1) PARQ was needless to say much talked about ( should I say heavily promote share). Now stone silence! IF someone need to unbiasedly understand PARQ history and timelines YK has given resources to prior discussions.
2) Now on present situation :
Specifically on PARQ, within the last 2 years personally I made several warning when people tried to pump it to Rs 80 and to Rs 100 in short term.
Gave reason why it should not be such on valuations at that time.
Mentioned also several times PARQ had resistance around Rs 70-72 ( which was clear when relating to fundamentals also which was explained in detail under the link Yk gave).
That resistance was not broken for 3 times in several years spread.
I saw few months ago a top PARQ holder exited at Rs 67.
Then I also saw some negative concerns on Aluminium sector few months ago.
So I too made a post on Alumium shares on Be CarefuL thread bascially telling "When to BUY".
[You must be registered and logged in to see this link.]Now PARQ is Rs 74-75.
YK will give fundamental side so will not go there.
3)
Leaving YK to carry out the indepth discussion let me say this.
Aluminium sector still has lot of potential for longer term with construction Boom. PARQ is uqnieu share which has Aluminum + Tile sector benefits.
After looking at the latest report PARQ seems to be doing well.
Their future seems okay as it is managed well.
Tecnically a long consolidation happened at Rs 70 ( traded between Rs 55-70 for long time)
Now it was broken and at Rs 74-75.
Can it go ebelow Rs 70 again yeah if something unxpected happens.
But with the Group ( LWL,RCL,TILE ) rises , PARQ too can naturally
rise with time when ASI go up. So PARQ is now at suitable situation ( backed by fundamental and after long consolidation technocally to gradually increase in price for any Investor who is concerned.
But it is not gurantee if one does not pay attention to any negative stuff.
So don't please presume this is a recomendation to buy or it will go up in short term.
YES , there are some Negatives too on PARQ. YK presume will high light .
Cost of ALumium was on the up but as long as the company manages it , it should not hurt their growth potential .
Know pluses and minuses.
This group is for Investment not for any game play.
ps : Glad YK got some input for this educational post.
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