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Indian Oil Corporation
Tracked by: 0 Boarder
Crude is falling sharply,and $ will not appreciate farther.Time to buy IOC.It will cross 500 very soon.
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Ioc may fall to 300 ....
Posted by :
GuestTracked by: 0 Boarder
consolidating will mean the improved efficiency as the functional assets like distribution can be pooled, but then the roadblock will come as it will mean reducing the no. of people employed, since work will be duplicated otherwise...
In reply to:
Ioc may fall to 300 ....
Posted by : knair
Marketman,
Thank you.
A thought has come to my mind.
I compare the mkt with a government. Those who are the rulers run the govt. Those who are not in the govt, oppose it. The mkt is the govt.
We are not in the govt and we have become opposition party members.
We support it only when it goes up. It is the time we all oppose it even if we may be gettng good gains at a latter stage. Everybody now criticising the mkt. We too. But what is crime that the mkt has committed. For that we have no answers.
knair 
Ioc may fall to 300 ....
Posted by : knairTracked by: 0 Boarder
Marketman,
Thank you.
A thought has come to my mind.
I compare the mkt with a government. Those who are the rulers run the govt. Those who are not in the govt, oppose it. The mkt is the govt.
We are not in the govt and we have become opposition party members.
We support it only when it goes up. It is the time we all oppose it even if we may be gettng good gains at a latter stage. Everybody now criticising the mkt. We too. But what is crime that the mkt has committed. For that we have no answers.
knair...
In reply to:
Ioc may fall to 300 ....
Posted by : marketman
Nair,appreciate your patriotism.... I do wish our country could be in place of number one position in many aspects.... we love our india....
Ioc may fall to 300 ....
Posted by : marketmanTracked by: 0 Boarder
Nair,appreciate your patriotism.... I do wish our country could be in place of number one position in many aspects.... we love our india.......
In reply to:
Ioc may fall to 300 ....
Posted by : knair
Marketman,
If all our PSU Oil & Gas companies (inclusive of OMCs) are merged, it becomes a solid biggie, may be, the No.1 in the world. Likewise, if all our PSU banks are merged into SBI, it may take head on the world`s biggest bank.
I had an imagination as to who would be the richest in the world - certainly it would be Ambani if both Mukesh and Anil stand together.
I am an optimist. One day we will see an India which when stand up would be seen as the tallest in the world. We have the inputs. We have capable people to do it. We have the leaders but all of them are doing their duties for other countries like USA, UK etc. We export brilliant people. But why? Rulers of the day have to answer it.
Hope for a strongest of strong India in all fields!
knair
Ioc may fall to 300 ....
Posted by : knairTracked by: 0 Boarder
Marketman,
If all our PSU Oil & Gas companies (inclusive of OMCs) are merged, it becomes a solid biggie, may be, the No.1 in the world. Likewise, if all our PSU banks are merged into SBI, it may take head on the world`s biggest bank.
I had an imagination as to who would be the richest in the world - certainly it would be Ambani if both Mukesh and Anil stand together.
I am an optimist. One day we will see an India which when stand up would be seen as the tallest in the world. We have the inputs. We have capable people to do it. We have the leaders but all of them are doing their duties for other countries like USA, UK etc. We export brilliant people. But why? Rulers of the day have to answer it.
Hope for a strongest of strong India in all fields!
knair...
In reply to:
Ioc may fall to 300 ....
Posted by : marketman
Yes nair,one or two big psu banks are enough and good for the system.... all the state banks can be merged into sbi and all the other psu banks can form a single giant.... these two banks can serve the nation without any systamatic problems....
Merging all the banks into bigger ones is good idea,one day or other our policy makers may do that job....
Ioc may fall to 300 ....
Posted by : marketmanTracked by: 0 Boarder
Yes nair,one or two big psu banks are enough and good for the system.... all the state banks can be merged into sbi and all the other psu banks can form a single giant.... these two banks can serve the nation without any systamatic problems....
Merging all the banks into bigger ones is good idea,one day or other our policy makers may do that job.......
In reply to:
Ioc may fall to 300 ....
Posted by : knair
marketman,
I fully agree with you. All the OMCs should be consolidated and merged into one, instead of spreading the wings in different sides. If all of them are merged with ONGC, it will be a great thing.
There is no sense in fixing the price by the govt. If the mkt oriented movement is allowed, we may get petroluem petro/diesel at cheap price.
In the present scenario, private OMCs have no role to play, as the govt is twisting things on vote bank politics basis.
Likewise, I would like to see all the PSU banks are merged with SBI and there would be only one big psu bank in India.
knair
Ioc may fall to 300 ....
Posted by : knairTracked by: 0 Boarder
marketman,
I fully agree with you. All the OMCs should be consolidated and merged into one, instead of spreading the wings in different sides. If all of them are merged with ONGC, it will be a great thing.
There is no sense in fixing the price by the govt. If the mkt oriented movement is allowed, we may get petroluem petro/diesel at cheap price.
In the present scenario, private OMCs have no role to play, as the govt is twisting things on vote bank politics basis.
Likewise, I would like to see all the PSU banks are merged with SBI and there would be only one big psu bank in India.
knair...
In reply to:
Ioc may fall to 300 ....
Posted by : marketman
Actually,the govt would have made arrangement for merging all the psu omcs into one entity and should allot oil blocks to the formed company or otherwise the combined entity can be merged into ongc to avoid pricing/subsidy nonsense all the psu companies....
When the prices are fixing by govt,there is no meaning in allowing pvt companies' oil outlets.... some times they open shops and shut when ever they are in losses, and thus giving inconveinance to customers....
The companies which have oil production business will be able to serve better in their petrol/diesel outlets in the regulated or fixed pricing mechanism....
Ioc may fall to 300 ....
Posted by : marketmanTracked by: 0 Boarder
Actually,the govt would have made arrangement for merging all the psu omcs into one entity and should allot oil blocks to the formed company or otherwise the combined entity can be merged into ongc to avoid pricing/subsidy nonsense all the psu companies....
When the prices are fixing by govt,there is no meaning in allowing pvt companies' oil outlets.... some times they open shops and shut when ever they are in losses, and thus giving inconveinance to customers....
The companies which have oil production business will be able to serve better in their petrol/diesel outlets in the regulated or fixed pricing mechanism.......
In reply to:
Ioc may fall to 300 ....
Posted by : knair
marketman,
It is a worthy suggestion.
BSNL is run by govt. We have no investment in it as a shareholder, although it is our money that is invested in it. However, we have no headache about it as it is not listed. There is no day to day assessment. In case of IOC or any other OMC, which are listed, the shareholders have a sentimental as well as financial conncetion to it but have no voice to say anything or do anything other than shouting from the roof tops. Since it is our money which is directly involved, it gives us pain when it bleeds. And that too when the politicians play their games for their vote bank plitics, without being responsible for their actions. The IAS staff who manage most of them generally have much expertise to talk about.
If delisted, at least the communists will be very happy as they can organise union activities at the cost of the public. Here again is the political activity which takes the lead.
Politicians are not going to leave their hold at any cost.
with regards,
knair
Ioc may fall to 300 ....
Posted by : knairTracked by: 0 Boarder
marketman,
It is a worthy suggestion.
BSNL is run by govt. We have no investment in it as a shareholder, although it is our money that is invested in it. However, we have no headache about it as it is not listed. There is no day to day assessment. In case of IOC or any other OMC, which are listed, the shareholders have a sentimental as well as financial conncetion to it but have no voice to say anything or do anything other than shouting from the roof tops. Since it is our money which is directly involved, it gives us pain when it bleeds. And that too when the politicians play their games for their vote bank plitics, without being responsible for their actions. The IAS staff who manage most of them generally have much expertise to talk about.
If delisted, at least the communists will be very happy as they can organise union activities at the cost of the public. Here again is the political activity which takes the lead.
Politicians are not going to leave their hold at any cost.
with regards,
knair
...
In reply to:
Ioc may fall to 300 ....
Posted by : marketman
Dear nair,why cant govt take full stake from public and delist the company from the stock exchanges.... then there will not be any headache to investors aswell as to govt.... govt people can behave as it is for their personal/ political benefits....
Ioc may fall to 300 ....
Posted by : marketmanTracked by: 0 Boarder
Dear nair,why cant govt take full stake from public and delist the company from the stock exchanges.... then there will not be any headache to investors aswell as to govt.... govt people can behave as it is for their personal/ political benefits.......
In reply to:
Ioc may fall to 300 ....
Posted by : knair
Dear marketman,
OMCs will always be under pressure as they have to run on borrowed legs due to govt policy. The govt in India is run by those political parties which generally have no long term goal to achieve other than keeping the shouting public happy for the moment. It makes announcements to continue subsidy but what actually the subsidy means.
You have Rs.100 and the cost of the thing that you want to buy is stated to be Rs.140. The govt gives a subsidy of 40 and you get the thing at 100. But the deficit of 40,( whether it is called deficit or subsidy) is to be squared up. While you are happy for not paying 40, the account remains unsettled. To make it squared up, the govt collects the so-called Rs.40 from you indirectly or directly imposing it on you. You are the person who has to pay it and suare it in any name you call it.
The OMCs are dragged to suffer all the pains due to govt policies. They cannot move with the mkt and never be able to take advantage.
They only way to heal the illness is to give them autonomy and adopt market oriented business activities. Competition will teach them how to reduce the cost and not orders issued from the govt. When it happens, we, the people will need no subsidy at all. Is it possible? Not in our life time if the present system continues.
IOC may go down to 300 or even touch 250 or so. If it is not happening, the mkt will force them to do so. The mounting losses will push IOC or the OMCs to be in red. But who bothers? It is public money. Misutilisation of public money is called economic reveolution for the POOR.
with regards,
knair
Ioc may fall to 300 ....
Posted by : knairTracked by: 0 Boarder
Dear marketman,
OMCs will always be under pressure as they have to run on borrowed legs due to govt policy. The govt in India is run by those political parties which generally have no long term goal to achieve other than keeping the shouting public happy for the moment. It makes announcements to continue subsidy but what actually the subsidy means.
You have Rs.100 and the cost of the thing that you want to buy is stated to be Rs.140. The govt gives a subsidy of 40 and you get the thing at 100. But the deficit of 40,( whether it is called deficit or subsidy) is to be squared up. While you are happy for not paying 40, the account remains unsettled. To make it squared up, the govt collects the so-called Rs.40 from you indirectly or directly imposing it on you. You are the person who has to pay it and suare it in any name you call it.
The OMCs are dragged to suffer all the pains due to govt policies. They cannot move with the mkt and never be able to take advantage.
They only way to heal the illness is to give them autonomy and adopt market oriented business activities. Competition will teach them how to reduce the cost and not orders issued from the govt. When it happens, we, the people will need no subsidy at all. Is it possible? Not in our life time if the present system continues.
IOC may go down to 300 or even touch 250 or so. If it is not happening, the mkt will force them to do so. The mounting losses will push IOC or the OMCs to be in red. But who bothers? It is public money. Misutilisation of public money is called economic reveolution for the POOR.
with regards,
knair
...
In reply to:
Ioc may fall to 300 ....
Posted by : marketman
Lot of damage already happened to omcs in india when the crude touched 148 mark recently.... now, govt openly telling the companies are still under heavy losses and thus not in position to reduce the petrol prices even there are concerns over inflation....
Oil marketing companies are already in bankrupt,and ofcourse indian govt continues to bailout them in one way or other for the interest of the public.... crude at above 100 and weakness of rupee will continue to keep pressures on omcs.... so,even at 300,investors may not like this stock....
NSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has informed the Exchange that a poll was conducted at the Annual General Meeting of the Company on September 19, 2008 on Item No. 1 of the Notice convening the Meeting. The Chairman of the meeting had appointed Shri B.V.Dholakia, practising Company Secretary of M/s Shah Dholakia & Asociates as an Independent Scrutinizer and Shri J. P. Maheshwari, a member of the Company, as second Scrutineer. The details of the poll result shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd (IOC) has informed BSE that the members at the 49th Annual General Meeting (AGM) of the Company held on September 19, 2008, inter alia, have accorded to the following :
A poll was conducted at the 49th Annual General Meeting of the Company on Ordinary Resolution (Item No. 1 of the Notice convening the Meeting) to receive, consider and adopt the Audited Profit & Loss Account for the year ended March 31, 2008 and the Balance Sheet as on that date together with reports of Directors and Auditors thereon.
The above item was passed with an overwhelming majority and with the above, the 49th Annual General Meeting of the Company stands concluded....
Ioc may fall to 300 ....
Posted by : GuestTracked by: 0 Boarder
I believe that $ will not appreciate farther and crude oil will trade in 85-95 dollar with in a week or two.Price of IOC will touch rupees 450-460 very soon,if world market doesn't tumble...
In reply to:
Ioc may fall to 300 ....
Posted by : marketman
Lot of damage already happened to omcs in india when the crude touched 148 mark recently.... now, govt openly telling the companies are still under heavy losses and thus not in position to reduce the petrol prices even there are concerns over inflation....
Oil marketing companies are already in bankrupt,and ofcourse indian govt continues to bailout them in one way or other for the interest of the public.... crude at above 100 and weakness of rupee will continue to keep pressures on omcs.... so,even at 300,investors may not like this stock....
Ioc may fall to 300 ....
Posted by : marketmanTracked by: 0 Boarder
Lot of damage already happened to omcs in india when the crude touched 148 mark recently.... now, govt openly telling the companies are still under heavy losses and thus not in position to reduce the petrol prices even there are concerns over inflation....
Oil marketing companies are already in bankrupt,and ofcourse indian govt continues to bailout them in one way or other for the interest of the public.... crude at above 100 and weakness of rupee will continue to keep pressures on omcs.... so,even at 300,investors may not like this stock.......
In reply to:
Ioc may fall to 300 ....
Posted by : knair
marketman,
IOC has already touched 300, being its 52 week low. It can again come back to that level. No arguments about any stock breaking the 52 week low, as down trend influences further downtrend.
How ironic it is that the mkt price is falling for OMCs when the crude is showing a favour. Just as the IT is falling when the dollar is strengthening. Is something wrong which none of us is able to see it?
knair
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