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NO BUY BACK
Posted by :
granitekingtoday trading only 19000 shares only...
Bhagyanagar target 30/-
Posted by :
vikiitdgraniteking please read your message again and see if it makes any sense. From whatever i could understand, there cannot be a better news than promoter buyback. But it is difficult for ppl like you who want daily upper ckts. patience is the key in stock market. Anyways best of luck to you. As far as bhagyanagar ind is concerned we don`t need to fight over it. Let the market decide. Soon it will be clear who was right....
Bhagyanagar target 30/-
Posted by : granitekingare u accepted this target??? still it is Rs.24/ average no good news!!!!! but u are always wrote + approch , but promoyers are REAL ESTATE ......?????...
Bhagyanagar target 30/-
Posted by : vikiitdhas been rising continuously for a week since the buyback started. Above 25, first target is 30. ...
wrong company
Posted by : granitekingpromoters are always lazy kumbakarna sleeping dont enter...
COMMA stock
Posted by : granitekingToday also no more improvement buy back quantity only 75k only, avoid the stock...
avoid this stock
Posted by : granitekingno more improvement from buy back , still in ..... dont enter this stock...
not seen buy back
Posted by : Guestlooks like you sold off before it started its upward journey and wish to re-enter at lower price. Otherwise i don`t understand why someone who claims, he is holding this stock for 2-3 months and asking others to avoid. only if others were equally foolish to listen to your daily avoid updates. sweet dreams. ...
not seen buy back
Posted by : granitekingstill one lakh only traded, avoid the stock...
avoid
Posted by : granitekingToday trading quantity only 25K not price average 24 only...
dead stock dont enter
Posted by : granitekingit is in my holdins past three months...
dead stock dont enter
Posted by : vikiitdbuddy look at the market first which is nose diving deep. But bhagyanagar is stable even in this market. It won`t take too much mathematics to understand why this stock will deliver more than 50% return within a month. However looking at the recent announcements i am tempted to even go long term in this stock. They are selling the Jelly filled cable division along with the GOA manufacturing unit. Their Uppal project is nearing completion. Money generated from both these resources will be enough to get into real estate business in a big way. Besides uppal, they have 52 acres in Vizag, 25 acres in Gachibowli. Promoter holding will be 70% after the buyback. This is a multibagger stock in medium term (4-8 months)....
NSE Announcements on Bhagyanagar Ind
Posted by : MMB MessengerKarvy Investor Services Limited has submitted to the Exchange a copy of the Corrigendum to the Public Announcement (PA) issued in the newspapers on October 31, 2009 with respect to the Proposed Buyback of Equity Shares by M/s Bhagyanagar India Limited through Stock Exchange Mechanism. A copy of the Corrigendum to the Public Announcement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcement). ...
BSE Announcements on Bhagyanagar Ind
Posted by : vikiitdFinally the buyback is going to start from tomorrow, which is why its price was stable today. More important is the item#9 from AGM that mentions that the company is looking to sell the entire Jelly filled cable business along with its GOA manufacturing unit to any interested buyers. Which leaves Bhagyanagar with Real Estate as the primary business. Look at the prime land bank the company owns in Vizag, Hyderbad, Chennai and the reason for buyback should be clear. The sale of Goa unit plus the buyback of 10% shares, plus focus on real estate sector, will boost the EPS of this company and will trigger a rerating by the time buyback is over. ...
BSE Announcements on Bhagyanagar Ind
Posted by : MMB Messenger
Bhagyanagar India Ltd has informed BSE about the following:
The Company has received approval from SEBI for commencement of Buyback & the Buyback shall commence on November 04, 2009 & close on May 18, 2010 or when the Company completes buyback to the extent of 1,00,00,000 equity shares under the offer or upon exhaustion of Rs 20.00 crores set aside for buy back whichever is earlier.
Karvy Investor Services Ltd ("Manager to the Buyback") on behalf of Bhagyanagar India Ltd ("Target Company") has issued a Corrigendum to the Public Announcement to the shareholders/ beneficial owners of the equity shares of the Target Company in connection with the buyback offer of equity shares from the open market through stock exchanges.
This Corrigendum is being issued in connection with the Offer for Buyback of the Equity Shares from the open market through Stock Exchanges ("the Buyback") by the Company as advised by Securities and Exchange Board of India vide their letter dated October 29, 2009. This corrigendum should be read in conjunction with the Public Announcement ("PA") dated October 10, 2009. The terms used but not defined in this corrigendum shall have the same meaning assigned to them in the PA.
The Equity Shareholders/Beneficial Owners of the Company may please note the following additions/amendments to the PA.:
1. Under the heading "1. The Buyback Offer and Price", the following clause has been added as clause 1.6.
"In case the company decides to continue buyback beyond the minimum size then a PA will be given in all the newspapers where the original PA has appeared at least two days in advance under intimation to Securities and Exchange Board of India".
2. At clause 5(8)(b) of the PA, i.e. Details of Equity shares purchased by the Promoters and Directors of the Promoter Company(ies), the date of Minimum price be read as December 02, 2008.
3. The date of opening of the Buyback offer mentioned under clause 2 (Proposed time table) & clause 7.5 (Process and Methodology to be adopted for the Buyback) of the PA may be read as November 04, 2009 instead of October 22, 2009....
