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Tracked by: 0 Boarder
Dear marketbear, Thats a very good suggestion....
In reply to:
buy on panic
Posted by :
marketbear
If inflation data comes bad and banking stocks tank then buy banking stocks with long-term horizon. Stocks have ability to bounce back from lower levels. Investors have to wait for inflation to go down which can provide phillip to the sector. But avoid reality sector 
Tracked by: 1 Boarder
Hi,
Although the company posted good results, the share price has come down. I did a little digging and found that Merryl and another fund dumped the stock around 400 levels just before the crash. Another fund - Sophia fund interestingly sold the stock at 98 levels (see bulk deals on moneycontrol).
Austral Coke & Projects Ltd. is a sister company of Gremach which has come out with an IPO last week. Sophia fund is one of the QIB investors for the IPO. I found something on the net which is interesting (source:natmaaddotcom - "Mystery behind heavy QIB selling unraveled" ) - excerpt is given below:
Quote:
"What is this Sophia Fund?
The full name of this is Sophia Growth-A Share Class of Somerset India Fund and this is a sub-account of an FII, which is based in Hong Kong named as Geomatrix. They have around 12 sub-accounts in India and this Sophia Growth Fund or Somerset as it is popularly known as is one of their sub-accounts.
They have a few holdings in the secondary market, which are smallcap companies, for example Master Trust, Kohinoor Broadcasting, Kaashyap Tech and Teledata Info.
Very interestingly, in the case of one recent IPO, Austral Coke, a similar fund - Sophia Growth Fund - has allocated around 10% equity in pre-IPO placement of around 27.5 lakh shares. The same fund was also selling in their sister company, Gremach Infra who has been buying or they have pre-allotted equity in Austral Coke, which is a sister concern company. It is very interesting and baffling that the promoters of the company have hinted at having low valuations in the already listed entity of Gremach Infra and much higher valuations in the IPO coming in.”
Sophia Growth Fund is the one FII. There’s nothing illegal about that entity it is perfectly registered with the SEBI but their name has mysteriously cropped up in many of the recent IPOs. Their way of operation is clear; they pick up a very large chunk in QIB and almost bail out the issue on the last day only to sell if not on the day one after listing but within the first few days of listing.
All of this is of course organized or routed through the book running lead managers."
Unquote
Also there is a news (I have no verification - if some one has - pl post) that the promoters of Austral were actually kicked out of Gujarat NRE Coke in late nineties by the shareholders.
The promoters do not seem to be very honest. Otherwise they would have issued clarification on several issues atleast on their own website (which by the way is not updated/ nor very well mainatained with lot of spelling mistakes, etc)
So it is better to research the company well before going ahead just looking at the PE ratio. Or to wait till the promoters come out with all the clarifications regarding the Chinese Rigs / Mozambique mines, etc.....
In reply to:
gremach first qu 2008 result
Posted by :
My Multibaggers
Don,t worry. Sooner or later this stock will also show sky rocketing performance. Wait till December. We may see level of Rs.330/- to Rs.500/-. Oil rigs machinary is a trigger. Keep holding.
Take the best decision after due research.
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GHCL showing strong movements 87++...
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Drooling Buffalo,
You need a dose of sancidal from time to time (ROFL). I have written to Sanjivani for Veternary doses for you (LOL)
cheers
ramji...
In reply to:
Keep Away from Sanjivani Parentrals
Posted by : WBuffetBlog
RAMGAY,
Donkeys like you don't understand IV Fluids. persons like you should have been in mental asylum rather hanging here on MMB as stray donkeys.
If you have no knowledge, then better shut your mouth & interact with your like minded donkeys around on MMB. Keep replying & keep taking from me. You have old habit of taking from me =)) =))
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If inflation data comes bad and banking stocks tank then buy banking stocks with long-term horizon. Stocks have ability to bounce back from lower levels. Investors have to wait for inflation to go down which can provide phillip to the sector. But avoid reality sector...
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Indian Rupee Trades Near 17-Month Low to Dollar on Stock Losses
India's rupee traded near a 17-month low against the dollar on speculation falling stocks and rising oil prices will damp demand for the currency.
Global funds sold a net $7 billion of local stocks this year, after making a record $17.2 billion in net purchases in 2007, according to exchange data. Crude oil has climbed 68 percent from a year ago, boosting import costs for Indian refiners who meet three-quarters of their needs from abroad.
'The underlying sentiment is against the rupee as volatile oil prices are spurring dollar demand,' said V. Rajagopal, chief currency trader at Kotak Mahindra Bank Ltd. in Mumbai. 'Global investors' confidence on the equity markets is dwindling, which may result in more capital outflows.'
The rupee weakened to 43.725 dollar as of 9:25 a.m. in Mumbai, from 43.7075 yesterday, according to data compiled by Bloomberg. It may decline to 44 in a few days, Rajagopal said.
India's benchmark stock index, the Mumbai Stock Exchange Sensitive Index, fell 0.47 percent. The index of 30 companies traded on the Mumbai Stock Exchange fell 69.67 to 14,608.56. Among the stocks included in the index 7 rose and 23 fell.
Crude oil surged for a third day to $116.33 a barrel on the New York Mercantile Exchange. India's average crude oil imports rose to $8 billion a month this year from $5.5 billion in 2007, Bloomberg data show.
Dollar demand from refiners is persistent, which is leaving little room for the rupee to consolidate, Kotak's Rajagopal said.
...
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SAIL looks to be in stronger hands right now and has good support at 140 level. But any sharp fall in the stock can force these bulls to unwind their position. So it is better for traders to be cautious on the stock...
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I purchase ndtv for,what is upside result,please suggest....
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Tata Steel is likely to touch 575 level on next few trading sessions. If 575 is broken then see the level of 530 for Tata Steel. Do not buy at these levels...
Tracked by: 2 Boarders
This scrip is on the verge of a big upside move from here-my gut feeling!...
In reply to:
Barti Airtel Looking Downward
Posted by :
amitg_74
just wait for 22nd august......u will see this share arnd rs 86-875 levels
Tracked by: 0 Boarder
Stock will touch the level of 380 within week on the back of unwinding of F&O positions because of negative market sentiments. Stock has strong support at 380 level...
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LGB Forge and Birla Cotsyn - Buy in bulk and wait for 2-3 months for good gains.
Good consoldation taken place in both these counters....
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LGB Forge and Birla Cotsyn - Buy in bulk and wait for 2-3 months for good gains. ...
Tracked by: 1 Boarder
Hi Kishore_bk75,
Instead of going up to 600 in a week, it has come down to 429 today. Any reasons?...
In reply to:
1 week target 600
Posted by : kishore_bk75
It gets Hyderabad metro rail project worth of Rs. 11800 crors. The stock can jump to 600 before 30 August. For long term ivesters it can cross its life high.
Tracked by: 0 Boarder
Technically, this stock is poised for going up in the short term (for traders). Of course to be resisted at 12+....
In reply to:
Started moving up
Posted by : Guest
This stock has started upward movement after cosolidation.This has potential to move up to Rs 15 before 2nd quarter results.
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