Glodyne Technoserve Ltd - BUY & Accumulate

Hi,

Any idea whats the news on Glodyne? Were they caught up on any fraud? i was abroad fro 3 months and did not watch the market. Any news that caused this downslide?

Originally Posted by asterixobelix

Hi,

Any idea whats the news on Glodyne? Were they caught up on any fraud? i was abroad fro 3 months and did not watch the market. Any news that caused this downslide?

There seems to be some kind of price manipulation. No real news actually ... Some say promoters pledged shares at 400 ...

ICRA has reduced Glodyne's Ratings pointing out liquidity constraints faced by the company. I haven't seen ratings been decisive in price movements. But somebody seems to be manipulating prices for their benefit.

Glodyne 5 year low is 49 ... Need to see if it can hold on to that.

Mani,
It was at 25 on 14 December... what is your opinion on investing in it now? Looking at Book Value it seems company has good amount of money.

Originally Posted by rmani84

There seems to be some kind of price manipulation. No real news actually ... Some say promoters pledged shares at 400 ...

ICRA has reduced Glodyne's Ratings pointing out liquidity constraints faced by the company. I haven't seen ratings been decisive in price movements. But somebody seems to be manipulating prices for their benefit.

Glodyne 5 year low is 49 ... Need to see if it can hold on to that.

Originally Posted by khenatram

Mani,
It was at 25 on 14 December... what is your opinion on investing in it now? Looking at Book Value it seems company has good amount of money.

I think its best to stay away from Glodyne ... Something's not right ... And it lacks the brand value and investor confidence ...

hi,
The CMP of Glodyne Technoserve is Rs.29.15. is it right time to pick up this stock?