Stocks

buy back ?

Posted by : snack

One of there major reasons for the stockmarket downfall India is the firesales done by the FIIs as they are hardstrapped for funds in their hometowns. In fact, this has also led to the cost of dollar becoming higher inrespect to rupee - as there was a mad scramble by the FIIs to remit back dollars which was bought in rupees - simple economics of demand and supply.

If one studies Satyam shareholding, 60% + is being held by FIIs. So there is a mad sale going on by them - and there is not enough money in the local markets to buy them - hence there is a tremendous drop. This sale is more for the FIIs to generate cash rather than a reduction of their trust in the company`s capabilities. This is so with most of the companies where FII holdings are fairly high. Of course, this has also led to a herd effect and other shares too dropped.

The company`s fundamentals remain the same. Remember it is a service industry - that means high variable costs and every resource is directly related to revenues. WHich means costs can be easily reduced to offset reducing revenues too - unlike manufacturing companies where fixed overheads are much higher.

So if revenue drops, idlers and low contributors are sent out to maintain profiabilites. So what if the top line goes down - particularly if it is the general trend - its the bottom line and EPS which is important. Service companies are the best positoned to maintain bottom lines even if top line drops.

And it is not that 3rd world war has come. Technology is here, not only to stay, but to surge still further. How many of us are willing to go back to scrubbing clothes instead of using washing machines - or listen to plain ol` radio instead of TV, or worse digital TV. If our cellphone conks out, are we willing to throw it away and not buy a new one ? We may perhaps decide to sit on the floor on a divan when our sofa breaks down, but we will definitely replace the TV set if the older one conks out.....and of course the internet...its simply technology which is driving it. Do you think all these will simply vanish ?

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

Posted by : osteoporous

Dear lifaylon

ICICI Bank has no promoter. It is like L & T. Total shareholding is public. 72% directly held by public and 28% with custodians (for issuance of ADR.)

Regards.

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

Posted by : bubbu64

morningstar

Bang on dot on what I have been trying to tell the boarders here.

I remember property prices in Hyderabad were quoted at Rs 100 one day, at Rs 200 after a month, at Rs 300 the month after and so on. When I talked to a GM of a well known real estate co her reply was so what`s wrong in that. This was in 2006. Now the time has come for these fly by night real estate cos. The owners themselves cannot even speak english in many cases. I know a few CEO`s of some Real estate cos in Bangalore who could speak only in Kannada. I am not against Kannada but yes when in a business like real estate with even NRI`s buyers asking u questions u need to know the business lingo. Ergo I understood immediately what was wrong with the company and so was the case with many others too.

The bitter truth is property prices in India should fall to min even 70 to 80% of their present value to be actually worth buying. Bullshit cos from Pune to Sangli to even small towns like Nagpur suddenly tried to cash in on the IPO boom. Thankfully not many were successful IPO`s partly due to the fact that by that time the mkt crash had almost started and investors were getting smarter. Nevertheless many innocent investors are still stuck with these mere craps of tissue paper. I can see many of these papers getting worthless as toilet paper.

Greed more Greed and even more Greed has in fact lead to this mkt getting a big tip to the bottom.

Frankly from 2006-2007 the mkt frenzy caught up with so many ppl opening demat accounts even in the names of their underaged children. Investors became greedy considering that our middle class had got a raw deal all these years being stuck in the twilight zone neither rich nor poor, and hence crores pumped money in whatever unheard of stock tickers they could find. I remember software engineers working in Infosys, Satyam and many more cos Bangalore parading around in their company T-shirts with their familiar employee dog tags round their necks, showing off by blowing loads of money on booze, new cars, flashy clothes, EXPENSIVE HIGLY PRICED FLATS (thereby giving the developers the much needed boost to greedily double, triple their flat prices), gadgets all purchased beyond their buying ability ALL TAKEN ON LOANS of course. I guess this stock crash is GOD`s way of punishing them. I guess what became a show of happiness to individual prosperity soon turned to maniac madness and now has become their downfall.

Time has now come such people to pay for the sins in the form of a such a brutal stock market crash. I feel bad saying this but its the bitter truth. Apologies if my post has any individual sentiments/ feelings.

bubbu64

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

Posted by : bubbu64

DU

DOW up at 230 pts at the moment amidst extremely high volatility at 81%. One hour left for the mkt to close. Wow what a ride I am seeing.

Wake up Dad.....wake up.....your house on Fire.......

Posted by : vkk43

In case rally in the market is sustained for a few days, the share, being a momentum stock, can rally also and reach above 100/110 level maximum. So Hold. Minus point is the forthcoming right issue.

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

Posted by : sambala

Dow Jones Industrial Average up 411 points at 8,989.69

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

Posted by : sambala

Stocks in late rally

A volatile session turns positive as lowest oil prices in a year give investors a reason to jump back into the market

NEW YORK (CNNMoney. com) -- Wall Street rallied Thursday afternoon, toward the end of a volatile session, as the lowest oil prices in more than a year gave investors a reason to scoop up shares battered in the recent market selloff.

With about 20 minutes left in the session, the Dow Jones industrial average (INDU) was up around 395 points, after having been down as much as 380 points in the late morning. That loss - combined with losses over the last two sessions - had erased all of Monday`s record 936-point advance.

The Standard & Poor`s 500 (SPX) index rose 2.3% and the Nasdaq composite (COMP) gained 3.2%. The gauges were on both sides of the breakeven point throughout the morning.

Stocks tumbled in the morning as investors considered a pair of weak manufacturing reports, Merrill Lynch and Citigroup`s losses and the slide in oil prices.

Yet stocks recovered and turned higher in the afternoon as oil prices slumped and the three major gauges inched closer to multi-year lows hit during last Friday`s session. Some market pros think those lows could represent a bear-market bottom.

Meanwhile, the credit market has been showing some signs of loosening, with several key lending rates declining.

But volatility is here to stay, reflecting uncertainty about the economy and the still flailing financial sector, analysts said.

"To a certain extent, we`re in the middle of a hurricane," said Gary Flam, portfolio manager, Bel Air Investment Advisors. "It will pass eventually and we will get through it, but there`s been a lot of damage."

While investors have welcomed many of the steps the government and world banks have taken to get money flowing again, the tone of the market has remained pretty negative. That`s partly because a lot of the programs won`t kick in until several months from now.

Investor fear is at an all-time high, with the CBOE Volatility (VIX) index, or the VIX, rising to a record 81.13 Thursday before pulling back a bit.

Recession talk pounded stocks Wednesday, with the Dow falling 733 points, its second worst session ever on a point basis. The slide of 7.9% was the Dow`s 9th worst ever. Declines for the S&P 500 and the Nasdaq were comparable.

The decline Wednesday wiped out $1.1 trillion in market value on the Dow Jones Wilshire 5000, the broadest measure of the stock market.

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

Posted by : sambala

Battling back in final hour

Technology benchmark surges 2% in volatile session that also sees the Dow industrials yanked triple digits in both directions


NEW YORK (MarketWatch) -- U.S. stock indexes veered higher late Thursday afternoon in an attempted rebound from the prior day`s rout, after dismal data was overshadowed as the price of crude dropped below $70 a barrel for the first time in more than a year.

It`s really a market without conviction. Anyone selling in this market has a roughly half-hour time horizon, and anyone buying has to have at least a one-year horizon. That is why we have such volatility -- the Wall Street FAT CATS are selling and retail is just sitting there watching," said Jack Ablin, chief Investment officer, Harris Private Bank.

Rapidly shredding early gains, stocks fell steeply after the Federal Reserve Bank of Philadelphia reported conditions in the region`s manufacturing sector deteriorated significantly in October.

It was one of just several pieces of economic data that painted a grim picture.

"The financial markets are now in the process of adjusting for the dark period of economic activity that is now upon us, and data such as today`s will further the process," said Tony Crescenzi, chief bond market strategist at Miller & Tabak.

Final target 15 (cum-bonus) is intact

Posted by : mukut

Capital gain tax calculation will be based after dividing the price not based on original value.
Base price will be considered Rs20. If u at sell at 20 CG= (20-20)=0 so no loss.It can not be adjusted against loss incurred.

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

Posted by : bubbu64

DU

DOW up at 230 pts at the moment amidst extremely high volatility at 81%. One hour left for the mkt to close. Wow what a ride I am seeing.

Good Buying Oppourtinity.....

Posted by : ays

sir,
on what basis u r giving this 100 cr target pl see previous result the last two qt of every year shows the significant amount of profit margin slow down and in previous year there is otherincome factor most for that 55cr so please tell me what is your view about the 100cr profit in 2009

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

Posted by : DUstocks

What I had expressed at the end of my post was : Sorry, no discussions/offers invited on THIS post !

What you commented in your post was a clear indication that in your hurry to retort you just didn`t bother to have a careful look at the contents of the post. No problem. This is a common maladay here at the MMB boards ... you`re not alone.

If your vanity makes you feel great/victorious about any TRAPS ... great ... have fun ! Cheers....

This can be multibagger

Posted by : nol

thank you mr. nodick, you are right i have confimed from an independent source.