Jai Corporation

[ceeanil]

thanx jnj
i see it 10% both nse n bse now. i never knew its been rised to 10 %
well have a pleasnt 2008..i gues .
best luck
anil

 

[MiLiNDOnline]

Circuit Limit is same on both exchanges i.e.10%.

Hi Jnj,

Has it confired that the circuit limit has increased to 10% on both exchanges?

If so we can soon expect the same for RIIL also , I think.

Please advise.

 

[ashishdewan1010]

Any news
when did the circuit limit changed to 10% for JC

 

[jnj333]

Circuit limit has been increased from today only. If JC hits a few UC in this circuit limit then it may again be changed back to 5. Circuit limit of RIIL will not be changed as it is already hitting UC for some days now.

 

[MiLiNDOnline]

Circuit limit has been increased from today only. If JC hits a few UC in this circuit limit then it may again be changed back to 5. Circuit limit of RIIL will not be changed as it is already hitting UC for some days now.

Thanks for this info JnJ, you specified that --> If JC hits a few UC in this circuit limit then it may again be changed back to 5. does this mean that JC will not hit UCs?

 

[jnj333]

Thanks for this info JnJ, you specified that --> If JC hits a few UC in this circuit limit then it may again be changed back to 5. does this mean that JC will not hit UCs?

Changing the circuit limit is done by the exchanges to safequard the investors, if a stock has 20% Limit and it hits 20%UC for few days, exchange changes it to 10%, even then if it keeps hitting circuits, it is changed to 5% so as to safequard investors incase the stock hits Lower Circuit. Dont bother much about circuit limits but we should be concerned that Jai Corp shows the bullish trends which it showed today.

 

[MiLiNDOnline]

Changing the circuit limit is done by the exchanges to safequard the investors, if a stock has 20% Limit and it hits 20%UC for few days, exchange changes it to 10%, even then if it keeps hitting circuits, it is changed to 5% so as to safequard investors incase the stock hits Lower Circuit. Dont bother much about circuit limits but we should be concerned that Jai Corp shows the bullish trends which it showed today.

Thank you for this info Jnj..

Highly Appreciated

 

[manafa]

While I am happy about the UC Limit increased to 10% - The real question is why the surge in price. What prompted so much interest in the stock and how sustained this interest will be in the short/medium term. Has the fundamentals changed in the last one day or so - Is this a knee jerk reaction to Reliance going out with an IPO or Jai has plans that somehow leaked in the grapevine ?

Any information would be helpful.

Thanks and Happy trading.

 

[MiLiNDOnline]

While I am happy about the UC Limit increased to 10% - The real question is why the surge in price. What prompted so much interest in the stock and how sustained this interest will be in the short/medium term. Has the fundamentals changed in the last one day or so - Is this a knee jerk reaction to Reliance going out with an IPO or Jai has plans that somehow leaked in the grapevine ?

Any information would be helpful.

Thanks and Happy trading.

Hi,

You are right, there are many questions raised such these.

But I guess we need to wait to get the answers.

Regards!

 

[visakk]

Surprisingly one of the guest posted the following message on MMB on Saturday itself

"In the past also whenever they changed the circuit filter from 5% to 10%, the stock has started upper circuit. I guess on the monday morning it may open -ve, as 1) US markets are down 2)The operators will try to bring the price down to buy more and before 2pm, it should be at 10% UC.
Enjoy the upward journey."