I had clearly mentioned that it will be in 100-110 zone. See its trading currently at 109.

...

but do u guys think ab the outlook of this company post merger?...

now its 296. But good one to hold...

Guys be careful now. FBI to probe fraud in Lehman,frannie, AIG.

ML and Lehman had major investments in Godawari.

Extract from ET:

The $85-billion bailout of AIG by the US Federal government in exchange for a 79.9% equity interest may land several Indian companies, including MindTree, AIA Engineering, Bharati Shipyard, Federal Bank and Gayatri Projects, in a unique regulatory hassle.

The government may examine holdings by the insurer in Indian companies through its various arms since the US government would become a shareholder in these companies by getting the rights to stakes held by the insurer (in these firms) prior to the bailout.

Godawari name is not there right as the article is related to AIG.

But similar investigation is now inititiated in Lehman and Frannie..

I had already mentioned ab Gayatri projects and now its on ET news.

Pls be careful....
...

The $85-billion bailout of AIG by the US Federal government in exchange for a 79.9% equity interest may land several Indian companies, including MindTree, AIA Engineering, Bharati Shipyard, Federal Bank and Gayatri Projects, in a unique regulatory hassle.

The government may examine holdings by the insurer in Indian companies through its various arms since the US government would become a shareholder in these companies by getting the rights to stakes held by the insurer (in these firms) prior to the bailout. ...

The message clearly says that the risk reward ratio is not in favour of Reward so he wont say to buy it but hold.

Bhambwani told CNBC-TV18, "In Godawari Power the upside potential in near to medium-term up to the Rs 190 levels that’s where I would like to exit this counter. Should it actually start to show signs of extreme weakness, it could go all the way down to Rs 125, which is not exactly a very healthy situation for a trader. The risk reward ratio doesn’t seem to be skewered in the favour of hold or even buy. So I would say hold on for now, wait for higher levels, the closer it gets to Rs 185-190 I think the better it is for you to exit."...

yes good long term but right now its headed downwards as they analyst themselves are confused and no analyst can save it.

These analyst will come up with some other stories u never know.

See S P Tusian, the very first report on Sterlite he said good for investors, next day he said things are not clear and its hazy.

What he did? He sold his and his clients stocks and when done next day he said he is not sure and will take time. This is how they fool you.

This company is good and can be held but will pain....

Quippo Telecom Infrastructure (QTIL), a SREI Group subsidiary, is all set to strike a partnership with the hived-off tower arm of Tata Te leservices. It is learnt that QTIL will transfer all its telecom assets, which include 5,500 towers, to Wireless Tata Telecom Infrastructure (WTTL) and will also invest additional funds in the Tata-owned company in return for a 49% stake in the merged entity. A top source in the SREI group, the parent company of QTIL, confirmed the development and said: “It would just be a matter of days before the two companies announce the deal.” He, however, refused to comment on the specifics of the deal. ...

dear, it has come to a very good level for investment purpose.. rgds,...

i think this depressed selling by the FIIs is the opportunity for retailers to accumulate. as these companies are not bad relatively and the selling is due to the compulsion of the FIIs to generate cash and so they had to sold its holding either good or bad. so do ur study, identify the better pick and accumulate. as once the money will come back these stocks will again see the buying interst....

dear! In the market those who (like me) has invested will give buy call.. who wants to buy will give sell call... once thing is common that both are bullish and thus interested in the counter... otherwise why will Bhambwani spend his time & effort to look at this counter ... at the end.. one should take a call based on his/her levels of comfort.. hope this helps.. rgds,...

expect opposit..see all were saying target above 400 never reached andso these guys tells oppossite of what is going to happen...

thats quite underestimate says 1.2 billion savings..that works out 40..and fy09 is 60 so total 100 present eps 60 without savings from mines...

I checked the karvy report. The estimated EPS for FY10 is NOT 100 but Rs60....