Cafe Coffee Day shares plunge to record low after VG Siddhartha goes missing; should you buy or sell stock?

- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Shares of Coffee Day Enterprises, which runs the Cafe Coffee Day outlets, plunged to a record low on Tuesday morning, after founder VG Siddhartha went missing and a letter written by him admitting wrong business decisions came to light. Coffee Day Enterprises shares plunged 20% to hit the lower circuit at Rs 154.05 on BSE. According to experts, there is still uncertainty and investors must wait for management commentary to gain more clarity. However, those holding the shares would be better off exiting the stock.
“If we take a broader look at CCD shares, the stock is in a continued downtrend ever since it marked a high of 318. Following today’s lower circuit, the short term investors should exit as the stock may take some time to stabilize,” Milan Vaishnav, Consulting Technical Analyst, Gemstone Equity Research & Advisory Services told Financial Express Online, adding that the longer-term investors should continue to remain invested with a medium-term investment horizon.
According to investment advisor Sandip Sabharwal, the key is whether the liabilities mentioned in VG Siddhartha’s letter were personal liabilities or also impact the company. “Leverage has been an issue with the company but it also has assets. Exit might be tough as the stock is on lower freeze and might remain so for some more time. Results, management and Board of Directors commentary will need to be closely monitored,” financial advisor Sandip Sabharwal told Financial Express Online. Mustafa Nadeem of Epic Research notes that the future course will depend on the new management or anyone from existing how they handle and take things forward. Meanwhile, Cafe Coffee Day has said that the company is professionally managed and led by competent leadership team, which will ensure continuity of business.
In a shocking revelation, CCD founder VG Siddhartha said that he faced turbulence in business, talking about the enormous pressure that he faced from lenders that made him succumb to the situation. “I have failed to create the right profitable business model despite my best efforts,” VG Siddhartha said in the letter dated 27 July 2019, released by ANI. Financial Express Online has not independently verified the authenticity of the letter.
- To know more about us or our services,
- kindly visit www.buildcaps.com
- Best Investment adviser in India & Genuine Stock advisory company.
#1 stock adviser in India 100% Sureshot operator calls Best Intraday calls provider Best Intraday Tips Best Intraday tips provider Best Investment adviser in India Best stock advisor Best stock advisor websites Best stock advisory company in India Best stock tips provider Best stock tips provider in india Fund Operator calls Genuine stock market tips provider Genuine stock tips provider how to earn profit in stock market India no 1 stock advisory company India’s top rated advisory company India’s top rated Stock tips provider Intraday calls in stock future Intraday calls in stock market Intraday Jackpot tips Intraday Sureshot tips Intraday Sureshot tips provider Intraday tips Intraday tips in F&O Intraday trading in share market Intraday trading techniques Intraday trading tips Intraday trading tips & Strategies Intraday trading tips in stock market Investment adviser Investments Most Accurate stock tips provider Most reliable stock tips provider Most successful advisory company in stock market Most successful stock advisors in india no.1 stock tips provider Operator based calls Operator based intraday stock tips Operator based intraday tips Operator based options tips Operator based sureshot calls Reliable stock advisory firm Reliable Stock tips provider Reliable stock tips provider in stock market Top rated Portfolio Management services Top rated SEBI registered stock advisory firms
Archives
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
Categories
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Calender
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | |||||
3 | 4 | 5 | 6 | 7 | 8 | 9 |
10 | 11 | 12 | 13 | 14 | 15 | 16 |
17 | 18 | 19 | 20 | 21 | 22 | 23 |
24 | 25 | 26 | 27 | 28 |