hi swastika...wat will be the impact on the stock price (any specific tgts?) & will it b in the near future??...

Does this means satyam is gonna drown fully??? I have invested hoping that under mahindra this script will show some positive response... Will thr be any recovery in near future???...

Yes I have seen the news. The share ratio is that every shareholder of Surana Telecom will get 3 shares of Rs 10 each in the Surana Solar Power Company for every 4 shares held in Surana Telecom. It remains to be seen when this new venture will be listed and at what price it will be listed, because till the time of listing this will be a dud investment which will have depleted the value of the investors holding in the listed Surana Telecom....

Thanks for the info. Probably you mean to say that new plant/plants will be set up out side Gurgaon. Now I am also bullish on the stock for long term because came to know that about five international auto companies are interested to set up plants in India. The reason is because of NANO car which is the cheapest and this is because auto ancilliary companies have supplied parts in very cheap price. These international companies are interested not in low end car but in high end....

Atleast now it should hit 75-80mark by the end of the week. ...

could you explain more.....

even if they find good amount of oil, videocon holds just 12.5% stake and also it will take few years to ramp up the production. So the amount of profit will not be huge. One can get the estimate from production levels of near by finds of the block also calculating and comparing Cairn india and selan exploration output....

Amrapali Industries approved Stock Split

Amrapali Industries (BSE Code : 526241) approved Stock Split from Rs. 10 to Rs. 5.

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Swastika PMS...

Mahindra Satyam looks at out-of-court settlement with creditors

Mahindra Satyam looks at out-of-court settlement with creditors. 20 creditors from a total of 37 may withdraw legal notices issued earlier this month.

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Swastika PMS...

Valecha Engineering to mull fund raising

Valecha Engineering to mull fund raising via ADRs/GDRs/FCCBs on November 27, 2009.

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Swastika PMS...

IRB Infra to raise funds

IRB Infra to raise Rs 1,200 crore via QIP/FCCBs/ADRs/GDRs.

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Swastika PMS...

Bajaj Hind approves Power Capacity Expansion

Bajaj Hind approves Power Capacity Expansion by 400 MW to 830 MW.

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Swastika PMS...

Surana Telecom & Power Ltd to Demerge

Surana Telecom & Power Ltd to Demerge Solar Business in to Surana Ventures Ltd to Consolidated Solar Business.

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Swastika PMS...

Satyam Fraud 40% Larger Than Ramalinga Raju Claimed

Satyam Computer Services Ltd.’s accounting fraud was 40 percent larger than the Ramalinga Raju claimed, according to Central Bureau of Investigation. Investigators found 28.09 billion rupees ($606 million) of additional fraud at Satyam. That’s on top of the 71.36 billion rupees former Chairman B. Ramalinga Raju said in January he misrepresented by inflating company assets and understating debt.
The federal agency filed additional charges, including faking invoices and falsifying accounts, against Raju and nine defendants as the bureau concludes its nine-month investigation.

The fresh charges include details related to money raised from pledged shares at inflated values, loans from forged board resolutions, money gained from selling founders’ shares and dividends from inflated profit, fake invoices and falsified accounts.

Investigators found an additional 12.21 billion rupees of loans raised by forging board resolutions, and 7.48 billion rupees of illicit gains from the sale of shares and 2.3 billion rupees in dividends received from inflated profits. Seven fake customers were also created to book 4.3 billion rupees of sales and falsified accounts of about 1.8 billion rupees while buying subsidiary Nipuna Services Ltd.

Investigators also found 1,065 real-estate properties purchased by the accused, including 6,000 acres (2,428 hectares) of land, 40,000 square yards (33,445 square meters) of housing plots and 90,000 square feet of building space. Together they have a value of 3.5 billion rupees.

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Swastika PMS...