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Grasim Industries
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plz advice
Posted by :
janmohanTracked by: 0 Boarder
hold grasim, if possible buy more, good company, low pe....
In reply to:
plz advice
Posted by : mohammed zoyeb
bought Grasim 10 shares @ 2450 and another 10 @ 2350. Please advice is it good enough to hold. 
financeandstockadvice.blogspot. com
Posted by :
GuestTracked by: 0 Boarder
what to do to secure our portfolio and make generous investments ? shall we exit or continue to be remain invested all thee questions are answered at the title of this message...
plz advice
Posted by : mohammed zoyebTracked by: 0 Boarder
bought Grasim 10 shares @ 2450 and another 10 @ 2350. Please advice is it good enough to hold....
S O T projection for TODAY !
Posted by : DUstocksTracked by: 0 Boarder
At the current Speed Of Trend, GRASIM will become OVERSOLD (getting bearish) on 1st October, 2008, at about Rs. 1640.37.
These figures may change drastically by Monday evening (29th September, 2008), depending upon the nature of cues from the US markets and the reaction of the Asian and European markets to such cues. SOT figures DO NOT make any allowance for such local or global cues.
Please don't interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about....
NSE Announcements on Grasim
Posted by : janmohanTracked by: 0 Boarder
feel good for grasim.then how would it impact grasim....
In reply to:
NSE Announcements on Grasim
Posted by : MMB Messenger
Grasim Industries Ltd. has informed the Exchange that by an order made on September 01, 2008, the High Court of Madhya Pradesh - Indore bench has directed that a meeting of the secured creditors (including debenture holders) of the Applicant Company (Grasim Industries Ltd.) be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the equity shareholders of the Applicant Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Applicant Company, Vikram Sponge Iron Limited and their respective shareholders and creditors (the "Scheme"). Further the company has submitted to the Exchange a copy of the Notice of Meeting of secured creditors. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
NSE Announcements on Grasim
Posted by : MMB MessengerTracked by: 0 Boarder
Grasim Industries Ltd. has informed the Exchange that by an order made on September 01, 2008, the High Court of Madhya Pradesh - Indore bench has directed that a meeting of the secured creditors (including debenture holders) of the Applicant Company (Grasim Industries Ltd.) be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the equity shareholders of the Applicant Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Applicant Company, Vikram Sponge Iron Limited and their respective shareholders and creditors (the "Scheme"). Further the company has submitted to the Exchange a copy of the Notice of Meeting of secured creditors. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Grasim
Posted by : MMB MessengerTracked by: 0 Boarder
Grasim Industries Ltd. has informed the Exchange that by an order made on September 01, 2008, the High Court of Madhya Pradesh - Indore bench has directed that a meeting of the unsecured creditors of the Applicant Company (Grasim Industries Ltd.) be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the secured creditors (including debenture holders) of the Applicant Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Applicant Company, Vikram Sponge Iron Limited and their respective shareholders and creditors (the "Scheme"). Further the company has submitted to the Exchange the a copy of the Notice of Meeting of unsecured creditors. a copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
financeandstockadvice.blogspot. com
Posted by : GuestTracked by: 0 Boarder
having proper knowledge of exit and entry levels and timings could help to make better trade and gains and that could be availed from the title of the message...
Vikram Sponge Iron to be Absorbed
Posted by : rvk41Tracked by: 0 Boarder
Flagship company of the Aditya Birla Group, Grasim Industries is mulling over its plan to merge with its subsidiary, Vikram Sponge Iron and will hold a meeting with the shareholders of the company.
Pursuant to the order made by the High Court of Madhya Pradesh on Sep 1, 2008, Indore Bench, the company has called for a meeting of the secured creditors (including debenture holders) followed by the meeting of unsecured creditors of the company on Oct. 13, 2008 when the actual decision shall be made.
Grasim`s principal business is manufacturing of viscose staple fibre (VSF), cement, sponge iron, chemicals and textiles. The company has its manufacturing facilities spread across India. Between Grasim and its subsidiaries, the Group has 11 composite plants, 7 split grinding units, 4 bulk terminals, inclusive of 1 in Sri Lanka and 10 ready-mix concrete plants
For information,with regards
rvk41...
BSE Announcements on Grasim
Posted by : MMB MessengerTracked by: 0 Boarder
Grasim Industries Ltd has informed BSE that pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh - Indore Bench has directed that a meeting of the secured creditors (including debenture holders) of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the equity shareholders of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the "Scheme").
Further, pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh - Indore Bench has directed that a meeting of the unsecured creditors of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the secured creditors (including debenture holders) of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the "Scheme")....
BSE Announcements on Grasim
Posted by : MMB MessengerTracked by: 0 Boarder
Grasim Industries Ltd has informed BSE that pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh - Bench Indore has directed that a meeting of the equity shareholders of the Company will be held on October 13, 2008, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company) and Vikram Sponge Iron Ltd and their respective shareholders and creditors (the Scheme)....
help me
Posted by : sachinamTracked by: 0 Boarder
if possible you can further buy 10 more shares of grasim at the current price of around 2000,it is a good quality, undervalued,blue chip stock .goodluck....
In reply to:
help me
Posted by : saunak
i am having 10 shares @ of 3730 of grasim what should i do
help me
Posted by : saunakTracked by: 0 Boarder
i am having 10 shares @ of 3730 of grasim what should i do...
Cement forms basis for national growth !!
Posted by : TrueCompanionTracked by: 0 Boarder
For India, the world's second largest producer of cement, the recent boom in infrastructure and the housing market has only boosted its cement industry. Add to that an increasing global demand and a flurry of activity in infrastructure projects – highways roads, bridges, ports and houses – has sparked off a spate of mergers and acquisitions in the sector. Furthermore, the country’s finance minister, P. Chidambaram, has stated that India would double spending on infrastructure over the next five years to sustain its record economic growth and modernise its infrastructure.
Cement companies are fast developing plants to provide for a rapidly expanding economy. The cement industry is therefore poised to add 111 million tonnes (mt) of annual capacity by the end of 2009-10 (FY 2010), riding on the back of approximately 141 outstanding cement projects.
According to a report by the ICRA Industry Monitor, the installed capacity is expected to increase to 186 mt per annum (mtpa) by the end of FY 2008, and 219 mtpa by end of FY 2009, and further up to 241 mtpa by FY 2010-end. As a result, India's cement industry will record an annual growth at 10 per cent in the coming years with higher domestic demand resulting in increased capacity utilisation.
Domestic Players
While the Cement Corporation of India, a Central public sector undertaking, comprises 10 units; the various State governments own 10 large cement plants. Among the leading domestic players in terms of cement manufacturing are: Ambuja Cement, Aditya Birla Group (which owns UltraTech Cement), ACC Ltd., Binani Cement, India Cements and J K Cement. They are not only the foremost producers of cement but also enjoy a high level of equity in the market.
Industrial production
The cement industry is enhancing its production levels as new homes and offices are being built, and in keeping with the economy’s annual growth rate. According to the Cement Manufacturers Association, the overall cement production rose by 8.11 per cent during 2007-08 to 168.29 million tonnes (mt) as against 155.66 mt in 2006-07.
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