Bartronics (Cmp 181) Hyped stock by Media.Weekly chart -Strong resistance at 188 & 199.
Only on confirmation of Order can move it to next resistance zone of 249.
Above 249 next targets should be 292-359-444.(Don't Dare to dream Big yet)
170 below either it will lose the race for getting handsome pie and can get support at 140.
Co closely associated with national ID proj: Bartronics
Watch Sudir Rao recent Comments on Project Click Here
Few things that makes Bartronics an failure for million $ baby.
1. First Generation Promoters.
2. Promoter Pledges shares.
3. Continuous rising debts.
4.Falling Promoter stake.
5.In spite of good sales i havent yet noticed their products in Market.
6.Fails to get any Employee ( Very Rare are ) on Social Network Sites like LinkedIn.Raises Questions. Is it next Satyam? (Satyam do have false employee list)
7.Since last three years i had not got annual report although i am shareholder.Any Explanation ?
What can make it million $ Bartronics.
1. Tie up with IT peer be it Infosys / TCS for bidding
2. Trading above 250 Rs.Only Big Fish can support it and they don't fall in love with anyone without any reason.
3.Should take Lessons from Infy.As my friend says "Expect the unexpected".
National ID project is a Big Dream Project for many (India /Nandan Nilekani/ Bartronics/Gemmni Communication).
Next 3 years can metamorphose Bartonics & India.
Lets see how the things unfold for Bartronics.
Disclosure- I hold Bartronics.Icould be Biased.
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8 comments:
I confirm. And I have faced it.
"Want To Loose Money Invest In Bartonics" -Nothing clear about this company - whole time directors resign & parent sujana Group not giving assurances on the liabilities
SOME FAKE CALLS BY PAID OPERATORS
1)Buy Bartronics India; target of Rs 170: Hem Securities - pub on june 21 2010
2)Bartronics to rise substantially over next 9 to 12 months: Nagpal, Unicon Financial Solutions - pub on june 18 2010
3)Bartronics India likely to see 10% upside: ICICI Direct.com - pub on april 07 2010
4)Buy Bartronics India; target of Rs 184: Fairwealth - pub on May 31 2010
5)Sell Bartronics India: target Rs80 to 120 range : - pub in July
BARTRONICS REPEATING INDUS NETWORKS
Why the Big guns are reducing the stake? Big Question.
Now another interesting fact. I saw a report that asked Retail Investor or the general public to buy Bartronics. If you see the retail investor holding in last 9 months it has gone up from 22% to 36%, an increase of 63%.
The small investor is buying something which Smart people are selling!! Is Retail Investor more smart that FIIs, Does small investor has more information about the company than promoters, Does small investor has more risk appetite than a wealthy NRI?This is simple case of offloading to the small investor by fooling them and adds to another everyday frauds that happen in India.
Bartronics looses UIDAI based Public Distribution System order to HCL - A very very Big loss to the company
"NO RETAIL INVESTOR HAS EARNED MONEY IN BARTRONICS",When the CMP @200, @185, @170,@141,levels all stayed invested basing on the assurances given by the managment on company`s future prospects & but all have lost money ...
"Bartronics Md Sudhir Rao - Blames Parent company Sujana Group For Financial Mess"
Bartronics a Fraud:How come the news & statments given by the company are RUMOURS WAKE UP INVESTORS BEFORE TOO LATE...
Bartronics is a becoming a SCAM as SAME AS INDUS NETWORKS - A company promoted by sujana group, which was headed by siripudu prasad, Same steps- Declares Rs.1/- divident, sujana group sells its shares to proxies - satya traps & xyz, then siripudu resigns from accoutability,retail investors conned by stories of expansion & business propectus, shares price falls - THESE ARE FACTS ..
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