when posted : BSE: Rs 85.00 ( 0.83 % ), NSE: Rs. 87.50 ( -1.46 % )

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The company is old and well established, sector good, fundamentals are in place, dividend yield satisfactory, the company`s web site and its products seem impressive enough, even so no adequate serious buying interest is seen at the current lowest price level. Probably the stock has been falling almost since last about 3 years, that has made the hopeful investors keep holding the stock and the investor is not showing keen buying interest due to present weak market sentiment. All that seems has affected the trading volume....