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Nagarjuna Construction Co.
Really a shame
Posted by :
souravkunduTracked by: 0 Boarder
Dear rahul_kh,
Over the last couple of months we are getting many BSE/NSE annoucements about NCC mgmt increasing their stake.
Blackstone group has also held onto their stake.
I would also not suggest to average out... but keep holding for the long term... this stock will make the investors rich...
regards,
Sourav...
In reply to:
Really a shame
Posted by :
rahul_kh
Thats right Sourav. FII has around 32% holding in NCC as on 30/06/2008 which is in fact much higher than its promoters` holding which is about 23%. I believe NCC has bottomed out as compared to its peers and it seems extremely difficult that it would go down below 40.
Therefore if one needs to avergare out then its a right time to buy at current price however I personally feel that NCC is not the best scrip in construction sector therefore it is better to not to make a fresh entry into this and rather look for some other better stocks. 
Really a shame
Posted by :
bharadTracked by: 0 Boarder
Indiabull Real estate is bigger (in terms of market cap) than NCC with attractive technicals (PE, BV). i would rather bet on IBRE for long term. NCC, according to me will shed more weight in the next few days....
In reply to:
Really a shame
Posted by : nick7
even though i am holding nagarjuna const in my holding i never thought the stock would crash like this.really its not a cry i am sure the stock would trade at its peak very shortly well how this can happen to such a reliable sound and magnificently managed company its a classical story
it will not die. i think all people have decided that it will not move i tell you what the stock is now thrown in to the dust but i am sure it will regain its lost ground soon.EPS of close to 8 and FY 09 will be around 10. so stock is at 5 times PE So its time to invest at this stage without any hesitation i think fair value is around 140 - 150.
Really a shame
Posted by :
goldentipTracked by: 0 Boarder
I have been holding this stock for ever, this is one of my first investments. My first purchase was at Rs 18 (Rs 90 pre-split). ...
In reply to:
Really a shame
Posted by : souravkundu
Dear goldentip,
The same reason as to what took it at 380 levels... FIIs.
Moreover the whole of last fiscal NCC showed pathetic results... due to delays from their side. The situation is not any different this fiscal as well expect for the fact that, the delays would be from the GOI this time.
NCC would become a forced long term hold for a lot of people now... you should consider yourself lucky if you get your buy price within an year... by the way, how long can you hold this share?
regards,
Sourav
Really a shame
Posted by : vkk43Tracked by: 0 Boarder
The present level for NCC looks attractive but looking to the weakness in the market, it may fall a bit further. LT prospects of the share looks brighter....
In reply to:
Really a shame
Posted by : rahul_kh
Thats right Sourav. FII has around 32% holding in NCC as on 30/06/2008 which is in fact much higher than its promoters` holding which is about 23%. I believe NCC has bottomed out as compared to its peers and it seems extremely difficult that it would go down below 40.
Therefore if one needs to avergare out then its a right time to buy at current price however I personally feel that NCC is not the best scrip in construction sector therefore it is better to not to make a fresh entry into this and rather look for some other better stocks.
Really a shame
Posted by : rahul_khTracked by: 0 Boarder
Thats right Sourav. FII has around 32% holding in NCC as on 30/06/2008 which is in fact much higher than its promoters` holding which is about 23%. I believe NCC has bottomed out as compared to its peers and it seems extremely difficult that it would go down below 40.
Therefore if one needs to avergare out then its a right time to buy at current price however I personally feel that NCC is not the best scrip in construction sector therefore it is better to not to make a fresh entry into this and rather look for some other better stocks....
In reply to:
Really a shame
Posted by : souravkundu
Dear goldentip,
The same reason as to what took it at 380 levels... FIIs.
Moreover the whole of last fiscal NCC showed pathetic results... due to delays from their side. The situation is not any different this fiscal as well expect for the fact that, the delays would be from the GOI this time.
NCC would become a forced long term hold for a lot of people now... you should consider yourself lucky if you get your buy price within an year... by the way, how long can you hold this share?
regards,
Sourav
BSE Announcements on Nagarjuna Const
Posted by : MMB MessengerTracked by: 0 Boarder
Nagarjuna Construction Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, for approving the Un-Audited Financial results of the Company for the Second Quarter ended September 30, 2008 (Q2)....
Really a shame
Posted by : souravkunduTracked by: 0 Boarder
Dear goldentip,
The same reason as to what took it at 380 levels... FIIs.
Moreover the whole of last fiscal NCC showed pathetic results... due to delays from their side. The situation is not any different this fiscal as well expect for the fact that, the delays would be from the GOI this time.
NCC would become a forced long term hold for a lot of people now... you should consider yourself lucky if you get your buy price within an year... by the way, how long can you hold this share?
regards,
Sourav...
In reply to:
Really a shame
Posted by : goldentip
Sourav, I was out trekking in the mountains for 10 days, I did not follow any news, but when I come back, what do I see! I had added some more nagarconst just before I left at Rs 114, I thought thats a mouthwatering price, now it is at Rs 53!!!!!!! What caused a 50% slump in 5-7 days?
Really a shame
Posted by : goldentipTracked by: 0 Boarder
Sourav, I was out trekking in the mountains for 10 days, I did not follow any news, but when I come back, what do I see! I had added some more nagarconst just before I left at Rs 114, I thought thats a mouthwatering price, now it is at Rs 53!!!!!!! What caused a 50% slump in 5-7 days?...
In reply to:
Really a shame
Posted by : souravkundu
Dear nick7,
NCC is as never believe levels now... hold for more than 3 years atleast if you want awesome returns.
Regards,
Sourav
BSE Announcements on Nagarjuna Const
Posted by : MMB MessengerTracked by: 0 Boarder
Nagarjuna Construction Company Ltd has informed BSE that M/s. A V S R Holdings Pvt Ltd, an Investment Company belonging to the Promoters Group has acquired during the period October 06, 2008 to October 10, 2008, 11,90,283 Equity Shares of Rs 2/- each of the Company in the aggregate (Equivalent to 0.52% of the Paid-up Capital) through purchases from the Market (NSE & BSE). With the aforesaid acquisition, the holding of the Promoters Group in the Company has gone up to 24.16% of the total equity of the Company....
NSE Announcements on Nagarjuna Const
Posted by : MMB MessengerTracked by: 0 Boarder
Nagarjuna Construction Co. Ltd has informed the Exchange that the M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired during the period October 06, 2008 to October 10, 2008. 11,90,283 Equity Shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.52% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 24.16% of the total equity of the Company....
Really a shame
Posted by : souravkunduTracked by: 0 Boarder
Dear nick7,
NCC is as never believe levels now... hold for more than 3 years atleast if you want awesome returns.
Regards,
Sourav...
In reply to:
Really a shame
Posted by : nick7
even though i am holding nagarjuna const in my holding i never thought the stock would crash like this.really its not a cry i am sure the stock would trade at its peak very shortly well how this can happen to such a reliable sound and magnificently managed company its a classical story
it will not die. i think all people have decided that it will not move i tell you what the stock is now thrown in to the dust but i am sure it will regain its lost ground soon.EPS of close to 8 and FY 09 will be around 10. so stock is at 5 times PE So its time to invest at this stage without any hesitation i think fair value is around 140 - 150.
Really a shame
Posted by : nick7Tracked by: 0 Boarder
even though i am holding nagarjuna const in my holding i never thought the stock would crash like this.really its not a cry i am sure the stock would trade at its peak very shortly well how this can happen to such a reliable sound and magnificently managed company its a classical story
it will not die. i think all people have decided that it will not move i tell you what the stock is now thrown in to the dust but i am sure it will regain its lost ground soon.EPS of close to 8 and FY 09 will be around 10. so stock is at 5 times PE So its time to invest at this stage without any hesitation i think fair value is around 140 - 150....
Nagarjuna bees (20) rupayamein milega?
Posted by : psgsTracked by: 0 Boarder
yeh..ek...waste..... company hai re.
...
In reply to:
Nagarjuna bees (20) rupayamein milega?
Posted by : avrochan
20 Rs. hone kaa chance hai to hazaar kharidega.
Nagarjuna bees (20) rupayamein milega?
Posted by : avrochanTracked by: 0 Boarder
20 Rs. hone kaa chance hai to hazaar kharidega....
Nagarjuna const faces resistance at 100
Posted by : souravkunduTracked by: 0 Boarder
Dear psgs,
The pilots who would fly the airplanes in the GMR built airports would have lived in the hostels built by NCC !!!
:D:D:D:D
regards Sourav...
In reply to:
Nagarjuna const faces resistance at 100
Posted by : psgs
when companies like GMR are building airports this ncc is building community hostels for state govt`s. lol.
swamy.
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