I am sure all investors must have heard about the movie “Dabbang” and “Shree Ashtavinayak Cine Vision”? The stock gave whooping 200% returns in 2 – 3 months, from Rs 18 levels it rallied up to Rs 50 odd levels.
Early September Shree Ashtavinayak released Dabaang, which turned out to be a hit. It set a record by grossing around Rs80 crore in the first week alone, which made it the highest grossing Bollywood film in 2010. It also did remarkable business overseas. Just because of this a 750 cr. company (market cap) became a Rs 2000 cr odd company (where market cap is concerned). What I conclude from this is Pure Operators Play!
The stock hit lower circuit form mid Novembers and from Rs 50 levels it came down as low till Rs 5, a 90% fall in price in less than 2 months!
The stock has now again caught the upper freeze since mid January 2011 and has give 33% odd returns since then and currently trading around Rs 8 levels.
Check out 1 year chart :
Image Source : Google Finance
So simply looking at the volatility the stock doesn’t look worth investing!
What’s your take on the same? Comment!
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{ 48 comments… read them below or add one }
Shree Asthavinayaka Cine Vision Ltd is purely operator base screep and you must be noted down from here by my prediction, it would fall drastically around Rs. 1/- or under this. YOU JUST SEE, PICTURE ABHI BAKI HAI MERE DOSTO !!!! Just out of this stock right now or never !!!!!!!!!
Its i n the circuit, and you can’t buy it. But if available it’s a good buy for now.I don’t think that it will come down to Rs 1/-, well lets see what happens.
You are so right Chirag and Mansoor,
Its amazingly funny that a Rs. 50 stock falls to Rs. 4 AFTER it distributed a super-hit movie. Indian markets continue to amuse me.
I remember that my phone was flooded with tips about Shree Ashtavinayak stock when ‘Blue’ was about to be released. I strongly felt like shorting the stock at that time. Should have listened to my intuition
@Mansoor & @Smart : In simple words I describe this stock as “Punters Script”!
Full faltu share this is. my friend buy this share at 45 now just 8rs.
he he he, I bougt at Rs 6.50, 600 shares. let see the remaining game.
You at least bought at bottom.. People have bought it at 45 levels. Crazzy…
Shree Ashtavinayak has some good movies to be released in 2011 , Rockstar, Runbhoal run, Bol Bachchan.. etc.. Stock will bounce back to above 20 this year, Next year Golmal 4 and others big movies are planned.. will go above 50 in 2012.
Hey, don’t worry man..soon it will cross 10…it will not go below 4….i have taken 500 shares at 5.95 Rs….
hey friends you buy asthavinayak at 30, 45, 47 or 50 don’t worry about level. it’s like sea waves in the ocean. when tide is come you see its play above 55 in 2011, newly superhit movies like rockstar, runbholarun, bolbacchan. comming soon. in 2011. so, dont wory buy this stock as much as u can. it will definetly goes above level of 55 in this year. have a nice investment.
Without any fundamentals? I dont think so. Unless and until its an operator game!
hey chirag i thing you buy this stock above 35 ? dont worry. i promice you if you hold till december its show miracle. you see its 55 levals.
i agree with you chirag its operator game. but dont worry. operator have also want to book profit at high level. in asthavinayak. so wait and watch their game. i give your a terget of 55 in this year.
Dear All,
Please note – Good buying at below Rs. 10/- & hold it at least for 6 months definately it will give returns at level of Rs. 50/- to 65/- between.
Don’t worry if you have already buy this stock in between above figures .
i bought 20000 at rs 4…….is it a gud investment..or shd i sell????
I want t0 buy shree ashtavinayak stock in bulk,the rate is 5 rupees,please suggest….
Jignesh..but at current rate….decide target 3times…15-20 within 6 months. i have bought also
Jignesh..buy at current rate….decide target 3times…15-20 within 6 months. i have bought also
Very good share.
Glad you liked it! Thanks for Dropping a comment by
Nice post Chirag.
One needs to be extra cautious when investing in such penny stocks.
Journey from Rs 50 to Rs 5
hi , shr wl shot up to rs.11/-
Hey It is now under 4.. Will it go below 1..I think it is operator based stock…..paise lagao aur bhul jao matka lag ato laga…….nahi to zatka laga……
they are very poor and dangers stock because i have 20000 buy in 8 rupess 1 years ago
Yeh stock iss saal kuch nhi dega.Chahe jitna mrji zor lga lo.Yeh duniya ka sbse gnda share hai.
there is one way to decrease loss by investing,if some one have baught the share at rupees 8,but now the share is trading at rs 3.90,if u have 1000 share at rs 8,then u want to sell at rs 8,but if u will by 1000 more shares at rs 3.90,then the average price for 2000 shares will be 5.95,now u dont have to wait much.when the price reaches to 5.95 ,u can sell and get out of it.the sell price can be decreased by buying more number of shares at low price………… every body knows that 5.95 target can be achieved easily by shreeashta……
Well Jack its an equity without any fundamentals as seen in its journey from Rs 10 to Rs 50!
Though it should cross Rs 6 and settle some where near 8 to 9 rs that what we at investologic feel!
I am investing in this script since it was Rs 7.o.Prsently after averaging I have brought my buying price to Rs. 4.12.I hope there will be a jerk in two months,upto Rs.5.This is my guess .But i feel ,this is punters script surely
Well yes it’s all on luck!
how many months that it ill take to cross Rs.10
Fundamentally it should have. Technicals are providing with no signals.
i want to buy this share @ 1 per share , how long i have to wait……..
just wait for one more movie release………..hehehe
This stock is an adventurous and exciting stock. May go anywhere at anytime. NOT RECOMMENDED for Children, Heart Patients & Pregnant Ladies.
Pls……….do something pls……….
shree ashtvinayak share is now at Rs.4 so…… is it worthwhile to buy?
shree ashtvinayak film if hit goes to above rs 50
even after BOL Bachan hit the screen, this stock is losing its share value, why ????????
Hi,
What is the expectation from bol bachaan movie, Is it will be hit in boxoffice and what will be the value of share after this movie release ? any idea
mre pass 13 se 25000 shree hai to ab me kya karo ,pls tell me ,
Bol bacchan has grossed close to Rs 100 Crores but stocks of Shree Ashtavinayak are still loosing !!
Why is that?
which movie is next after disaster of Bol bachan….is there any ray of blue..
I have 10,000 shares of shree Ashtavinayak cine vision Ltd. @ 3.90/- from last one year appx. what should I do hold or sell? Pls. advice.
I would say wait and watch.
i hav 1 lac sare @ Rs. 6 and i want to known that Bol bacchan has grossed close to Rs 100 Crores but stocks of Shree Ashtavinayak are still loosing !! why ?
Guess its a really funny game played by Agree Ashtavinayak. I bought 1k shares at about rs 6 each prior to the release of Rockstar , now its around 1.95 . Any chances that it might cone between 1-1.5 so that I can buy it in bulk and let Golmaal 4 do the magic?
My bad . shree ashtavinayak.
Chirag , why is this stock badly?I heard that Reliance comm. will be taking it.Ihave
plenty of shares. what to do
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