this one looks good for a short term target of 300. it has got a technical breakout post 161. fundamentals are already discussed in the earlier messages...

well, i don`t beleive in this type of calls, these people advise others to buy and sale their stake from the back door, the figures of the last quarter are different from what the company published in the local news paper JANSATTA, which paper is having very low subscribers, in the published report profits are shown much higher then they have described on this site. But even nobody knows about this company here, which has it`s corporate adderss at New Cloth Market here. I am a small speculator and I like to take nasty risks that`s why I am in this stock, however I hold only 300 shares @ 76 average. rest is up to you. santosh kanjani...

Q - By Satish Gupta of ht(tp:/)/ww(w)astrostocktips.)in Today’s planetary position - Moon will be transiting in Capricorn, Debilitated Mars in Cancer. Ketu in Gemini, Retrograde Saturn in Virgo, Rahu & Pluto in Sagittarius, Sun, Jupiter, Mercury & Neptune in Aquarius, Venus & Uranus in Pisces. UQ - One shall remember Sun in Min rashi which denotes Steel sector will dow within next 3-4 days.. Stcks starting with "T " AND " "S" shall be watched on Weekly Resistance levels to Short...... AStro is not a cup of tea is every one. however, this is what I know something...I can post Shorting levels of Tata Steel, JSW Steel AND Sesa Goa.. However, every one can get Res levels of 5DMA very easily.. If you want that level, read my article... for all three stocks... --SK--...

Hi raj.. can you tell me where can I check the amount of circuit filter for a particular scrip..thanks in advance...

Target Rs.250/- I hv purchased good number of shares at 62/- with a target of Rs.250/- by June end. Also reco. for Camson biotech 130/- Ruchi Soya @99/- and Varun inds @165/-...

Thanks for posting the transcript of renowned analyst Mr.Ashish Chugh`s recommendation on CNBC TV18 on 04-03-2010. I may add that the case is posted for hearing in the SC on 25-3-2010....

Dear raj pdal,Thank you for your detailed and informative article, but matters pending in SC may take a long time to come up for hearing and final judgement,under what time span do you expect the matter to be resolved. Regards, mastan6...

I have subscribed to daily trading sms from Rajat Stocks, a Ahmedabad based stock advisory, Relation Manager thereof told me to buy huge quantity of this company, given me target of Rs.105.00, as per him it is confirm call. If anybody have news, info please share....

I would call it a short-term trading opportunity arisen due to the open offer, which Goldstone Infra has to make. This is an opportunity where the reward to risk ratio is extremely favourable at the current market price of Rs 26-26.50. The background is that the promoters of Goldstone Infra Limited are Goldstone Exports Limited. Goldstone Export Limited was allotted 1.5 crore warrants in April 2007, at a price of Rs 22. These warrants were convertible into the equity shares within 18 months. The promoters exercised their right to convert the warrants into equity shares and the equity shares were converted, but allotted to the promoters in October 2008.

Due to the allotment of 1.5 crore equity shares, the share holding of Goldstone Exports and Goldstone Infra went up from about 9.5% to 47.19%, which resulted in triggering of Sebi regulations regarding substantial acquisitions of shares under the takeover code. The promoters then came out with an open offer at Rs 23 for additional 20% stake in the company. Sebi objected to the price at which the promoters came out with an open offer. The promoters took the date of approval in the board meeting for allotment of warrants as the reference date, whereas Sebi directed them to take the date on which warrants were converted into equity shares as a reference date for calculating the open offer price. Sebi thereby directed them to make the open offer at about Rs 43.

The promoters objected to this and filed an appeal with SAT regarding the Sebi directions and this appeal of SAT was dismissed in September 2009. Goldstone Exports thereafter filed their appeal with the Supreme Court which is still under hearing. There are two possibilities which can emerge here. One is that Goldstone Exports wins the case in SC whereby they make and open offer at Rs 23. So people are buying today at Rs 26 and can tender their shares at Rs 23 thereby asking a loss of 10-12%.

Whereas if the promoters lose the case they have to make and open offer at Rs 43 and in addition to that they also have to pay interest for the delayed period. So the total open offer price may come to about Rs 47-49 after adding the interest component. At the current price of Rs 26-26.50, you have a stock where your potential downside could be about 10-12%. In the even of the open offer coming at about Rs 47-48, the market price given the probable acceptance ratio and also assuming the residual price of the share at the price at which promoters have bought the stake in the company, the market price would come to around Rs 38-40, which means you have an upside of 40-60% from these levels.

Here is a case where your downside is restricted to about 10-12% and upside in the short-term maybe about 40-60%. Talking to various people who track Sebi guidelines and who are well aware of Sebi guidelines, they feel the probability of the company making an open offer at Rs 43 plus interest maybe much higher than at Rs 23....

whatever done, done in the interest of boarders, instead of terming me cheater, please gain from message posted. Thanks
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Shares are not even listed on the NSE which partly explains why it has been relatively invisible. But I have been tracking the results for the last few quarters and Q3 of this current financial year has been a bit of a revelation. Company has reported a post tax profit of close to about Rs 9 crore, equity is close to about Rs 10 crore, in fact it is a little less than Rs 10 crore, so it is an excellent mispricing opportunity.

Going ahead, looking at the fact that this company is into ferromanganese and ferromanganese prices have gone up over the last quarter, I would be very surprised if the company doesn’t report 40-50% increase in profit after tax (PAT) in the last quarter. If you take that increase in last quarter and if it is somewhere around Rs 12 crore and you annualize that, you are looking at a net of close to about Rs 48-50 crore on an equity of 9.7. That is a Rs 50 EPS on a stock where the market price is close to about Rs 130. So you are looking at a prospective P/E of around 2.5. I think that is what makes this stock very interesting.

Second point, the company is intending to expand the capacity. Currently, it has total capacity of about 64 MVA, in this industry you describe capacities in terms of furnace capacities, 64 MVA, they are expected to more than replicate this capacity over the next year and a half. I think that makes the stock extremely fascinating to look at.

If the ferromanganese prices hold out and the company expands capacity then this could be a multibagger. Because I am also banking on the fact that it is not just going to be a price play or a realization play, but also a volume play. That volume play won’t happen today, but it will happen perhaps in the year ’11-’12. If it happens in the year ’11-’12, we have got about two years of successive growth coming up. So at this point, I wouldn’t hazard a speculative guess on the upside, but all I can say is that if everything goes right, it could be a significant upside from here. Also, it would be a rerating of the entire business which I think most analysts have tended to miss till now.

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Dear Sir,

I did not get which stock you are recommending....

Dear Boarders,

I bough this stock after reading recommendation in `Investors Guide` supplement of Economic Times published every Monday sometime back, I did further assessment by looking at comments and P&L statement here at MC. Company have good margin since it is non manufacturing company. Can somebody guide me about Company....

Please guide me about future prospects and key concern on this stock...