Stocks

IFCI may sell stake.............

IFCI

Posted by : lifaylon
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

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If market corrects THEN that will be a horrible decision

Better take a Putt at 40 also
Bcos 40 can come b4 55 i feel...

In reply to:

IFCI may sell stake.............

Posted by : shortterm

Keeping in view the developing news on IFCI , how profitable can be taking a Dec Call @ 50 @ premium of 3.6 (today closing premium).

If folks have any prior experience of trading in IFCI options in past , please let me know your lessons (if any)

welspun gujarat hold or book loss

Welspun Guj

Posted by : dinesh_sharma45
Price when posted : BSE: Rs 271.35 ( -3.30 % ), NSE: Rs. 274.75 ( -2.19 % )

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Few day ago i bought welspun gujarat at rs.290.00 now i goes down every day . Please give me your valuable advice .

Thanks & Regards ...

Reliance MOU

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 1064.60 ( -2.94 % ), NSE: Rs. 1063.75 ( -3.06 % )

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Now subject to the Dadri Plant coming up which is not less than 2-3 years away it is to be seen how much gas based it really is and that can be a maximum of 28 mmscmd at US$ 2.34 or a middle price which might be worked out.

After 3 years RIL would have its entire CAPEX back and it either repay its debt against the acquisition and or ramp up gas production further whichever is feasible.

RIL has not ramped up its production to 60 mmscmd most probably prudently awaiting judgment of Honourable Supreme Court which might subdue the Q3 results in which I still expect and improvement of 10%-15% over the previous quarter which is similar to YOY as well.

...

In reply to:

Reliance MOU

Posted by : bhusbhac

Also the NTPC - RIL case is as yet not decided before HHC which trial is to begin on 4th December, 2009 before a single bench. So once again the MOU is lacking in respect of a very important ingredient on which HHC based its judgment.

So MOU a worthless piece of paper in a court of law is a deft statement exaggerated a little to give a punch to the argument.

Let us see if HSC tries to figure out what HHC might have overlooked.

Reliance MOU

Reliance

Posted by : subasu
Price when posted : BSE: Rs 1064.60 ( -2.94 % ), NSE: Rs. 1063.75 ( -3.06 % )

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Everyone knows about Ambareesh Baliga`s forecasts. The less said the better....

In reply to:

Reliance MOU

Posted by : lmp

Any way, there is one Opinion from learned firend;

Reliance Industries (RIL) has target of Rs 1300-1400, says Ambareesh Baliga of Karvy Stock Broking.

Baliga told CNBC-TV18,

Opens a Centre in China

Wipro

Posted by : rvk41
Price when posted : BSE: Rs 632.10 ( -2.22 % ), NSE: Rs. 629.30 ( -2.51 % )

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India`s third largest software services exporter Wipro has expanded its presence in China with the opening of second global delivery centre to provide IT & BPO services to its customers. New York-listed Wipro currently has a centre in Shanghai, China.

The new center in Chengdu city will offer secured facilities, labs and infrastructure for customer projects. The facility currently employs over 100 people and the IT major plans to add another 1,000 in the near future.

Inaugurating the centre Ge Honglin, Mayor of Chengdu city said, "Chengdu is a great outsourcing destination and we are happy that Wipro is inaugurating its center here.”

According to company`s press release, the new centre will broaden Wipro`s service capabilities along with its existing presence in Shanghai. This center will extend Wipro’s expansive portfolio of IT service to its customer with an initial focus in the first year on testing and enterprise application services for the manufacturing, banking, financial services & insurance (BFSI) industries. The center would provide multilingual services in English, Chinese and Japanese.

Sambuddha Deb, Executive vice president and Chief Delivery Officer, Wipro Technologies said, "This facility in Chengdu is one of the global strategic centers that we are creating around the world. Our employees here would be trained in Wipro’s quality processes, technologies & the high global delivery standards that Wipro is renowned for

For information,with regards
rvk41...

Help

India Foils

Posted by : nadhi
Price when posted : BSE: Rs 14.03 ( -0.43 % ), NSE: Rs. 14.10 ( 0.00 % )

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Dear rajesh,

You seem to have so many eggs in your basket. My goodness. How do you watch all those? You are fit to be a fund manager.

Regards

Nadhi...

In reply to:

Help

Posted by : rajesh chhabria

dear mitz,

from memory i can list out those which i am invested in ( some more - some less )

1. petronet
2. geodesic
3. 3 iinfotech
4. iob
5. bank india
6. karur vysya
7. corp bank
8. supreme infra ( sold half)
9. unity infra
10. era infra
11. sunil hitec
12. pratibha
13. genus power
14. bharti artl
15. accentia
16. temptation foods ( not made any profit )
17. gayatri projects ( sold more than half )
18. epic energy
19. psl
20 artsons
21. bartronics
22. fortis
23. nify bees, bank bees
24. vimta labs ( enterd today )
25. shiv vani
26. roman
27. kaushalya infra
28. msk proj
29. ub engg
30. knr
31. micro tech
32. ennore coke
33. galaxy entertainment
34. cranes software

may have left out a few ( list is in office )

so i hope all these go on to become 100 baggers ( for my sake )

-- will buy henceforth on value averaging method else just chill chill

cheers

buy more at this levels

Mahindra Satyam

Posted by : smartakka
Price when posted : BSE: Rs 92.75 ( 2.43 % ), NSE: Rs. 92.85 ( 2.31 % )

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I too sold around Rs 101 since I was having good profit and is waitng to cover it below Rs 80. I was once very fond of this share but recent happenings and Mr V Nayyars interview made me feel I should sell and cover it below Rs 80. With no financial fundamentals known and the management saying it will be available in June 2010 it is risky beyond Rs 75...

In reply to:

buy more at this levels

Posted by : Krunal Dedhiya

I did sold saeyam @115
I will be buying satyam back only below 75 now.
Friends dont be over optimist.

Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.

Mahindra Satyam

Posted by : yagneshdba
Price when posted : BSE: Rs 92.75 ( 2.43 % ), NSE: Rs. 92.85 ( 2.31 % )

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Can you please think twice before making any commet. Mahindra Group is not small. It is very big group with diffrent business. They belive in growth not in filing bankrupcy. It will take time to come into the light. They took satyam because Tech Mahindra have expertice in Tele Communnication filed only and they would like to expand IT business in diffrent area. The important Asset of Mahindra Satyam is their employees. They have excellent IT employees which are expertise in the diffrent area. For any IT firm brain of employee is the important assett and that is what Mahindra group acquired. It is a extension of the Tech Mahindra knowlege. Another important thing they can utilise Mahindra Satyam and Tech Mahindra`s employee so they need lees employee which will reduce cost and increase profit. Remember one thing employee cost is the biggest cost of any IT service firm. Mahindra group did very well. Infosys, TCS everyone was in the race of taking Satyam. Why they were interested because of the IT skills of that company.

Don`t worry about Mahindra Satyam and try to grab more. Yesterday I purchased 500 shares and today I have purchased 300 more and tomorrow as well I am going to purchase more....

In reply to:

Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.

Posted by : stkstudent

Very good, cheers, all the best. It is a matter of some time and patience. Regards.

Reliance MOU

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 1064.60 ( -2.94 % ), NSE: Rs. 1063.75 ( -3.06 % )

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Also the NTPC - RIL case is as yet not decided before HHC which trial is to begin on 4th December, 2009 before a single bench. So once again the MOU is lacking in respect of a very important ingredient on which HHC based its judgment.

So MOU a worthless piece of paper in a court of law is a deft statement exaggerated a little to give a punch to the argument.

Let us see if HSC tries to figure out what HHC might have overlooked....

In reply to:

Reliance MOU

Posted by : bhusbhac

fortis - Okay starting from the worthless piece of paper one has to note the difference between and MOU and an agreement. An MOU is a fore document and certain acts have to take place later on.

Direct your attention to the fact that the MOU is apoorly worded open document.

1. The demerger as per the MOU was gone through although the MOU has been converted into a scheme of arrangement so that the enitire MOU was not placed before th board or any department. Here the argument goes slightly against Mukesh Ambani since he is the `alter ego` of the organisation as per English Law. Indian Law is lacking in this respect although some precedents have been there however in thoise cases the `alter ego` were minority shareholders and the board of directors have gone aginst the director who made teh decsions.

2. Since a `suitable arrangement` was to be worked out based on price of US$ 2.34, tenure of 17 years and rest of the terms and conditions as per the NTPC contract. There is also a condition that GOI approvals are required for which both brothers would strive to obtain and a power of attorney was to be given by Mukesh Ambani to Anil Ambani so that he could move the approriate authorities. This last condition is not noted by HHC and the MOU also does not say that the `suitable arrangement` should be bankable.

The MOU is clear that the supplies were to be made to REL for captive consumption so that Anil Ambani could take REL to greater heighs.

There is a hint that one could get that the price of US$ 2.34 is not a subsidised loss for Anil Ambani since it is related to NTP which was made three years prior. Because of the GOI taxes and proift the cost is coming to around US$ 3.00 and I suppose a price of US$ 3.25 would be in order difference being paid back on a separate account. RIL has repeatedly hinted this cost to Honourable courts which have once again not been properly argued and noted.

RNRL becomes a party only because of the GSMA and not because of the MOU has skipped attention!

The fact that Anil is overlooking a midway gives rise to my belief that there is something wrong about the DADRI project. However there may be credence to some newspaper reports that this project is mor elikely to be coal fired since Anil Ambani has coalfields in South Africa.

So Anil Ambani may not need the gas for the Dadri project but is trying his best to get it for trading.

So likely captive consumption of RNRL or the ADAG group is not certain at all and could also be quite insignificant.

Most Outrageous CEOs in the world

Mahindra Satyam

Posted by : rvk41
Price when posted : BSE: Rs 92.75 ( 2.43 % ), NSE: Rs. 92.85 ( 2.31 % )

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It`s one Forbes list where none would want to figure, but Ramalinga Raju, the founder-chairman Satyam Computers (now Mahindra Satyam), has
managed the feat of being among the world`s 10 most outrageous CEOs.

Raju has been ranked as the world`s fourth most outrageous CEO in 2009 on the list compiled by the Forbes, known for its rankings of the richest and the most powerful the world over.

Giving Raju company are Sri Lankan-origin American hedge fund manager Raj Rajarathnam (third), former Merrill Lynch CEO John Thain (2nd) and Goldman Sachs` Lloyd Blankfein (1st).

Raju, the only Indian on the list dominated by Americans, owes his place on the list to his disclosure in January about committing the country`s biggest ever corporate fraud.

"In January, B Ramalinga Raju, the founder of Satyam Computer Services, confessed to overstating its profits over several years and creating a fictitious cash balance of more than $1 billion.

"He confessed to inventing more than 10,000 fictional employees to help him steal money from the company, and using his mother`s name to buy land with the proceeds. The police arrested Raju, his co-founder and brother, B Rama Raju, and former CFO Srinivas Vadlamani on charges of cheating, forgery and breach of trust

For information,with regards
rvk41...

Paramount Communications

Paramount Comm

Posted by : nadhi
Price when posted : BSE: Rs 14.99 ( 2.39 % ), NSE: Rs. 14.95 ( 2.40 % )

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Dear satish,

It is India Foils Limited.

Regards

Nadhi...

In reply to:

Paramount Communications

Posted by : Satish Gundewar

Sorry Jashn and Nadhi to interrupt in your discussion. Just wanted to know, are you guys talking about IFL promoters Ltd or some other company? Can you also elaborate whats the story in this counter so that i too can analyse it from my side.

It it an experts views

City Union Bank

Posted by : smartakka
Price when posted : BSE: Rs 25.15 ( -2.52 % ), NSE: Rs. 24.95 ( -2.92 % )

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karvy had earlier considerd City Union Bank fit for Rs 13 and had recommended its sale. Now it considers it as market perormer. What happens to any one who purchases or sells as per their recommendations?...

Buy Dena Bank . Target 95 +

Dena Bank

Posted by : sodhan
Price when posted : BSE: Rs 77.75 ( -6.49 % ), NSE: Rs. 77.80 ( -6.60 % )

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RBI dy governer has said time has not come for consolidation of banks.with inflation on head interest rates will go up. should book profits in bank stocks as these rates are not likely to be sustained....

In reply to:

Buy Dena Bank . Target 95 +

Posted by : StockTips

Buy Dena Bank . Target 95 +

Reliance MOU

Reliance

Posted by : bhusbhac
Price when posted : BSE: Rs 1064.60 ( -2.94 % ), NSE: Rs. 1063.75 ( -3.06 % )

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fortis - Okay starting from the worthless piece of paper one has to note the difference between and MOU and an agreement. An MOU is a fore document and certain acts have to take place later on.

Direct your attention to the fact that the MOU is apoorly worded open document.

1. The demerger as per the MOU was gone through although the MOU has been converted into a scheme of arrangement so that the enitire MOU was not placed before th board or any department. Here the argument goes slightly against Mukesh Ambani since he is the `alter ego` of the organisation as per English Law. Indian Law is lacking in this respect although some precedents have been there however in thoise cases the `alter ego` were minority shareholders and the board of directors have gone aginst the director who made teh decsions.

2. Since a `suitable arrangement` was to be worked out based on price of US$ 2.34, tenure of 17 years and rest of the terms and conditions as per the NTPC contract. There is also a condition that GOI approvals are required for which both brothers would strive to obtain and a power of attorney was to be given by Mukesh Ambani to Anil Ambani so that he could move the approriate authorities. This last condition is not noted by HHC and the MOU also does not say that the `suitable arrangement` should be bankable.

The MOU is clear that the supplies were to be made to REL for captive consumption so that Anil Ambani could take REL to greater heighs.

There is a hint that one could get that the price of US$ 2.34 is not a subsidised loss for Anil Ambani since it is related to NTP which was made three years prior. Because of the GOI taxes and proift the cost is coming to around US$ 3.00 and I suppose a price of US$ 3.25 would be in order difference being paid back on a separate account. RIL has repeatedly hinted this cost to Honourable courts which have once again not been properly argued and noted.

RNRL becomes a party only because of the GSMA and not because of the MOU has skipped attention!

The fact that Anil is overlooking a midway gives rise to my belief that there is something wrong about the DADRI project. However there may be credence to some newspaper reports that this project is mor elikely to be coal fired since Anil Ambani has coalfields in South Africa.

So Anil Ambani may not need the gas for the Dadri project but is trying his best to get it for trading.

So likely captive consumption of RNRL or the ADAG group is not certain at all and could also be quite insignificant.
...

In reply to:

Reliance MOU

Posted by : fortis

Good your views have improved than before..keep it up-let us see what is that worthless paper Mr.Slave talked about!

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

IFCI

Posted by : tara23
Price when posted : BSE: Rs 50.60 ( 2.12 % ), NSE: Rs. 50.55 ( 1.92 % )

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thanks for the advice...

In reply to:

TODAY`S NEWS: GOVT. FINALISING CONSULTANTS

Posted by : Guest

Don`t be so harsh.

Everyone has some hopes (short or otherwise)