Pcjewllers and vakarangee

Market went down after announcement of budget - 2018. In Pcjewllers heavy selling is observed. Why? The single reason recently Vakarangee bought quite a number of shares. CBDT initiated the enquiry against Vakarangee. The fundamentals if the company were strong the market news made investor go crazy to sell the stock. However after clarification from the PC Jewelers management the stock price came to life again.

Like this scenarios comes as a blessing in disguise for the smart investor. 

PC Jewellers surfaced with the bank fraud and share collapsed.The 80:20 scheme by the UPA scheme helped the greed of Choksi's to loot the cash from diamond greedy consumers. 

Vakarangee made considerable progress with huge buying of shares. Only time will tell the true story. Short time or till time one can benefit out of it. 



I don't own either Pcjewllers or vakarangee. Written for study purpose only.

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