Stocks

Decoupling days are coming ahead.........

Posted by : bubbu64

atheist

ur right , however about 50% of the real estate deals done by ICICIBANK so far from 2003-2004 onwards were mostly done with IT software professionals and BPO workers. Of this a very large part were from the BPO sector. With the IT and the BPO sector soon to take a hit bcoz of the world wide crisis I am going to see huge loan defaults arising sooner or later and secondly the real estate mkts will soon start its downward spiral and in such a case those who have taken a second or more property for speculative investment will soon try to get rid of it even at reduced prices. If it doesnt get sold due to current high int rates most of these investors will start defaulting, unless of course ICICI either reduces the EMI`s or increases the period. It has already started happening but then ur right it may not happen. What will start a housing downturn like in the US needs a spark like fear of prices falling, job losses, fear factor etc. Anything can happen. if prices fall and if those try to renegotiate their loans due to decrease in value or threaten to default, then ICICI will have a huge property bank on their hands at a loss and its will impact its balance sheet. I remember a friend of mine in ICICI in bangalore who confided in me in 2004 as to how ICICI was giving loans to all and sundry of course with a 15 down payment but not sure if the guy would be able to repay his loan. It was easy getting a loan in 2003 like buying a cigarette at the local pan shop. Infact the max defaults if they ever happen will happen from the BPO call center etc sector. Easy loans, easy money, for a couple working in the same co life was cool. I guess the party is getting over.

Today upper limit can be hit.....

Posted by : mano

Buy 10lack shares at 0.40 by investing lacks of rupees you will get 15 lack in one year time.

Weak undertone

Posted by : ar_akm

Hi vkk43, No doubt, market conditions are good for the stock?

Decoupling days are coming ahead.........

Posted by : bubbu64

atheist

ur right , however about 50% of the real estate deals done by ICICIBANK so far from 2003-2004 onwards were mostly done with IT software professionals and BPO workers. Of this a very large part were from the BPO sector. With the IT and the BPO sector soon to take a hit bcoz of the world wide crisis I am going to see huge loan defaults arising sooner or later and secondly the real estate mkts will soon start its downward spiral and in such a case those who have taken a second or more property for speculative investment will soon try to get rid of it even at reduced prices. If it doesnt get sold due to current high int rates most of these investors will start defaulting, unless of course ICICI either reduces the EMI`s or increases the period. It has already started happening but then ur right it may not happen. What will start a housing downturn like in the US needs a spark like fear of prices falling, job losses, fear factor etc. Anything can happen. if prices fall and if those try to renegotiate their loans due to decrease in value or threaten to default, then ICICI will have a huge property bank on their hands at a loss and its will impact its balance sheet. I remember a friend of mine in ICICI in bangalore who confided in me in 2004 as to how ICICI was giving loans to all and sundry of course with a 15 down payment but not sure if the guy would be able to repay his loan. It was easy getting a loan in 2003 like buying a cigarette at the local pan shop. Infact the max defaults if they ever happen will happen from the BPO call center etc sector. Easy loans, easy money, for a couple working in the same co life was cool. I guess the party is getting over.

Weak undertone

Posted by : vkk43

U just see today`s condition for this scrip.

Today upper limit can be hit.....

Posted by : vineet1982

Hello friends,

ha ha ha today upper limit may be hit. those had purchased it at lower lever may book partial profits. As I think Sept. 2008 result will have 100% growth and the reason is dollor/rupee as on 1st sept is at 42 and now at 48 and you may think how much the profit a company can make.

Vineet

Are we far or near to bottom?

Posted by : investor11

News headlines are
JET has removed 800 emplyee
Reliance retail removing their employee
Corporate earning disapointing
IIP no dismal
Gov strugling to improve liquidity
Short sellers rulling the game

DOW below 9000
No respite following 700 billion $ bailout package
Europian down by 5-7%
Asian peers no better
Emerging market dismal performance

What is the out look for Indian equity market?
Low PE multiple are looking expensive
Yesterday blue chips are looking midcap today.
Are we entering in to long term slow down compounded by world economy?
I see NIFTY to trade at sub 3000 level which may not be too far away
Expert please comment

best buy time....enjoy

Posted by : Lalitdeshpandey

Earth, air, sky sun, rivers sea are for every one.
Whiis who is none of the business of any one of you.


Where just matter ends with guest Id having almost all
rights on this board, why one shall spoil brain???????

and you people are talking like this is your property.
Moderators do not mind anything except messages posted
within the rule set for the board, Who are to go in such details?
Who gave you right ??

Do your business and let others to do their own!!!!!!!
Free board dosent give you right of Retention or Redeemption
of your thoughts.

Black cat can post here if she can post!!!!!!
white dog can have walk on this Ramp.....
Hounds can compete any one here.....

This can be multibagger

Posted by : Nodick

use your mind yar. Simple check shareholding of MOSL

is it de right time to buy bata shares?

Posted by : Guest

any reason why it is falling tremendously?

Pull back expected

Posted by : Sriman35

Hi vkk,

Yes, very week.... infact beaten down to the core. Think we are bottoming out in metal sector, atleast the case of scripts like Tata Steel (5 yr low), Hindalco (4 yr low), Sesa Goa.. etc....

Regards,
Sri

Margins under pressure

Posted by : vtycoon

Larsen & Toubro has posted gross sales of Rs.7,777 crores for the quarter ending September 2008, registering a growth of 40% over the corresponding quarter of previous year. Total income for the quarter grew to Rs.7,842 crores (Rs.5.523 crores for quarter ending Sept. 07) registering a growth of about 42%. This is more than expectations, as 35% growth in topline on an annualized basis is being projected by the analysts for the company.



However, disappointment came from pressure on margins, which has resulted into a lower growth at operating profit and net profit levels. EBIT for the quarter is at Rs.760 crores against Rs.561 crores of the corresponding quarter of previous year, recording a growth of 35.50%. PAT rose to Rs.460 crores (Rs.348 crores) which grew by 32%. Interest costs increased to Rs.69 crores against Rs.13.24 crores for Sept. 07 quarter and Rs.38.24 crores for June 08 quarter.



Inspite of global slowdown, the company secured fresh orders of Rs.12,453 crores during the quarter, which recorded a y-o-y growth of 74%. Of this, engineering & construction orders are of Rs.10,434 crores, registering a growth of 90%, with share of international orders at 22%. As at 30-09-08, this division had an order book of Rs.60,931 crores with share of international orders being 17%.



EPS for first half of the company, on expanded equity base of Rs.117 crores, is at Rs.16.50. Generally, September quarter of the company is always lean while March quarter is robust. On full year base, FY 09 EPS, should be close to Rs.48.



Post result announcements, the share price of the company fell by about 10% to Rs.900. On expected FY 09 earnings, share is ruling at a PE of less than 20. The company is confident of posting a growth of about 30% in topline and bottomline for FY 09 and FY 10, which looks possible, considering its order book and improvement in its margin from 10.60% to 11% in its engineering and construction division, from which 80% of the company’s turnover comes.


One may not be able to catch the bottom for the stock, but those who have 12 month horizon, can contemplate buying at Rs.900 levels and those who are holding it are advised to remain invested.

Reliance Industries may hit 1670-1680: Bose

Posted by : MMB Messenger

Technical Analyst, Rajat K Bose is of the view that if the market were to really move up, Reliance will take it up and it may even hit Rs 1,670-1,680.

Pls advise!!!

Posted by : goodbet

I hold 850shares @ 47. Can anybody advise me on the future roadmap? The last qtr results were disaster..