Stock has moved up and is steady as Underwriters have to take up a HUGE quantity of shares which would lead to sizeable losses and possible sent these Underwriters to the Undertaker.However the Promoters have no alternative but to keep the price steady to encourage/request/persuade the Underwriters to honor their committments.
Again a good chance to exit as later on stock should keep on declining on lack of buying support.I mantain my target of 45-65 on the stock which should materialize after the Quarterly results are declared....

I doubt it.......yes,in fact it is at such low levels that it is a sizeable strong buy.Why? Business from this company accrues from India itself and not from USA.It is in a niche evergreen field which is well shielded from recession.Elections also are approaching which will give it a chunk of revenue.Results are excellent and will continue in this quarter too.
Yes, the problem is that FIIs who hold a chunk at much higher rates have been exiting not because of the stock being in problems but because of their own liquidity problems.
All in All a good dividend paying growth stock for a "Buy & Hold" at these levels and below if it does fall furthur....

Its ok yaar.........yes,interesting reading UR post..........Yes UR SOT analysis figures need SWOT analysis in these type of markets.Please do not use the words`half-baked``malicious`etc as this is NOT the method,please,to come to terms with UR stock-market losses.Remember ALL are stuck and a bit upset/possibly angry, with capital depreciation and not U alone.Regards.Jd.
P.S. Forget UR posts and SELL all as I expect the markets to collapse by another 30-40% in this global meltdown....

I concur.Its not only DUStocks but ALL stock-market tipsters who have failed,in fact `Flash News` c/o Dalal Street Journal and one of the most expensive tipsters has given all losing tips and if one followed them then one would have been ruined eg they gave `Core Projects` as a strong buy just three days back and yesterday it fell by a whopping 43%!!
I subcribe to them `cause I make a note of their recommendations and also that of quality tipsters on CNBC etc and then by and large do the opposite.Believe me,it works!...

Please read the post below `cause as Global auo shares slump Tata Motors will soom be below 200 levels;best to exit and reject the rights:
By David Bailey
DETROIT (Reuters) - General Motors Corp shares fell to their lowest level since 1950 on Thursday as concerns mounted that an industry decline that started in the United States was spreading and a leading forecaster warned global auto demand could "collapse" in 2009.
GM shares fell as much as 22 percent to $5.42 -- driving its market capitalization to its lowest level since 1929, according to California-based Global Financial Data.

Shares of Ford Motor Co, which hit a quarter century low on Wednesday, shed as much as 13.5 percent and major auto parts makers declined as well.
GM`s market cap stands at about $3.3 billion, compared with a market cap of about $4 billion in March 1929 before the stock market crash that preceded the Great Depression.

U.S. auto sales have fallen nearly 13 percent through the first nine months of 2008 and forecasters expect the worst year for sales since the early 1990s, and further declines in 2009 as the industry buckles under weak consumer demand.

The reports added pressure on U.S.-based GM, Ford and Chrysler, which are deep into restructuring plans and looking for ways to conserve cash until sales rebound.

Of GM, Fitch Ratings managing director Mark Oline said: "There are heightened concerns that the economic conditions and the credit crisis will take a deepening cut out of volumes."

GM has announced plans to try to increase liquidity by $15 billion through cost cuts, asset sales and new borrowing.

GM spokeswoman Renee Rashid-Merem said the automaker remains focused on its liquidity plan and declined to comment on its stock price movements.


GLOBAL AUTO OUTLOOK IN QUESTION

Oline said GM`s main difficulty is in the deteriorating domestic U.S. market, but there is concern that a global downturn in demand could hit GM`s international operations as well, particularly in Western Europe, Russia and China.

"A further cut in volumes calls into question the adequacy of their liquidity and raises concerns about trade credits throughout the supply chain," he said.

GM, the largest U.S.-based automaker, posted a $15.5 billion net loss in the second quarter and plans to increase production of more fuel-efficient cars in NOrth America to adjust to dropping demand for pickups and SUVs.

GM could be expected to update its liquidity plans when it posts third-quarter results. It has not said when it will report its earnings.

Analysts and auto executives cut U.S. light vehicle sales forecasts for 2008 and 2009 as high gas prices buffeted sales of large vehicles earlier in the year and the credit crunch further weighed on consumer confidence in recent weeks.

More recently, there have been signs of slowing in mature European markets and more moderate growth expectations for emerging markets where automakers had aimed resources.

Influential industry forecasters J.D. Power and Global Insight have lowered expectations for 2008 U.S. light vehicle sales and predict a slow recovery. They also questioned sector growth in key regions overseas.

"While the global automotive industry is clearly experiencing a slowdown in 2008, the global market in 2009 may experience an outright collapse," said Jeff Schuster, J.D. Power`s executive director of automotive forecasting.
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P.S. See my posts on `Hindalco` board.I recommended all small investors to reject the rights and exit completely when the stock was at 98;again when the stock was at 90 I hastened those who have not sold to GET OUT.Now the stock is at 80 levels and will soon reach my target which is in the broad range of 45-65 levels.Be Alert,small investors....

Of course it will.......till the deal goes through the stock HAS to be artificially supported.My target of 160 is a one month target....

Results for last quarter were below expectations and results for this quarter are expected to be lukewarm.Also melting global markets are taking a toll on all financial stocks.Hence I feel that this stock could soon tank sub-20 levels.The way markets are tumbling coupled with a global slowdown will result in many dividend paying companies likely to skip/reduce dividend in the future.
P.S. Ithink its best to exit now and re-enter in the range of 16-20 levels....

With all due respect to what you have to write - I BEG TO DIFFER. Sorry but thats the truth. ...

GM has lost 94% of its networth from peak & now has only 2.6 billion doller. GM is likely to become bankrupt within few days!!!!!! Now TATA motors should think to buy GM plants in India instead of setting new plant in Gujrat for Nano....

1202 Friend, DUstocks is not a tipster but a methodologist. He is doing a very good service in MMB and many have benefited because of him. Check for details before criticising anyone and if X fails do not be blaming A~Z. Thanks...

Your current reponse is as incongruous and irrelevant as the first one. Please take good care of YOUR capital, and leave the safety of MINE to ME ! Cheers....

Tipster ? Me ?? Dig out and show a single post of mine that has ever issued a single buy/sell call/tip. You certainly can`t blame me if in spite of my repeated REMINDERS boarders REFUSE to learn that SOT analysis figures are neither calls nor tips but merely DIRECTIONAL interpretation of emerging trends (bullish or bearish). I have no remedy to recommend for `egg-head` and `stone-walled` style of boarders. I`m simply a man of FnO operatives, and that is precisely what I discuss in my various posts/threads. So, get down to more imortant market tasks ... rather than spreading your half-baked, malicious intent around MMB boards !...

Why Vakrangee Software Limited`s Share is falling so much, can anyone give idea about the reason of such a non stop and perhaps highest fall of shares without any visible reason. Can anyone give idea about expected result for September quarter and order book and future prospect of Vakrangee Softwares Limited. And other news about the Co Vakrangee Softwares Limited...

US withdraws motion against ranbaxy.......................................