Price : BSE: Rs 158.60 ( 5.00 % )
my view on thsi stock is simple to beleive that shardul is a mukesh ambani front merely because the promoters father happens to be RILs auditor(one of three auditors) is too simplistic
again im may be wrong but i think this stock should be rated more on its performance and less on its ambani connection
performance wise its a great buy if last quaters good results are repeated this time too then we can know its not just a one time sale of assets that gave good results
A break up of the revenues and profits (brokerage ,sale of shares merchant banking revenues etc)will also help in making a investment descsion
Posted by: Kalidas on (16-May-08 23:07 )
for jasavi
Never touch any broker\\`s or investment bank\\`s stock during financial crisis or severe stock market correction. One can lose almost 90%. Look around you who is in trouble? UBS (investment bank), Citicorp (Investment bank + broker (Solomon Smith Barney); Lehman Brothers (Broker+Investment Bank); Merrill Lynch (Broker + Investment Bank); Morgan Stanley (Broker + Investment Bank) and failed Bears Stearns (Broker)
Recently, Bloomberg also reported that most of Indian brokers are in deep troubles because their customers did not pay up when the SENSEX tanked 3000 points. They are still not treating these bad debts as such or even NPA. they are advised by their Chartered Accountants not tp provide for another 8 quarters (or 2 years), possibly because Law of Limitation invalidates the bad debts after 3 years.
I would not even look at the name you mentioned. these are all story stocks and people talk them up by rumoring their relationship with one or the other Ambanis. Even house cleaner of Ambani, if he floata a company, may get boost for share price only because he is related to or involved in day to day activity of Ambanis.
Brokers strength is only \\`people\\` who bring in the business. The computer terminals or glossy offices are all facades. If leading partner leaves the firm, he takes with him another 10 followers and their accounts.
Not much difference between a broker and a street woman. take your pick.
With renewed buying, the share closed at 158/60 at UC. Next week, it should be better.
Posted by: stox & more on (16-May-08 22:27 )
This stock has no volume. It was traded today with only 2752 as volume. It is not traded at NSE in last one month. High is 619 in nov dec 2007. But low was in last may 34.
debt is more than share capital. Net profit is reduced in last quarter as well net sales. Stock seems will not do well for profit. It will not give a good gain to traders.
There is no company back ground, no financial details and no holdings in MF. Shardul Securities Ltd has informed BSE that the Company shall publish Audited Financial results for the financial year ended March 31, 2008 on or before June 30, 2008 and hence shall not publish / give Un-audited financial results for the quarter ending March 31, 2008. on August 29, 2007, has noted the resignation of Shri. Gagan D Chaturvedi, Vice-Chairman, Promoter Director of the Company. on December 03, 2007, has noted the resignation letter dated November 28, 2007 of Shri. Mukesh T Shroff, Director of the Company. we can not recommoned this scrip to any body as the real picture of the company is not clear.
regards.
Watching Shardul and also holding minumum quantity. Too earlity to predict. See Mercator Lines. They have impressive results and latest disclosure is regarding Companies involvement in overseas coal mining which is in the preliminery stages by 2010 the will be supplying coal to our power plant. With the added advantage of own shipping facilities, feel this Company is going to do some wonders in the coming years. Hence it is an excellent pick for long term. Pls watch it. Also I have new stocks in my reco LG Balakrishnan, Confidence Petro and Kirloskar Brothers.
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