Two Amtek group companies — Amtek Auto and Amtek India — have converted a large number of warrants held by different entities belonging to the promoters. According to disclosures made to the BSE, they allotted 76 lakh shares and 59 lakh shares respectively on November 5. Post conversion, promoter stake in these companies is expected to have gone up by 3.3% each. The converted lots were the fresh warrants issued after cancellation of the earlier ones, said Santosh Singhi, CFO, Amtek Group. “There was no desperate need of funds. The conversion would help the promoters strengthen their holdings in the companies,” he told ET. ...

Excellent point i agree....

What`s ur opinion on Time increase for share mkt 9 - 5. I think morning time is right we can compare with Singapur Nifty but evening time is not giving any gain . closing time 3.30 is perfect if they want to increase time then increase up to 7pm atleast we will cose with commodity mkt....

Yesterday the perfect analyst was rudra_sinha and radhika_nandlal Today Closing of Mkt? Please give ur opinions. Considering the following matters : - 1. Asian Mkts fall 2. Dow and nasdaq fall 3. Tommorow will be expriy 4. Nifty Future Disc. 3.3 5. Indian mkt r doing outperform 6. Profit booking may high today on upper level 7. Reliance may lead mkt to downside My opinion: - Mkt will go up and Nifty may return from 5120 and if it breaks then from 5140. Mkt can close negative today. Around near 5000...

no mwrger of dena wth canara has been announced. all this is a mere rumor and dena share has gone up on this rumor and is bound to come down soon,the bank has a very high NPA like canara , iob and bank of india. based on first 6 months results, and annualising them, dena will have eps of 16.6 and canara 71. at 83 pe of dena is 4.9 and canara 5.4, dividend yild of dena is 0.5 , canara 2.1, gorss npa of dena 1.98 net npa 1.24 giving a coverage ratio of 37 % for canara this ratio is 27. as per rbi guidelines, recently announced the coverage ratio needs to be 70% in thenext 4 quarters . thus both canara and cdena will need to make substatial provisions which will depress their net profits after taxes. the share price is not governed by one factor namelt pe ratio but is dependent upon various parametrs like pe ratio, op multiple, mp/adjusted net worth( gross minus net npa), dividend yield, FII interst in the shares, quality of mgmt and quality of earnings. it should be noted that dena bank provisions in sep 09 q were very low. at 15 million against 406 m in june 09, last year data in millions june 500, sep 372, dec 462, march 09 514, dena banks opearting profit(profits befiore provisions )came down to 1615m in sep 09 from 2014 in june 09 q . due to non providing of provisions, and lower tax of 354m against 457m in june 09 q, net profit was slightly higher at 1246m against 1151m in june 09 but going forward the [rofits of denawill nose dive as they need to make high provisions. on the other hand canara bank net profit in sep 09 q were 9105m up from 5553m in june 09 q. operating profit at 14191m in sep was very much higher than june 09 of 10413m . one needs to look at the trens also in various financial parameters. thus in the best case if dena is merged with canara the swap ratio will favour canara. in my view the mweger is only a rumor and it will take atlweast 2 years even if the megers in psb take place. till then the share price will be governed by the performance of banks going forward and on parameters which i have listed. hence the investors must not be carried away with the so called rumors but act on bank performance only. ...

Young Shud be frugal, save but not take risk, for the name of risk, or whatever it is, they are fleeced by conman, and it applies to our country, which is young, in a relative sense, to the so called advanced eco. of the world. CNBC not telecasting the live telecast of Jt. Press Conference of our P.M. and US Pres, An english channel, but the that is there on CNBC awaaz,A HINDI Channel, though the press conference was IN ENGLISH. ...

Sure. Which ones were they again??...

Guptaji!
As you know the index is built sofar on the rise of bank stocks,In some cases the PE ratio is in uncomfortable zone.However the support by bank shares will continue,thanks for good pick in allhabad bank,It will help people...

the stock has now decesively penetrated the 50DMA 50 level coupled by the good news promoters increasing their stake, FII aready encroached in big way, now we can expect 65level soon.grab the oppurtunity....

Two Amtek group companies — Amtek Auto and Amtek India — have converted a large number of warrants held by different entities belonging to the promoters. According to disclosures made to the BSE, they allotted 76 lakh shares and 59 lakh shares respectively on November 5.

Post conversion, promoter stake in these companies is expected to have gone up by 3.3% each. The converted lots were the fresh warrants issued after cancellation of the earlier ones, said Santosh Singhi, CFO, Amtek Group. “There was no desperate need of funds. The conversion would help the promoters strengthen their holdings in the companies,” he told ET.
...

MUMBAI: A growing number of promoters are rushing to convert their equity warrants ahead of the maturity, an indication of their regaining
confidence in the shares of their companies.

Aditya Birla Nuvo, HCL Infosystems, Amtek Auto and Amtek India are a few notable examples where promoters have converted warrants and consequently raised their stakes in the respective companies within a few months of the allotment of the instruments. Economic times news24th november2009
...

The share price found good support at 98.Just penetrated through 50DMA. @103.50.It indicates bullish trend now.the index moving up an encouraging sign for this stock to reach previous high 150....

The Sharekahan expert view on India cement Target of 135.Hold for good profits.this share has not grown on par with ultratech and others i the last run,Now its time has come.......

if you have any fresh information please share with this board....

this is great message!!!
unless you express your views how you will know wether you are wrong or right.I always stands correction on this board of really worthy people.There may be naives who out of ignorance make wrong comments.quitters never win winners never quit....

Eienstein world famous scientist once said after a bubble inUSA when he lost big money, that "you can predict any thing on earth, except the peoples reactions in stock market."when sky is said to be falling everybody runs away.we are human and don`t think about perfection.Further no one can insult you without your permission.Keep doing service by sharing your knowledge.a good investor is prepared for both a boom and bubble.if you hit a bulls eye only few will recognise you, if you fail lot of voices criticise you.it is all human stay and post your feelings donot fear. no body is going to sue you....

dear Udayan
the debate is going on that the present valuations are not justifying the sensex level and it is fake rally driven by cash flow.I want to express my openion that this is not a artificial rally at all,it is peoples aspiration to earn money by investing.regarding the valuations, it is my openion if you look at sensex with rupee perspective the price gone up, if you refer the same in buying power of the rupee it actually gone down.suppose if you go to market with 100rupees in 2000 you may get 10kg rice, if you claim the bank interest on the 100 it will become 300 now if you go to market it will not be able to purchase 10kg good rice, what people are seeing rise in prices is actually degrading of currencies in what ever country.so the valutions should be done in this new perspective.The day will we have to purchase the same at high value....

I wish to convey my hearful congratulations to all fellow boarders, The money control team led by Udayan mukergee, on the eve of celebrating the 10the anniversary of MOney control india. I am also happy that I am added to platinum group of boarders.The exchange of ideas on this board is quite useful and senior boarders are giving excellent unbiased views every day to help starters, great many more years for this channel and forum...

Please compare the CMP/net prOFIT IN CR
Bharti 330/7743
rel com229/4802
idea 58/1044
tata 468/515 which one u like ?...