Stocks

IF demerger fails Anil will be V P of R I L

Reliance Natura

Posted by : rvk41
Price when posted : BSE: Rs 70.20 ( -1.34 % ), NSE: Rs. 70.25 ( -1.40 % )

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Anil Ambani is legally entitled to be reinstated vice chairman of Reliance Industries Ltd (RIL) if its de-merger on the basis of the family pact fails, counsel for Reliance Natural Resources Ltd (RNRL) told the Supreme Court Wednesday.

The failure of the de-merger scheme also exposes RIL to the prospect of being wound up, said Ram Jethmalani, counsel for RNRL, while arguing before the three-member bench that is hearing the high-profile Krishna-Godavari gas dispute case.

"This will not be in the interests of millions of RIL shareholders," the counsel told the bench of Chief Justice K.G. Balakrishnan, Justice B. Sudershan Reddy and Justice P. Sathasivam.

"Under Section 392 of the Companies Act, if the scheme is not implemented, as envisaged, Anil Ambani is entitled to be reinstated in RIL board with full powers as existed before the July 27, 2004 board resolution."

Prior to that, Anil Ambani was vice chairman, managing director and on the board of RIL.

The senior counsel said since Anil`s elder brother Mukesh is chairman of the company and its "alter ego" now, neither he nor the company were entitled to take the position that the family reorganisation pact was not known and take exemption from its liabilities.

He said the RIL board resolution of July 27, 2004, virtually stripped Anil Ambani of all powers, status, honour and dignity while giving complete control to Mukesh Ambani. "This was the source of both anger and humiliation for Anil Ambani," he said.

"As promoter-director -- lifetime director -- Mukesh Ambani is not liable to retirement and does not require the resolution of shareholders," said Jethmalani.

Accordingly, RIL cannot claim that the family business reorganisation pact brokered by Kokilaben, the widow of the empire`s founder Dhirubhai Ambani, between her two feuding sons, is not binding on the company.

"The court has the power to supervise the scheme (of de-merger) which definitely ensures all hurdles are removed in the proper implementation of the scheme, particular those arising from dishonest conduct."

The three-member bench has been hearing the dispute over the supply of 28 million units of gas for 17 years at $2.34 per unit to Anil Ambani-led RNRL from the gas fields off the Andhra Pradesh coast, awarded to Mukesh Ambani`s RIL.

The price, tenure and quantity were based on the 2005 family pact, but RIL subsequently said it could only sell the gas for $4.20 per unit, as this was the price, the company claimed, fixed by the government.

The Bombay High Court had earlier ruled in RNRL`s favour.

For information,with regards
rvk41...

tgt 350

DLF

Posted by : rj1980
Price when posted : BSE: Rs 362.15 ( -2.91 % ), NSE: Rs. 360.90 ( -3.31 % )

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Where do you see the support(which it should not break).


regards,
...

In reply to:

tgt 350

Posted by : eurostar

when u have 2 run fast or jump long....u tend to take a few steps back for the leap..
simple logic
dlf is all set to reach its issue price in a month
525+ is my target

900

Tata Steel

Posted by : basit222
Price when posted : BSE: Rs 562.20 ( 0.86 % ), NSE: Rs. 563.10 ( 0.79 % )

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buy Tata Steel and forget it,one positive news can push the stock to 900...

Well-engineered to Head towards Rs 150 zone

Triveni Engg

Posted by : Guest
Price when posted : BSE: Rs 105.90 ( 1.97 % ), NSE: Rs. 105.95 ( 1.92 % )

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The stock of Triveni Engineering appears to be now well-engineered to head towards Rs 150 zone. And the reasons are aplenty - rise in Nett profit by 175% in its latest announced results. Other hint is by the result of Balrampur Chini in UP itself, which has gone up by about 290%, the result of Shree Renuka Sugar, which has appreciated its Nett profit by about 250%. And the profitable journey continues. This co is ideally located in the sugar producing heart of EAST-northen UP, and the market is readily available in the metropolis cities itself, amid demand-supply gap that is going to be firm. Apart from this, the sugar Farmers` imbroglio has now been solved, for the better rate than expected. It will all benefit this well-diversified and engineered sugar-giant and one can see its share price zoom past Rs 150 level, in about 2 months time. Accumulate this stock at every decline, if any. ...

900

TCS

Posted by : basit222
Price when posted : BSE: Rs 703.60 ( 0.74 % ), NSE: Rs. 702.80 ( 0.54 % )

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buy tcs and forget it,one positive news can push the stock to 900...

globus spirit

Globus Spirits

Posted by : jenish savla
Price when posted : BSE: Rs 87.80 ( -2.61 % ), NSE: Rs. 88.15 ( -1.78 % )

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hold 125 soon 3-4 months...

In reply to:

globus spirit

Posted by : avijit72

I have 1000 shares of this stock @ 88.53.What is the future of this stock?Shall I hold or quit?Please give me advice what shall I do?

Regards,

Avijit

beware of this dead stock

HFCL

Posted by : Guest
Price when posted : BSE: Rs 10.09 ( -2.51 % ), NSE: Rs. 10.10 ( -2.42 % )

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Many thanks for this info. I thought I buy at this rate. I wait for to buy another 25K at 8....

In reply to:

beware of this dead stock

Posted by : 6884

it is artificially maintained at this level it could slips below 9 soon and then touch 8. it is very honest advise sell it sell it sell it

500

Cipla

Posted by : basit222
Price when posted : BSE: Rs 326.10 ( -0.28 % ), NSE: Rs. 326.10 ( -0.53 % )

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buy cipla and forget it,one positive news can push the stock to 500...

ceekay daikin

Ceekay Daikin

Posted by : gnpgog
Price when posted : BSE: Rs 52.10 ( -4.49 % )

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The operator of the stock appears suffering from swine flue so missing from the market.That is why very low volume and no price fluctuation even when other auto ancilliary shares are rising and lot of activities on volume front also....

Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.

Mahindra Satyam

Posted by : bathulavb
Price when posted : BSE: Rs 90.55 ( -10.92 % ), NSE: Rs. 90.75 ( -10.68 % )

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Addressed to  sukhoi37

You won`t get the answer unless you go to Himalayas. There also no answer , just you stop bothering about these things....

In reply to:

Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.

Posted by : sukhoi37

But what is the guarantee that Mahindra is not hiding anything? I remember the recent saga, Maytas were saying Satyam has to pay them some hundreds of crore and vice versa.

Little off topic question: Do you believe most of the corporates (say 90% out of Top 100) indulge in wrong business practices like getting cheap (and illegal) land by colluding with Govt, escaping Taxes, fudging accounts, inflating balance sheets, rigging share prices etc?

If yes, then what is the use of all this education, schools, colleges, corporate ethics (ironically i most companies teach to their employees!) etc who teach utter nonsense (which are not going to happen in our real world)?

Reason why i asked these question is am in a big dilemma (struggle in my mind). I will share in detail once i get a reply...thanks.

Auro at 1300 by March

Aurobindo Pharm

Posted by : Guest
Price when posted : BSE: Rs 846.90 ( -1.71 % ), NSE: Rs. 848.30 ( -1.87 % )

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one can buy this stock with stop loss of Rs.795/- and target in 4 digits before march....

In reply to:

Auro at 1300 by March

Posted by : PUNTER

FY 10 EPS seen at 100+ ...... 1300 by March

Heading 4 a Crash

TCS

Posted by : Guest
Price when posted : BSE: Rs 703.60 ( 0.74 % ), NSE: Rs. 702.80 ( 0.54 % )

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The stock of TCS is heading towards a crash. The co is good, no doubt. But, it has rallied towards 710 zone, w/o any cheering news, in the past week. It has been seeing resistance at Rs 695-700 level, for a long time. Further,it cud come to Rs 700 plus level, because of the market remaining firm. But, in any market correction in the next few days, which is imminent, TCS will be among the 1st casualty. It may drag down the stock to Rs 640-650 level. Re-enter the stock then, at these level. At present, there is no charm left in the stock, as far as appreciation in its price is concerned. Use every rise, if any, to SHORTSELL. Avoid fresh entry, till it reaches its target of about Rs 650 or 640....

on the uptrend..

Paramount Comm

Posted by : jashn24
Price when posted : BSE: Rs 14.90 ( -0.27 % ), NSE: Rs. 14.60 ( -2.34 % )

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Addressed to  nadhi

dear nadhi,

i too found ramsarup the same, great co, business, but way too overpriced now. thanks for pointing out about gpil, it`s back/front integration is its hallmark.of course, no better way than to keep free shares,zero risk :)

Regards,
jashn...

In reply to:

on the uptrend..

Posted by : nadhi

Dear jashn24,

I meant power utility. I like utility than power itself. Ramsarup is a great stock but for it`s price. I feel that the price discounts every positive side of it. I am very conservative when it comes to price. As far as GPIL, there are two aspects. One, that I am holding it for free. The other one is that I never look at a few quarterly results to buy or hold a stock. It is a great company and it will proove as such in a short period.

You might have noticed while the negative news has a sudden impact where as the positive news has either no effect or negative impact in some scrips. The reasons are obvious as you know.

Regards

Nadhi

BUY DCB COMPANY WILL TURNAROUND IN 2 QUATERS.......TGT 100+ MARCH2010

DCB

Posted by : Guest
Price when posted : BSE: Rs 37.70 ( -0.40 % ), NSE: Rs. 37.55 ( -0.66 % )

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Do not rush to buy, will come down to 34-35, have patience......

In reply to:

BUY DCB COMPANY WILL TURNAROUND IN 2 QUATERS.......TGT 100+ MARCH2010

Posted by : bull_opinions

Accumalate DCB on every declines bulls might be runin soon after sucessful QIP and now good results awatinnnnn.....hope for the besttt

Advice needed....

Glenmark

Posted by : murlipahilwani
Price when posted : BSE: Rs 253.85 ( 1.50 % ), NSE: Rs. 253.70 ( 1.70 % )

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you r right my target is 300+...

In reply to:

Advice needed....

Posted by : savirghai

Hold This. You Will Get 300 Soon