After 17 Days, today Vakrangee saw positive tick, investors were trapped because of continuous lower circuit of 5% before opening for over 17 days. So what are your thoughts… Should investors leave and book -50% loss?
Fundamentally company looks good and not to mention debt free company. Issue started when Vakrangee which is an IT company bought huge number of shares of PC Jewellers without any announcement.
We believe what we see in books and financial information. For a moment try to understand vakrangre business plan and you will be a axed that company is floating with lot of uncertainty around.
Lot of investors are doubting their business model. It is a trader stock. Enter n exit at your own risk.
Added some technical details here as well.
This stock has manufactured fundamentals. It’s share price has also been manipulated most likely.
Just think why would PCJ fall less than 50% but Vakrangee holding just 2% in PCJ fall much more than PCJ? Lot of entities knowing real worth of Vakrangee dumped it. Even PCJ has better chances of giving positive return in next one year.
Stock and related entities are under investigation. More bad news expected. It’s in depth spiral. More like Gitanjali Gems. Focus your money elsewhere. No value here.