Biocon

Biocon Hold from BL

Posted by : psgs

hi sane bhai,
ok. i agree with you. ok, tell me...what will be the price on 19th of aug 2008? 200 or 175? by the way what is T1H molecule? what about IN105? any chance of a good price in 2009? what is your target for 2009?

swamy.

Biocon Hold from BL

Posted by : psgs

hi sane bhai,
ok. i agree with you. ok, tell me...what will be the price on 19th of aug 2008? 200 or 175? by the way what is T1H molecule? what about IN105? any chance of a good price in 2009? what is your target for 2009?

swamy.

Biocon Hold from BL

Posted by : sanecouncel.

hi pgps bhai, since you called me bhai i will tell you truth.i never stab from back.my near term target is already achieed @ 390 plus sold all shares bought @375/360/348 chhota log chhota target. it is also true that i have few biocon shares of 405/445 level but that will be sold only after 10% gain.i never buy biocon above 500 and never sell below my purchase price. always smaller target.
no price wise target only time will tell

Biocon Hold from BL

Posted by : psgs

hi sane bhai,
ok. i agree with you. ok, tell me...what will be the price on 19th of aug 2008? 200 or 175? by the way what is T1H molecule? what about IN105? any chance of a good price in 2009? what is your target for 2009?

swamy.

Biocon Hold from BL

Posted by : sanecouncel.

swami bhai, i agree with you that one should not enter this counter before jan 2009 as outlicensing oppertunity is 11 months away from now. one should exit this counter as soon as get any upward move. but it is a must buy before outlicensing of T1H and in 105 in 2009

Biocon Hold from BL

Posted by : psgs

hi sane bhai,

even i am confused with your question yaar. but i feel buying at current levels and buy after bonus will be the same. it will have no effect at all since this year the company is likely to post lower than expected profits. so, it doesn't make any difference according to me.

swamy.

Biocon Hold from BL

Posted by : sanecouncel.

hi psgs, you have not replied my second question regarding
whether one should buy before bonus and sell 50% in 09 or
buy after bonus when biocon post better result in q2 fy09
what will be better for an investor?

Biocon Hold from BL

Posted by : psgs

hi sane, if you sell the 50% of the original shares after bonus issue, then you can book the difference amount as loss.

swamy.

forex lossses???

Posted by : psgs

dear guest,
i said it MAY go to that level. even i did the same mistake dude,
even i entered on the bonus announcement and got badly hurt with its
dismal quarterly performance. god knows what the company is upto.
but technically, 430-500 levels are possible for the stock. but it is
quite risky as the EPS is very low to justify such high levels. its
almost close to the targets set by IIFL of 391 and religare is somehow
bullish and its target is 430. better to hold on my friend. if you are
long term then nothing to worry. this a very special kind of stock.

swamy.

Biocon Hold from BL

Posted by : psgs

hi sane, if you sell the 50% of the original shares after bonus issue, then you can book the difference amount as loss.

swamy.

Biocon Hold from BL

Posted by : sanecouncel.

after one year no need to pay any tax everybody nows for bonus or without bonus.what if i sell only 50% of my shares in feb-march 09 bought tomorrow or day after tomorrow then?

Biocon Hold from BL

Posted by : psgs

hi, no bonus shares are not tax free.
only the cost will be nil. but the profit is taxable after you sell the bonus shares. so, can you give me your hones cum bonus target for biocon please?

swamy.

Biocon Hold from BL

Posted by : rajeevfca

If you hold bonus shares for more than one year, than this will be long-term capital gain and hence tax-free.

Biocon Hold from BL

Posted by : psgs

hi, no bonus shares are not tax free.
only the cost will be nil. but the profit is taxable after you sell the bonus shares. so, can you give me your hones cum bonus target for biocon please?

swamy.

Biocon Hold from BL

Posted by : sanecouncel.

some one told me that bonus shares are tax free , is it correct?