InvestorQ : why not bought in uvsl at limit price 0.05
thangavel made post

why not bought in uvsl at limit price 0.05

Answer
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Moii Chavate answered.
1 year ago


Uttam Value Steels is currently under insolvency resolution. That means even the lenders of the company will only get pro-rata after the assets are sold off. Equity shareholders will get nothing. Normally, this stock has a seller at 10 paise and buyer at 5 paise. So you can hope to buy the stock at 5 paise and sell at 10 paise. More often than not you will only lose money in such stocks. But if you are really keen on losing money, there are many more interesting ways to lose money in this world.