We are only conducting Seminars to make Professional Traders. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

Has ITC Peaked?

This is a question which comes to the mind that has stock price of ITC has peaked and a sheer sale and purchase of the stock by directors shows that it may have had peaked in near future as ITC Chief Mr Deveshwar has sold shares worth Rs  5.8 Crores.

Moreover story does not end here as two other directors have also sold shares worth about Rs 2.7 crore through the open market. In a regulatory filing through the statement issued by ITC under disclosure norms stated that Y C Deveshwar, Chairman and Whole time Director, has sold about 2.79 lakh shares for about Rs 5.78 crore. Besides, Whole time Director K N Grant has also sold 1.25 lakh shares for about Rs 2.58 crore.

The point to note is that one can monitor the sale and purchase of stock by directors because when directors buy stock, it means they have faith in the company and when they sell the shares, it means that they have lost faith in the company and are taking an exit route. However we will not like to apply this rule to a company like ITC as sale by one individual can be due to a personal reason. Please remember that we are optimistic on the growth prospects of ITC and continue suggesting a buy for our subscribers as this stock is an exception and exception proves the rule. 

Bookmark us for stock market tips and make money with our hot share of the day. This post was made on 02 Mar 2012

Most Visited Stocks - Click to Visit Link

We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9