Hi fellow traders!
Jubilant has moved 20% since beginning of March. I have been short on it at 1112/-. It is now at 1280/-. I fail to understand what could be causing this movement and is it to continue? Should I book my looses and move out or continue with my position?
I know there have been a couple of brokerage reports saying that 'same store sales' decline should not affect the company significantly as it would be compensated by growth in the number of stores in Tier 2 and 3 cities. But still i fail to understand such a massive move.
Any help would be appreciated!
Thanks!
Jubilant has moved 20% since beginning of March. I have been short on it at 1112/-. It is now at 1280/-. I fail to understand what could be causing this movement and is it to continue? Should I book my looses and move out or continue with my position?
I know there have been a couple of brokerage reports saying that 'same store sales' decline should not affect the company significantly as it would be compensated by growth in the number of stores in Tier 2 and 3 cities. But still i fail to understand such a massive move.
Any help would be appreciated!
Thanks!