Accumulation Pattern seen in major poultry stocks like Venky's, Srinivasa Hatcheries and Simran Farms. Even in weak markets these companies are refusing to go down and one can find disclosed buyers at every bid rate. A significant rerating of the entire sector looks on the cards and the process can start on verge of declaration of their Q1FY11 numbers.
To add, there has been 90% delivery volume in last many days in Simran Farms and Srinivasa Hatcheries. Strong hands are entering in which is a good sign for the said companies Talking specifically regarding Simran Farms, today, the counter witnessed lifetime high volumes and a Delivery percentage in excess of 75 % with 1,17,000 + shares delivery taken in an extremely weak market. This is a very positive sign and if the counter cools of in next few days then it will be a great opportunity to enter at every lower rate. Floating stock moving into stronger hands will mean exponential rerating of the counter at a slight smell of even one positive news and that positive news might come in the form of announcement of board meet for announcing Q1FY11 numbers in next 20 days. -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
