average it and hold it is a good company...

mozambique subsidiary finds coking coal...

haha ..ure right i staying in chandigarh still had no clue...

accumulation going on at 6...

todays delivery % .....67% performed very well in a weak market...

I feel it is a good stock to hold at current levels,any other boarder following this.Share is free falling recently...

Chandigarh, Sep 17, 2008 (Asia Pulse Data Source via COMTEX) -- HIUSF | Quote | Chart | News | PowerRating -- To tap the growing overseas sanitary items market, sanitary ware major Hindustan Sanitaryware and Industries Limited (HSIL) is looking at acquiring a company in Europe which will be the its first ever overseas acquisition, if the deal goes through.
"We have identified three Europe-based companies for acquisition," HSIL Chairman and Managing Director R K Somany said here, without divulging further details regarding the possible size of the deal.

With the acquisition, the company would like to penetrate the European market and is hoping to utilise the latest overseas technological development in the field of sanitary products in its domestic operations.

"This acquisition will allow us the access to new technologies as well as new market," he said.

In the past, the company had gone for three domestic acquisitions including AGI, Raasi Ceramics and Krishna Ceramics.

The company is presently exporting its products to England, Australia, Scandinavia, America, Middle East, Asia and Africa and its exports constitutes 10 per cent of total turnover from sanitary ware business.

"We are now eyeing new export markets such as New Zealand, South America and Singapore which will boost our export business," he said.

HSIL, which sells its products under the 'Hindware' brand, has also decided to embark on capacity expansion programme by investing Rs 30 crore on increasing current production capacity at its Hyderabad plant during this year. "We will be enhancing our production capacity here in this plant from 14,000 tonne per annum (TPA) to 18,000 tonne per annum in order to cater to growing demand for sanitary ware business," he said. The company has its other plant in Haryana with a capacity of 14,000 TPA.

HSIL, which has 40 per cent market share in domestic market has set a target of achieving Rs 360 crore as sales from sanitary business compared with Rs 325 crore in 2007-08.

Against the industry growth of 10-11 per cent, the company hopes to continue with growth rate of 18 per cent this year as well, he said.

The company which has recently forayed into retail business has also planned to open 50 exclusive stores by the name of 'Evok' in the next five years. "We have opened our first store in Faridabad and the next two stores will be opened in Gaziabad and Gurgaon this year. We expect each store will achieve its break even point in 2-3 years," he said.

Evok stores will showcase contemporary products such as furniture, furnishings, bath products, modular kitchens, flooring, lighting and lifestyle home accessories sourced from China Taiwan, Italy and Spain....

Gremach Infrastructure Equipments & Projects Ltd has informed BSE regarding a Press Release titled "Gremach finds Coal in Mozambique". Press Release "Gremach which was earlier in news for acquiring 75% stack in coal, concessions has struck black gold i.e. Coking Coal. In fact coat has been found almost on the surface and they are getting coal in several bores and in most of them coal has been struck in the range of 1.2 to 3 meters depth making a full open cast mines. The mines are in prime region of Moatize. This region fatts in Karoo basin which is recognized as Prime Hard Coking coal bearing area in Africa. There is a global shortage and crisis of hard coking coal and India also has a huge deficit of coking coal and this will add huge value to the profitability of the Company. The Company has renamed out of above two licence as GRE Mine no 1 and as GRE Mine no. 2. The Company has started Geological a Geophysical studies in December 2007. Encouraged by preliminary geological reports of existence of coal in two of its concessions 1100L & 1165L, the Company has started core drilling with its own fleet of drilling machines. Expected reserves in the above mines are more than 200 million. With this acquisition, the Company has entered into the list of selected club of few Indian Companies like JSW, Tatas, which has mines outside India. Mr. Rishi Raj Agarwal, MD of the Company said "These licences are very close to existing Companhia Vale do Rio Doce (CVRD) mines where hard prime coking coal has already been found. These strategic acquisitions will make Gremach one of the most important players in prime hard coking coal mine in the world". "To take advantage of government incentives, many Indian Companies are working bee-tine in coal mining business in Mozambique. JSW group, Ispat Industries and Tata Steel have recently made acquisition of coal mines in Mozambique. Tata Steel has acquired 35 percent stake in Australian firm Riversdale Mining Ltd.'s Coal Project in Mozambique for Australian $ 100 million (about $85 million). Companhia Vale do Rio Doce (CVRD), the world's largest iron ore producer is investing a $2 billion in Mozqmbique that may develop the southern hemisphere’s biggest mine for the black gold." The Company's group Company Austral Coke & Projects Ltd. is into manufacturing of Low Ash Met Coke, Refractories and has also acquired 95% stack through its subsidiary Astra Mining Limitada, Mozambique acquired six prospecting licenses admeasuring 100,000 hectares in Mozambique. This acquisition would provide raw material security to Austral Coke once mining activities are under way and access to global market. The group also has a Company in Guinea in which they have huge number of licences of Iron blocks, Bauxite, Lead and Uranium admeasuring approx 8000 square Km. Gremach's foray into coat mining in Mozambique has now being proven to be an excellent strategic move for the long term sustainability of the company which diversified from Equipment rental to Global Mining. Also Gremach has recently received formal approval for there SEZ in Maharashtra in Kolhapur this is the first sector specific - Metal SEZ. It is noteworthy to mention that Government of Mozambique is very aggressive in sorting out logistics for smooth shipment of coal via Beira Port. Existence of three seams of coal starting from nearly the ground level will definitely change the fortune of company and its stakeholders." source: BSE... This news is a tight slap on the face of pss5588 who is just another id of emkay_stocks. Investors are intelligent enough to ignore these two ids. ...

It must have taken place at the tea stall outside Tagore Theatre... LOL......

30-Sep-2008 Kohinoor Broard S V Enterprises Sell 736882 6.02 6.00 30-Sep-2008 Kohinoor Broard S V Enterprises Buy 704087 6.03 6.00...

there were three shareholders present mangal singh gabbar singh and suman mukerjee oooi forgot the FIIs were there too they wanted to know if the comapny was going to be generous and buy their sub prime loans like tagore theatres for 100 crores ...

volume is one fourth of two week's average volume.......

I think this is the good stock to hold on. Take the example of Bag films it is also in the same sector where Kohinoor operates in and if they got licence to Broadcast their Channels on DD DTH Platform(which are still not launched) then they can get good audience as most of Peoples from rural areas prefer DD DTH as this is free of cost after one time investment. My gut feeling is that within 1 year or so it will reduced my loss of rs. 180000/- which I think will cross Rs. 200000/- by tommrrow made in so called quality stocks like NTPC , Powergrid, CESC, TECHM, Tanla, Parsvnath,PSTL,Cinemax and so on...

I feel it is a good stock to hold at current levels,any other boarder following this.Share is free falling recently...