Uttam Galva Steel

Uttam Galva Steel is a stock to be bought and held for long term.....buy at CMP and reap the harvests .....Buy Buy Buy

Posted by : world investor
Price when posted : BSE: Rs 116.95 ( 0.00 % ), NSE: Rs. 117.05 ( 0.39 % )

I recommend a strong buy of Uttam Galva Steel at current levels for a period of 2 years....

My target is Rs.300.......

Kalwani:It hit Rs140 was that not re-assuring?

Posted by : rtoshniwal1
Price when posted : BSE: Rs 116.95 ( -0.21 % ), NSE: Rs. 116.60 ( -0.38 % )

operator maal pila gaya...

uttam galva

Posted by : flying bird
Price when posted : BSE: Rs 116.95 ( -0.21 % ), NSE: Rs. 116.60 ( -0.38 % )

I am holding uttam galva since 2 years.I bought at 56 now what to do whether sell or hold.what is future?...

Kalwani: My recommendationS up; so buy

Posted by : g_kalwani
Price when posted : BSE: Rs 117.80 ( 0.51 % ), NSE: Rs. 117.35 ( 0.26 % )

I recommended Meghamani just two days ago at Rs15+ now it is Rs17+. Similarly it appears Uttam Galva is poised for a magnificent rise.It sales are 3 times that of ShreePrecoated; According to
moneycontrol price/book is 1.7 only (upto 3 it is safe in my opinion) but ILandFS(nse=IVC) price/book is 14.59 ! So see the difference yourself. Maytas also poised for vertical pricerise I
think....

Kalwani:It hit Rs140 was that not re-assuring?

Posted by : g_kalwani
Price when posted : BSE: Rs 117.10 ( 0.73 % ), NSE: Rs. 117.00 ( 0.43 % )

18-11-2009 qtys HAVE JUST BEGUN absorbing
What do you think?...

Kalwani: Lets go fly kite AND uttam galva too

Posted by : Guest
Price when posted : BSE: Rs 120.95 ( 4.04 % ), NSE: Rs. 120.90 ( 3.78 % )

and soon we shall have
delicious "halva"
pitquote will have dark
tamil sheet to eat...

Govt okays L N Mittal`s Rs 503 cr FDI for Uttam Galva buy

Posted by : Guest
Price when posted : BSE: Rs 124.00 ( 6.67 % ), NSE: Rs. 116.50 ( 0.00 % )

The government has approved NRI billionaire Lakshmi Mittal-led ArcelorMittal`s over Rs 500 crore foreign direct investment for
acquisition of 35 per cent stake in steel products maker Uttam Galva.

The proposed FDI of Rs 503.37 crore by ArcelorMittal, Netherlands, has been approved by the Foreign Investment Promotion Board, the Finance Ministry said in a statement here.

The FIPB nod is a major regulatory go-ahead for the deal
, which would mark the first operational presence in India for the world`s largest steelmaker whose greenfield projects here have been plagued by regulatory and administrative hurdles.

Last month, ArcelorMittal had threatened to abandon its 20 billion dollar steel projects in Orissa and Jharkhand over delays, but said it will look for new sites within the country.

The Uttam Galva deal is also currently awaiting a nod from market regulator SEBI.

The investment is for ...

Kalwani: WILL BE PREFENCE ALLOTMENT?

Posted by : rkvarma
Price when posted : BSE: Rs 116.25 ( -1.06 % ), NSE: Rs. 116.50 ( -0.81 % )

Hi kalwani i was reading your posts since two months... i have nearly 600 shares of uttamgalva at 126/-. I am struck here...wen can we expect this stock to up.. its been so long at these levels.. it doesnt moving at all. :( :(...

Kalwani: WILL BE PREFENCE ALLOTMENT?

Posted by : g_kalwani
Price when posted : BSE: Rs 117.00 ( 0.04 % ), NSE: Rs. 117.20 ( 0.04 % )

Open offer makes no sense? No one is going to tender in for openoffer.I think there will be a preference allotment instead bec miglani controls 45% and Mittal has already acquired 5.6% that gives them majority and the preference allotment will be possible ...

Congrats!!!!! ArcelatorMittal acquired 35% stake

Posted by : vijaymaa2003
Price when posted : BSE: Rs 116.95 ( 0.65 % ), NSE: Rs. 117.15 ( 0.56 % )

Gentlemen this stock is for those who believe in long term investment. Purchase now and keep it for your old days....

Kalwani:O/O delay will help discover price level

Posted by : g_kalwani
Price when posted : BSE: Rs 116.75 ( 0.47 % ), NSE: Rs. 117.00 ( 0.43 % )

13-11-2009 delay will give Uttam Galva stock to find its own price. It`s like bookbuilding or discovery or currency float where the currency finds its own price level based on merits. So far Uttam has NOT found its own price level based on merits i.e demand and supply. sooner or later demand will rise during delayed period bec some FII etc will jump in.Already Uttam is heavily i.e 40%
owned by FIIs...

Kalwani:O.Offer delay is GOOD GOOD for...

Posted by : g_kalwani
Price when posted : BSE: Rs 116.30 ( 0.48 % ), NSE: Rs. 116.60 ( 0.69 % )

11Nov09 for stock price to go up like
maytas which has been delayed by a month
or so making it harder for IL&FS to acqui-
re. Uttam price not going up bec promotor
(or his public agent) selling in the mkt small small qty and NOT declaring on exch?
Anyway, if Mittal gets shares from promotr
then promotor will demand something in
return that will bode well for minority
stockholders. FIIs own 40%...

Kalwani: Mittal is LONG LONG WAY OFF

Posted by : g_kalwani
Price when posted : BSE: Rs 115.40 ( -0.52 % ), NSE: Rs. 115.45 ( -0.26 % )

8 Nov 09 from building his own steel plant
I would say atleast three years.
Three years mean a lot and that`s why he
need to nurture Uttam Galva but by that
time UG would have grown so large that
Mittal will NOT want to give it up or
break off. So it`s a mutual benefit....

Hold and accumulate...a gold mine....

Posted by : singadi
Price when posted : BSE: Rs 115.40 ( -0.52 % ), NSE: Rs. 115.45 ( -0.26 % )

Mittal has not invested blindly in this stock...The real story is not about UG alone....No doubt the stock will see revival as far as valuations are concerned and will revive its business strategy...under the leadership of Mittal...Another story is that of Meghlani jointly developing a new steel unit in Goa with the help of Mittal. UG has a hughe land bank in Goa which is rich in iron ore and the real handshake has been this deal...
I am accumulating at every dip....well it did not dip below 114 even when the sensex tanked 1000 points...that shows the strength of this stock....Dont miss this Gold mine...I suggest don`t give away this stock for a throw away price of 120 to mittal.......

Kalwani: Rs 11 capital gain tax per share??

Posted by : Guest
Price when posted : BSE: Rs 116.00 ( 0.43 % ), NSE: Rs. 115.75 ( 0.09 % )

why it is trading in low volumes...