March 20, 2009

Akruti City Plunges 28% , stay away

Post Updated , Read it again if you read it before .

This is a follow up post on Akruti City saga .

While I write this post on Friday Evening 20th Mar 09 , Prices of Akruti City has crashed by 28% with better than average volumes on NSE , and may even fall more . This is happened because SEBI banned it from F&O from next month . In my previous post I mentioned that retail investors must stay away from these kind of companies .


The scrip has gained more than 250% from Jan 09 , and has doubled in just 5 sessions . this kind of behaviour is unjustified and hence it had become a dangerous scrip to trade in .


There was a Evening Star Pattern seen today , which is a bearish Signal . This tell that its something to be cautious of .Though its a signal to sell , but dont just go and sell , wait for the first sign of confirmation again . Overall markets upmove can again take it high again .

So wait for next downmove to consider selling incase you have made your mind to do so . The better thing would be to stay away .

In my earlier post I had mentioned about this , Read it here

Though the reasons are not directly related to company inside news or anything . the point is simple , Whenever it comes down , it will be a heavy move and it has happened . Any one who had invested 1 lac a day before has now worth of Rs 75k. It may go further down or again go up . that’s is not the point .

The Point is Was it a Good investment ? Think 🙂

Read detailed new about Akruti City’s Drop in Prices here

Read Is Direct Equity for you ?

To read some of the best articles of this blog , read this

Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Manish Chauhan
Manish Chauhan
15 years ago


You are correct that this happened just after 1 day I wrote that it would happen . But dont take it so seriously . It was just a coincodence , I would not be surprised to see if were to go up for next 1 week . You never know when it will reverse and then the risk of lossing your money is very high .

Then it becomes gambling not investing .


15 years ago

It happned as predicted b4 1 day…-ve