Harry Potter 1815 days ago

CAUTION – Big Danger Ahead - LnT top-brasses were on selling spree, Chairman Mr Naik sold his LnT shares (Rs 1200 apiece) worth 70 crores in 20 days - March 2014. Post Q1-2014 results LnT plunged by 8 %, biggest intra-day decline since July 2009. Post Q2 results LnT share plummeted from high of 1673 to low of 1450 (17 Dec, 2014). Post Q3 – 2014 results another big intra-day fall of 7.44 per cent. Post Q1 – 2015 tumbled by 5 per cent in early hours trade, Q1 profit tanked 37 per cent. Average of lows of last 12 years (Jan to Dec, 2004 till 2012) is Rs 622. Average of highs of last 12 years is Rs 1124. Averages to Rs 875 apiece. Closed today at 1485 from all-time and 3 month peak of 1879. Inherent malignancies – Hydrocarbon and Ship Building losses of Rs 900 cr each, Hyderabad Metro cost overruns Rs 4k crores, Rs 5k crores stagnating investment in Defence. Aging CXO-MD population of septuagenarians, leading the pack 73 yrs old Chairman Mr Naik completed 50 yrs with LnT as Paid Employee. Post Q2-2015 results - 3 year low of 722 or 6 year low of 386? State owned LIC/UTI are biggest stakeholders at LnT. PM Mr Modi, should intervene to fix retirement age at LnT from SCANDALOUS 75 to 60 - ASAP!!