tag:blogger.com,1999:blog-55006168822955132152024-03-13T16:43:29.573-07:00KeralaTradersempowering investors.. jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.comBlogger241125tag:blogger.com,1999:blog-5500616882295513215.post-19731166891010469762014-03-28T11:58:00.000-07:002014-03-28T11:58:09.693-07:00Navbharat IAS Academy Foundation Programme<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXowCnL4Wk22ZYqeXXbqIDs1OX27-bULZOojmYuSR-VmrGdiBppO63H2vh7cHnZPtL8FUe1jNXvkndsKms-0IFLrPmEpZomel5Z6z7cGwBuvROF3BZK6XUgi4glkAXqnh1qR18rwx7b7mY/s1600/summer.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXowCnL4Wk22ZYqeXXbqIDs1OX27-bULZOojmYuSR-VmrGdiBppO63H2vh7cHnZPtL8FUe1jNXvkndsKms-0IFLrPmEpZomel5Z6z7cGwBuvROF3BZK6XUgi4glkAXqnh1qR18rwx7b7mY/s1600/summer.jpg" height="480" width="640" /></a></div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-69110599758766527312013-10-03T01:25:00.003-07:002013-10-03T01:25:44.069-07:00STAY TUNED<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: x-large;">Dear followers,</span><br />
<span style="font-size: x-large;">Stay Tuned.....Big investment and trading ideas to be announced this weekend</span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-80798209831836055412013-09-05T01:28:00.001-07:002013-09-05T01:28:59.799-07:00Trap Ahead<div dir="ltr" style="text-align: left;" trbidi="on">
Dear traders,<br />
Dont get over excited by seeing the past three or two days nifty movement. I feel this is kind of a trap bcoz India's Fundamentals like rupee depreciation,Current Account Deficit,Inflation have not been solved yet.As Raghuram Rajan became RBI governor Market expecting some soft corner measures from him. That is why nifty seen a dramatic U-turn of 300 points.So I request not to put your money in this mkt with intention of making quick returns.For me its a time for acquiring and buying on dips good quality large caps for next two or three years prespective<br />
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After this week I will be mentioning some names associated with banking licence and few other good quality stocks<br />
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<b><u> THANK YOU</u></b></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com1tag:blogger.com,1999:blog-5500616882295513215.post-9955682933942878162013-07-31T21:45:00.004-07:002013-07-31T21:45:51.626-07:00Dont Invest In MCX and FT shares As of Now<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ5LzzqkbfRek72Eij4lV4ZNKfAaiVVDqj8DRD7HEoJbyWqIuC3ma3sXcy8TIVIq2EMCIXDno_xfpB3yh5LKr-61ns_u03N5zBxfi_F6NlJsMibOIcbVZvgatAqD8qv9kPeW9cMk9qc4Dw/s1600/ft.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ5LzzqkbfRek72Eij4lV4ZNKfAaiVVDqj8DRD7HEoJbyWqIuC3ma3sXcy8TIVIq2EMCIXDno_xfpB3yh5LKr-61ns_u03N5zBxfi_F6NlJsMibOIcbVZvgatAqD8qv9kPeW9cMk9qc4Dw/s1600/ft.jpg" /></a></div>
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">National Spot Exchange (</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px;">NSEL</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">) has suspended <a href="http://economictimes.indiatimes.com/topic/trading" pg="asTopicL1" style="background-color: transparent; color: #024d99; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">trading</a> of all contracts, other than e-Series and deferred the settlement, sparking fears of cash crunch and <a href="http://economictimes.indiatimes.com/topic/default" pg="asTopicL1" style="background-color: transparent; color: #024d99; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">default</a> of payment in the Financial Technology-promoted commodity bourse. The exchange has blamed the government for the structural changes it has instructed a few weeks back for creating market disequilibrium.</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px;"> </span><br style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px;">While </span><a href="http://economictimes.indiatimes.com/topic/NSEL" pg="asTopicL1" style="background-color: white; color: #024d99; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">NSEL</a><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px;"> officials were unavailable for comments, brokers said that the exchange has stopped payouts on Wednesday due to financial crisis, which could impact operations of many of the brokers who are into commodity trading on Thursday. </span><br style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px;">"National Spot Exchange (NSEL) has suspended trading of contracts, other than e-Series contracts till further notice. It has also decided to merge the delivery and settlement of all pending contracts and deferred the same for a period of 15 days. Consequently, the positions outstanding in the contracts will be settled by way of delivery and payment after expiry of 15 days," NSEL said in a late evening press release on Wednesday. </span><br />
<span style="background-color: white;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 24px;">Today Financial Technology share hit a year low at 307 from previous close of 540. MCX also tanked to 15% from yesterdays close of 638 to 536.So better avoid investments at this point until we get a clear picture</span></span></span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-13393926385885304972013-07-17T22:06:00.003-07:002013-07-17T22:06:24.045-07:00Simple Request<div dir="ltr" style="text-align: left;" trbidi="on">
Dear fellow traders,<div>
Pls don't take leverage on trading and kindly don't trade with borrowed money as market is much volatile and going through a weak sentiment.Better to buy with a long only view.</div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-8478537536402539062013-06-19T22:43:00.002-07:002013-06-19T22:43:50.518-07:00Why Nifty Tanked 130 Points today<div dir="ltr" style="text-align: left;" trbidi="on">
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Overnight interest rates in the U.S. have been near zero since December 2008 when the Fed initiated its bond buying programme. As a result of this ultra-low interest rate regime and abundant liquidity, money has flown out from the U.S. to emerging countries like India, where interest rates are comparatively higher. Foreign institutional investors (FIIs) have pumped almost $14 billion into India so far this year and $22.2 billion last year.</div>
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The Fed is now contemplating to reverse its policy because the U.S. economy seems to be coming back on tracks. Any tapering of bond-buying by the Fed could mean interest rates in the U.S. could start rising and money will flow back to government debt bonds in the U.S.</div>
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Fearing a reversal in the Fed policy, FIIs have turned sellers. FIIs have sold equities totalling over <span class="rupee" style="font-family: RupeeForadianRegular;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span> 4,000 crore over the last seven sessions. FIIs have sold Indian debt totalling $4.7 billion in 18 consecutive sessions.</div>
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A reversal of portfolio flows results in falling equity prices. Since May 22, the BSE Sensex is down nearly 6 per cent, while the Nifty has broken the 5,700 mark.</div>
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The withdrawal of funds has hit the rupee hardest because India runs a large current account deficit (the difference between inflows and outflows). Conversely, a weak rupee makes investment in Indian stocks unattractive.</div>
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Corporates with unhedged forex exposure could suffer increased losses as the rupee inches lower. This will further weaken investor sentiments.</div>
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Outflows from equity and debt markets raise concerns about financing of the current account deficit. An estimated $90 billion is required to fund the gap in India's balance of payments (export minus imports) in the current financial year.</div>
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Asset price volatility and a slowdown in capital inflows would hurt investment, as uncertainty further delays a revival of the capex cycle, global investment bank Nomura says.</div>
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The Reserve Bank of India, which has warned of upward risks to inflation on account of the rupee weakness, may be forced to hold on to its rates. This will further hurt stock markets. All this would delay India's GDP growth, which hit a decade low in the last fiscal.</div>
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The only positive from the Fed's reversal will be a fall in commodity prices, including gold, which will also help bring down high current account deficit.</div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-47261045031986715632013-05-30T00:35:00.000-07:002013-05-30T00:35:01.268-07:00Adding Selected Realty Shares In Portfolio<div dir="ltr" style="text-align: left;" trbidi="on">
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After booking profit in TGBL and Cairn India now I am using my cash reserve in portfolio to buy selected fundamentally strong realty stocks at attractive valuations.Already have Rs.84344in portfolio as reserve and 5 stocks in holdings.Initially started portfolio with Rs.100000.<br />
Now adding DLF(203),JP associates(66) and Sobha Developers(390) and Oberoi Realty(235) all with equal weightage of 10% in portfolio worth Rs.40375 purchase.So my cash reserve will be reduced to Rs.43969.<span style="background-color: yellow;">This is biggest addition to my trading portfolio in recent times</span><br />
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I expect ahead of upcoming monetary policy by RBI on june good realty shares will continue uptrend. Most probably this time there will be a cut in CRR and Repo too.So this is right time to pick trading bets<br />
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<tr class="tableizer-firstrow"><th>SCRIP</th><th>BUY RATE</th><th>BUY QTY</th><th>SECTOR</th><th>WEIGHTAGE</th><th>CMP</th><th>CURRENT VALUE</th></tr>
<tr><td>STRIDES ARCOLAB</td><td>800</td><td>6</td><td>PHARMA</td><td>5%</td><td>887</td><td>5322</td></tr>
<tr><td>BAJAJ FINSERV</td><td>890</td><td>6</td><td>NBFC</td><td>5%</td><td>667</td><td>4002</td></tr>
<tr><td>JAI CORP</td><td>85</td><td>117</td><td>REALTY</td><td>10%</td><td>60</td><td>7020</td></tr>
<tr><td>DCB</td><td>50</td><td>200</td><td>BANKING</td><td>10%</td><td>45</td><td>9000</td></tr>
<tr><td>RELCAPITAL</td><td>400</td><td>25</td><td>NBFC</td><td>10%</td><td>342</td><td>8550</td></tr>
<tr><td>DLF</td><td>203</td><td>50</td><td>REALTY</td><td>10%</td><td>203</td><td>10150</td></tr>
<tr><td>JP ASSOCIATES</td><td>66</td><td>150</td><td>REALTY</td><td>10%</td><td>66</td><td>9900</td></tr>
<tr><td>SOBHA</td><td>390</td><td>25</td><td>REALTY</td><td>10%</td><td>390</td><td>9750</td></tr>
<tr><td>OBEROI</td><td>235</td><td>45</td><td>REALTY</td><td>10%</td><td>235</td><td>10575</td></tr>
<tr><td></td><td></td><td></td><td></td><td></td><td>HOLDINGS</td><td>74269</td></tr>
<tr><td></td><td></td><td></td><td></td><td></td><td>RESERVE</td><td>43969</td></tr>
<tr><td></td><td></td><td></td><td></td><td></td><td>PORTFOLIO</td><td>118238</td></tr>
</tbody></table>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-36413351058356256402013-05-16T20:49:00.000-07:002013-05-16T21:09:35.391-07:00Buy JM Financials For Longterm <div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgabRf3-4ScaXlEuTYTQmF12sSteZqmXy1H5vF441xIQNpB7Z7uwuBbpmVdXFFDm7dIHyOJo_mZExty4lcq0P8W4bKMuUoeOrEKjmXijOqtR8FQNcP8NU4GJbJLXRCQldCm6VcuNbQb-4-b/s1600/JM1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="94" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgabRf3-4ScaXlEuTYTQmF12sSteZqmXy1H5vF441xIQNpB7Z7uwuBbpmVdXFFDm7dIHyOJo_mZExty4lcq0P8W4bKMuUoeOrEKjmXijOqtR8FQNcP8NU4GJbJLXRCQldCm6VcuNbQb-4-b/s320/JM1.jpg" width="320" /></a></div>
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<span style="background-color: white; font-family: inherit;"><span style="color: #555555; line-height: 18px; text-align: justify;">JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors.</span><br style="color: #555555; line-height: 18px; text-align: justify;" /><br style="color: #555555; line-height: 18px; text-align: justify;" /><span style="color: #555555; line-height: 18px; text-align: justify;">The Group has interests in investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC (Non Banking Finance Company) activities, private equity and asset reconstruction. While each of these businesses is independent in itself, they share the Group’s belief of trust being the most important factor for the organisation. The values of integrity, teamwork, innovation, performance and partnership shape the corporate vision and drive it to its purpose. </span></span><br />
<span style="background-color: white; color: #555555; line-height: 18px; text-align: justify;"><span style="font-family: inherit;"><br /></span></span>
<span style="background-color: white; font-family: inherit;"><span style="color: #333333; line-height: 20px;">Former Citigroup Chief Executive Vikram Pandit is buying a stake in financial services company JM Financial Ltd, JM Financial said in a statement on Thursday.</span><br style="color: #333333; line-height: 20px;" /><br style="color: #333333; line-height: 20px;" /><span style="color: #333333; line-height: 20px;">Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking license, the company said.</span><br style="color: #333333; line-height: 20px;" /><br style="color: #333333; line-height: 20px;" /><span style="color: #333333; line-height: 20px;">India is in the process of issuing new bank licences for the first time since 2004, and numerous companies are expected to apply. Pandit will have the right to buy shares in the proposed bank.</span><br style="color: #333333; line-height: 20px;" /><br style="color: #333333; line-height: 20px;" /><span style="color: #333333; line-height: 20px;">JM Financial said it would expand its lending and financing businesses by issuing $100 million in capital to funds raised and managed by a firm led by Pandit.</span><br style="color: #333333; line-height: 20px;" /><br style="color: #333333; line-height: 20px;" /><span style="color: #333333; line-height: 20px;">JM Financial, one of India's largest domestic financial firms, also said it would set up a fund jointly with Pandit's firm to buy distressed assets. The fund is targeting an initial capitalisation of $100 million.</span><br style="color: #333333; line-height: 20px;" /><br style="color: #333333; line-height: 20px;" /><span style="color: #333333; line-height: 20px;">Pandit said he had known JM Financial for more than two decades. "Given the opportunity, JM Financial can provide the banking and financial services that the country needs," he said in JM Financial's statement.</span><br style="color: #333333; line-height: 20px;" /><br style="color: #333333; line-height: 20px;" /><span style="color: #333333; line-height: 20px;">Pandit and his business partner, Hari Aiyer, will buy a 3 percent equity stake in the financial services company through an issue of warrants, the Indian company said. JM Financial has a market capitalisation of Rs.2000 crore</span></span><br />
<span style="font-family: inherit;"><span style="background-color: #ffe599; color: #333333; line-height: 20px;">Currently JM Financial is trading at Rs.23 with PE ratio of approx 35.In regards to Vikram Pandit stake buy I assign a long term bullish view on the company with a target of 50 plus</span></span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-1484458594323317732013-05-15T20:44:00.000-07:002013-05-15T20:46:32.237-07:00ADD HEXAWARE IN MODEL PORTFOLIO<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr4wiMA5Yr_XBcYB4jwgo8RMnMtDg9fzbju0MKmvUDQlfOwszy2DPyULy4qHjRgvOUsB1hQA91VbWPka7GFN3I8qlu6jlFlMaUE5BrK1aYSobeCTL01iv_cbJG9Vr15BXVMbCK_BRn4m9P/s1600/Hexaware-Technologies.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr4wiMA5Yr_XBcYB4jwgo8RMnMtDg9fzbju0MKmvUDQlfOwszy2DPyULy4qHjRgvOUsB1hQA91VbWPka7GFN3I8qlu6jlFlMaUE5BrK1aYSobeCTL01iv_cbJG9Vr15BXVMbCK_BRn4m9P/s1600/Hexaware-Technologies.jpg" /></a></div>
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<b><u><span style="background-color: white; font-family: inherit;">Add Hexaware in Core Portfolio</span></u></b><br />
<b><span style="background-color: white; font-family: inherit;">Hexaware is Indian mid sized IT company with a approx market cap of Rs.2500 crores.They have expertise in Enterprise solution,Infrastructure Management Services and exposure to Banking and Financial Service,Asset Management and Capital Market,Insurance Service,Healthcare and Life Science etc</span></b><br />
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<b><span style="background-color: yellow;">The promoters currently holds 32% stakes and FII holds nearly 42% stakes</span><span style="background-color: white;"> in the company as per January-March quarter.</span><span style="background-color: white;">More over Hexaware is </span><span style="background-color: yellow;">Zero debt company.</span></b></span><br />
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<b><span style="background-color: white; font-family: inherit;">Hexawares consolidated income rose by 16 per cent to Rs 507.68 crore in the January-March quarter of 2013, from Rs 438.29 crore in the same quarter of 2012.The global headcount was 8,670 by the end of March 2013.</span></b></div>
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<b><span style="background-color: white; font-family: inherit;">For the entire 2012 — the firm follows January-December fiscal — Hexaware had a net profit of Rs 327.64 crore, and revenue of Rs 1,948.17 crore.</span></b></div>
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<b><span style="background-color: white; font-family: inherit;">Hexaware Technologies, a leading player in IT, BPO and consulting services announced that it has secured a large contract worth potentially $177 million over a five-year term.</span></b></div>
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<b><span style="background-color: white; font-family: inherit;">Hexaware has been associated with this leading U.S.-headquartered multinational company for several years. Through this contract, the company has a potential $100 million worth incremental business while extending existing business worth another $77 million over the course of the five year agreement. While it is an existing customer for Hexaware, this client also is a leading business process outsourcing client for Caliber Point Business Solutions, a 100 per cent wholly owned subsidiary of Hexaware.</span></b></div>
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<span style="color: #3b3a39;"><span style="font-family: inherit; line-height: 18px;"><b style="background-color: yellow;">At current rate of Rs.80 the stock is trading at PE ratio of 8 with a fair valuation.So I initiate a buy call on Hexaware with a target of 120-130 range in next one year</b></span></span></div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-83206960125856330632013-05-01T23:44:00.001-07:002013-05-02T00:08:03.028-07:00Booking Profit in Cairn and Tata Global <div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoGSAq0dECPHoFeyGJ4sRgaEu1iFsoFB5of_MqZ5vTYCrSL8pdw_rqYu5L5hZtI5JsC38qIIDVCId4JnorCGuGd4wCgaL_aYkAvuYWCl9FGCFdghW4PBK72I5CC_iuzHwmIfQZB4OlKKah/s1600/TGBL.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="141" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoGSAq0dECPHoFeyGJ4sRgaEu1iFsoFB5of_MqZ5vTYCrSL8pdw_rqYu5L5hZtI5JsC38qIIDVCId4JnorCGuGd4wCgaL_aYkAvuYWCl9FGCFdghW4PBK72I5CC_iuzHwmIfQZB4OlKKah/s400/TGBL.png" width="400" /></a></div>
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My recent buying in Trading portfolio is doing good now.Bought 35 Cairn @ 290 in 5/3/2013 and 80 shares of TGBL @ 130.Now selling both scrips at 310 and 150 respectively.So just booking Rs.700 in Cairn and Rs.1600 in TGBL as market is around 6000<br />
Now I have 10850+12000 and old cash reserve of 61484.So latest cash reserve is Rs.84334<br />
For old details of trading portfolio check here <a href="http://keralatraders.blogspot.in/2013/03/holdings-in-trading-portfolio.html">http://keralatraders.blogspot.in/2013/03/holdings-in-trading-portfolio.html</a><br />
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<tr class="tableizer-firstrow"><th>SCRIP</th><th>BUY RATE</th><th>BUY QTY</th><th>SECTOR</th><th>WEIGHTAGE</th><th>CMP</th><th>CURRENT VALUE</th></tr>
<tr><td>STRIDES ARCOLAB</td><td>800</td><td>6</td><td>PHARMA</td><td>5%</td><td>865</td><td>5190</td></tr>
<tr><td>BAJAJ FINSERV</td><td>890</td><td>6</td><td>NBFC</td><td>5%</td><td>770</td><td>4620</td></tr>
<tr><td>JAI CORP</td><td>85</td><td>117</td><td>REALTY</td><td>10%</td><td>65</td><td>7605</td></tr>
<tr><td>DCB</td><td>50</td><td>200</td><td>BANKING</td><td>10%</td><td>47</td><td>9400</td></tr>
<tr><td>RELCAPITAL</td><td>400</td><td>25</td><td>NBFC</td><td>10%</td><td>365</td><td>9125</td></tr>
<tr><td> </td><td> </td><td> </td><td> </td><td> </td><td>TOTAL VALUE</td><td>35940</td></tr>
<tr><td> </td><td> </td><td> </td><td> </td><td> </td><td>RESERVE</td><td>84334</td></tr>
<tr><td> </td><td> </td><td> </td><td> </td><td> </td><td>TOTAL </td><td>120274</td></tr>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-61396352569277757542013-04-26T00:31:00.001-07:002013-04-26T00:31:31.295-07:00Latest Portfolio of Ace Investor Rakesh Jhunjunwala<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoPr6G1-xdSKpB-yv16Zmi4p_0hgr5ad24c05uw94j5gV04lJVaGNWFl4IRmO8dozlfXaa5s_e2X8GMiXysQmqx34kHTouZll6uSvysCtvnjMWopxARj21XjbTj-el9_hIClZ2BzFmldI7/s1600/RJ+2013.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="418" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoPr6G1-xdSKpB-yv16Zmi4p_0hgr5ad24c05uw94j5gV04lJVaGNWFl4IRmO8dozlfXaa5s_e2X8GMiXysQmqx34kHTouZll6uSvysCtvnjMWopxARj21XjbTj-el9_hIClZ2BzFmldI7/s640/RJ+2013.png" width="640" /></a></div>
The top three picks remained as Titan Industries with approx value of Rs.1573 crores,Lupin with Rs.640 crores and Crisil with Rs.490 crores as per today's market price. Tata groups fertiliser and chemical company Rallis India is worth Rs.242 crores in his portfolio<br />
There are some more investments in small caps like adinath exim,alphageo,provogue etc by RJ.It will be updated soon after their Q4 result announcing</div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-36323279351897353632013-04-16T02:51:00.003-07:002013-04-16T02:52:37.068-07:00Why Nifty Rallied Over 100 Points Today?<div dir="ltr" style="text-align: left;" trbidi="on">
Today we had a smart move in Indian market despite fall in other Asian markets and European market.Nifty was trading in range between 5555 and 5683 in today's session.<br />
The main reason for rally in market is due to the the fall in Gold Prices and Crude oil.As we all know that India is importing crude oil and gold and it constitutes major part of imports.This is causing huge increase in current account deficit for our economy.As gold price cooled to a great extend we need to pay less amount for importing gold.Now one ounce of Gold is trading at 1361 in International market.<br />
Also Brent crude oil is trading below $100.This also gives some relief into India's Current account deficit.<br />
So it is always better to have current account deficit well under control.Now India's current account deficit is around 5.3% of GDP which is at all time high.<br />
Also in upcoming monetary policy on May 3 Rbi may reduce key rates such as crr and repo rate as WPI inflation cooled to 5.96 lowest in 40 months</div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com1tag:blogger.com,1999:blog-5500616882295513215.post-56422854628134527902013-04-15T01:55:00.001-07:002013-04-15T01:55:31.114-07:00STAY AWAY FROM GOLD LOAN NBFC AND JEWELLERS<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEhvo4utN3AZpIAdmQNvdgNJHKrZtqiLdW9I_RHPOdrhB_6CDktdjgHi_rJ6HAIfGgqeCwNXK39YaYhiUmRod3RkxkoOWnWoWiYjZ-xWd68u5ySNMbVo56eVT32-whUnyKFQKy4pnECDb6/s1600/top+sells.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="289" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEhvo4utN3AZpIAdmQNvdgNJHKrZtqiLdW9I_RHPOdrhB_6CDktdjgHi_rJ6HAIfGgqeCwNXK39YaYhiUmRod3RkxkoOWnWoWiYjZ-xWd68u5ySNMbVo56eVT32-whUnyKFQKy4pnECDb6/s320/top+sells.png" width="320" /></a></div>
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The price of gold fell to its lowest level in more than 18 months amid fears that sales of the precious metal forced on Cyprus by its desperate financial plight would lead to wholesale dumping by hard-pressed countries in the coming months.</div>
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At the end of a week dominated by the plight of the troubled island nation, gold slid below US$1,500 an ounce for the first time since July 2011 in anticipation that Cyprus would raise £400 million (HK$4.8 billion) by offloading some of its reserves.</div>
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Share prices also fell on the major European bourses after the gathering of EU finance ministers in Dublin made it clear that there would be no increase to the £10 billion earmarked for Cyprus, even though the expected cost of the bailout has been raised by £6 billion to £23 billion.</div>
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While the gold sale by Cyprus is itself small, heavily indebted euro-zone nations such as Italy and Portugal could also find themselves under increasing pressure to put their bullion reserves to work.</div>
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"If Cyprus can break the gold market, then [there are] many reasons to be worried, with Slovenia, Hungary, Portugal, Spain and Italy in line," Milko Markov, an investment analyst at SK Hart Management, said. "It is a make-or-break moment for gold ... if the market can't handle the reallocation and Cyprus, then there is really a need for a bear market."</div>
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<b>Here are my top sells for the week based on gold price crash in world market.If gold is going down from current levels,I request my clients and followers to reduce exposure to this companies or stay away for some months.The current mkt price is given in the bracket</b><br />
<span style="background-color: yellow;"><b>1)Titan Ltd(249)</b></span><br />
<span style="background-color: yellow;"><b>2)TBZ(215)</b></span><br />
<span style="background-color: yellow;"><b>3)PC Jewellers(107)</b></span><br />
<span style="background-color: yellow;"><b>4)Manappuram(20)</b></span><br />
<span style="background-color: yellow;"><b>5)Muthoot Finance(150)</b></span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-16382118404315468522013-04-15T01:05:00.001-07:002013-04-15T01:08:06.647-07:00Investors rush to sell Kerala banks’ stocks<div dir="ltr" style="text-align: left;" trbidi="on">
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K<span style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">erala-based lenders have seen a sharp erosion in the value of their shares in the past fortnight after Saudi Arabia initiated a clampdown on illegal immigrant workers and brought in regulations that stipulated reservation of 10% of jobs for citizens. The new rule, known as Nitaqat, is likely to impact over 300,000 low- and semi-skilled Indian workers, most of whom are from Kerala.</span></div>
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The deadline to implement the law, originally set for late March, was extended by three months but panic has gripped Indian workers in that country. The Kerala government had moved the centre to address the matter.</div>
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Any job losses can have ramifications on the flow of non-resident Indian (NRI) deposits and remittance funds to the southern state, routed primarily through Kerala-based lenders such as <span class="company" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/State%20Bank%20of%20Travancore" style="color: #aa6015; text-decoration: none;">State Bank of Travancore</a></span> (SBT), <span class="company" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/Federal%20Bank%20Ltd" style="color: #aa6015; text-decoration: none;">Federal Bank Ltd</a></span>, <span class="company" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/South%20Indian%20Bank%20Ltd" style="color: #aa6015; text-decoration: none;">South Indian Bank Ltd</a></span> (SIB) and <span class="company" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/Dhanlaxmi%20Bank%20Ltd" style="color: #aa6015; text-decoration: none;">Dhanlaxmi Bank Ltd</a></span>.</div>
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Stocks of these lenders have been declining since late March when the new labour norms became known.</div>
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Most of these banks generate about 10% of their fee income from the remittance business.</div>
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SBT managed <span style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-family: 'Utopia Std_Rupee'; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="WebRupee" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-family: WebRupee; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Rs.</span></span>31,000 crore of remittances from the Middle East in the fiscal year ended 31 March. “We are yet to ascertain the impact of the new regulations. According to official estimates only 500-600 people have returned from Gulf but the actual number is not known,” said <span class="person" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/Bhanu%20Murthy" style="color: #aa6015; text-decoration: none;">Bhanu Murthy</a></span>, deputy general manager, NRI services, at SBT.</div>
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Analysts and bankers ruled out any major impact on remittance and NRI deposit mobilization by these banks, saying the clampdown will primarily impact the unskilled, illegal immigrants but not regular employees. They attributed the fall in bank shares to a panic reaction by investors.</div>
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“There may not be too much of an impact on the remittance-related fee income and NRI deposits as banks typically fulfil the know-your-customer procedures while accepting such depositors,” said Abhishek Kothari, research analyst at Mumbai-based brokerage Violet Arch Securities. According to him, banks don’t accept deposits from the kind of illegal immigrants who may now be forced to come back.</div>
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<span class="person" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/Abhraham%20Chacko" style="color: #aa6015; text-decoration: none;">Abhraham Chacko</a></span>, executive director, Federal Bank, said the fall in stock prices was just a “knee jerk” reaction to the change in the Saudi law.</div>
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“It is true that Kerala would be impacted most because they have the largest share of migrant workers but it is also a fact that these workers do not have accounts in Federal Bank alone. Also, the 10% job quota that Saudi is enforcing will impact labour from other countries like Pakistan and Bangladesh, besides India,” Chacko said.</div>
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Chacko said about 7% of total remittances to India from the world are through Federal Bank. India was the top receiver of global remittances in 2012, getting $70 billion, ahead of China, which got $66 billion, according to the World Bank.</div>
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“About 25% of our deposits come from NRIs but more than 80% of them don’t stay with us —people spend the money. I think even if there are job losses in Saudi, it won’t be big numbers,” Chacko said.</div>
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Federal Bank had total deposits of <span style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-family: 'Utopia Std_Rupee'; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="WebRupee" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-family: WebRupee; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Rs.</span></span>51,607 crore as of December 2012.</div>
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Dhanlaxmi Bank too ruled out any significant impact. “Major part of the remittances are maintenance remittances (money sent for household expenditure). Such remittances contribute a relatively small portion of our deposits,” said <span class="person" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-size: 13px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.livemint.com/Search/Link/Keyword/P.G.%20Jayakumar" style="color: #aa6015; text-decoration: none;">P.G. Jayakumar</a></span>, managing director and chief executive officer of Dhanlaxmi Bank.</div>
<span style="font-family: Arial, Helvetica, sans serif;"><span style="background-color: yellow; font-size: 14px; line-height: 22px;">In this point I would like to add South Indian Bank at 20-22 levels for target of 30 in next one year.I strongly believe SIB will bounce back from this levels of 23</span></span></div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com15tag:blogger.com,1999:blog-5500616882295513215.post-73062342778367737302013-04-11T21:32:00.002-07:002013-04-11T21:32:53.454-07:00Infosys Q4 Dissapointed<div dir="ltr" style="text-align: left;" trbidi="on">
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Infosys Ltd’s fourth-quarter revenue growth fell short of expectations and its guidance for the current fiscal year came in below the industry average as India’s second-largest software services firm said the economic climate was a cause for concern.</div>
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The Infosys stock plunged 18.5% to <span style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-family: 'Utopia Std_Rupee'; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="WebRupee" style="background-color: transparent; background-position: initial initial; background-repeat: initial initial; border: 0px; font-family: WebRupee; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Rs.</span></span>2,379 at 9:32 am on Friday, while the benchmark Sensex was down 1.4% to 18,292.67.</div>
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The company forecast revenue growth in 2013-14 at 6-10%, less than the 12-14% that the Nasscom industry lobby has forecast for the year, as part of its earnings announcement for the year ended March on Friday. This is the second consecutive year that the company has forecast revenue growth lower than average industry expectations.</div>
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Infosys reported fourth-quarter sequential revenue growth in dollar terms at 1.4% compared with expectations of at least 3% growth</div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-28318717865726106762013-04-03T22:38:00.001-07:002013-04-15T01:20:37.587-07:00WAIT AND WATCH FOR MANAPPURAM<div dir="ltr" style="text-align: left;" trbidi="on">
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Gold is falling day by day.Already Fallen Rs.440 yesterday and today again tanked Rs.200.Currently gold is trading at Rs.21600 for 8 gram<br />
<span style="background-color: yellow;">So Traders keep away form gold related NBFC like Manappuram and Muthoot Finance for some days as fall in gold price will adversely effect Manappuram profit margins and biz</span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com3tag:blogger.com,1999:blog-5500616882295513215.post-11243031570408141592013-03-24T23:13:00.001-07:002013-04-16T03:05:34.116-07:00Sell Call on HDIL Saved My Clients<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiviGlhKONPZa0uHL0ayr8wXUp0uRDp0G0OQZcoHKm5IyWFvXASgEbmhMkx78SDuv92kSNKFW1mbVHyW4DGKP8Xk6S20iu5_HliIJcBvbmHUBcdI8-wn0IsEOdABtcQBiD0zZMggJsjU5jG/s1600/HDIL.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="151" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiviGlhKONPZa0uHL0ayr8wXUp0uRDp0G0OQZcoHKm5IyWFvXASgEbmhMkx78SDuv92kSNKFW1mbVHyW4DGKP8Xk6S20iu5_HliIJcBvbmHUBcdI8-wn0IsEOdABtcQBiD0zZMggJsjU5jG/s320/HDIL.jpg" width="320" /></a></div>
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Hope all my clients kept miles away form HDIL......In my earlier research report advised not to buy HDIL at 80 levels as there is more downside seen in HDIL.They have huge debt of Rs.4080 crore in co balance sheet.http://keralatraders.blogspot.in/2013/01/dont-buy-hdil-now.html<br />
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See now what happened to HDIL.<br />
<span style="background-color: yellow;">Its trading @<span style="font-size: x-large;"> <b>45.</b></span></span><br />
<span style="font-size: x-large;"><b><span style="background-color: yellow;">Whooping 50% discount for India's second largest Realty player,Can u believe it???????</span></b></span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-91766886803404994292013-03-21T21:11:00.002-07:002013-03-21T21:16:24.110-07:00Manappuram Finance: Why the stock is down 31% in 2 days<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Manappuram Finance opened higher on Thursday, rising as much as 8 per cent, before slipping in to the red. The stock has fallen 31 per cent over the last two sessions. Manappuram Finance shares were down 1 per cent to </span><span class="rupee" style="background-color: white; font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="background-color: white; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 23.70 as of 10 a.m. on the National Stock Exchange. Muthoot Finance, another gold finance firm, traded 2.5 per cent</span><span style="background-color: white; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> higher at </span><span style="background-color: white; font-size: 15px; line-height: 20px;"><span style="font-family: RupeeForadianRegular;">Rs.</span></span><span style="background-color: white; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px; text-indent: -9999em;">179.40 after falling over 10 per cent in the last two sessions.</span><br />
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<span style="background-color: white;"><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Gold prices are falling: According to Reserve Bank of India regulation, gold loan companies can lend up to 60 per cent of the value of jewellery.</span><a href="http://profit.ndtv.com/stock/manappuram-finance-ltd_manappuram" style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Manappuram</a><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> offers loans at 75 per cent of the scrap value of jewellery. At 24 per cent per annum interest, the principal and accrued interest will become 93 per cent of the value of jewellery in one year's time. This scenario leads to an incentive for borrowers to default. So, companies are forced to reverse interest income to prevent defaults.</span></span><br />
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<span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Profit hit: </span><a href="http://profit.ndtv.com/stock/manappuram-finance-ltd_manappuram" style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Manappuram Finance </a><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">revised its January - March guidance from a profit of </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 90 crore to a loss of </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 50 crore due to interest reversals of </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 250 crore. According to Espirito Santo Securities, Manappuram management explained that this has occurred on </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 1,500 crore of loans which were disbursed between September 2011 and January 2012 and expected accrued interest of </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 500 crore up to March 2013. The management said that there may be further losses if the gold price declines from current levels.</span></span><br />
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<span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Risk management practices: There is a perception that the gold loan business is secure as the underlying asset is highly liquid and the borrower has emotional attachment to the asset. However, the recent episode highlights that slippages are very high (15 per cent of September-December 2011 disbursements turning bad) and even in a stable gold price scenario the company may incur losses, Espirito Santo says.</span></span><br />
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<span style="background-color: white;"><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Bank of America-Merrill Lynch downgraded </span><a href="http://profit.ndtv.com/stock/manappuram-finance-ltd_manappuram" style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Manappuram Finance</a><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> to "underperform" from "buy", and reduced its target price to </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 20 from </span><span class="rupee" style="font-family: RupeeForadianRegular; font-size: 15px; line-height: 20px;">R<span style="left: -9999em; position: absolute; text-indent: -9999em;">s.</span></span><span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> 48, citing higher-than-expected under recoveries.</span></span><br />
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<span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;">Corporate governance issues: Espirito Santo says Manappuram management had selectively disclosed the revision in the quantum of interest reversals before making it public. This is the second instance of miscommunication with investors. Management committed similar mistakes during Q3 FY13 results. We downgrade our corporate governance rating to Red from Amber, the brokerage added.</span></span><br />
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<span style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: 15px; line-height: 20px;"> This report is taken form NDTV Profit website</span></span><br />
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-18204583880215933812013-03-19T03:03:00.002-07:002013-03-19T03:03:47.531-07:00RBI cuts repo rate by 25 bps, says room for further easing limited<div dir="ltr" style="text-align: left;" trbidi="on">
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The Reserve Bank of India (RBI) on Tuesday cut its key lending rate by 25 basis points (bps) in an attempt to prop up growth in the slowing economy, drawing comfort from inflation based on the wholesale price index staying under 7%, but warned that room for further monetary easing was limited.</div>
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The apex bank kept the cash reserve ratio (CRR) unchanged in its mid-quarter monetary policy.</div>
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The rupee weakened and the BSE’s benchmark Sensex fell on RBI’s warning.</div>
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Noting that risks on account of the current account deficit (CAD) remain significant, despite a likely improvement in the fourth quarter, RBI said, “Accordingly, even as the policy stance emphasises addressing the growth risks, the headroom for further monetary easing remains quite limited.”</div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-38108099770106974082013-03-19T00:13:00.000-07:002013-03-19T00:13:28.093-07:00DMK withdraws support from UPA coalition<div dir="ltr" style="text-align: left;" trbidi="on">
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The Dravida Munnetra Kazhagam (DMK), a key regional ally, pulled out of India’s ruling coalition on Tuesday in protest against the government’s position on a US-backed United Nations resolution on war crimes carried out during Sri Lanka’s civil war.</div>
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The DMK is based in the southern state of Tamil Nadu, and has often pressured the Indian government to do more to protect Sri Lanka’s minority Tamil population.</div>
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The DMK has 18 seats in the lower of house of Parliament as part of Prime Minister Manmohan Singh’s coalition, which already rules in a minority. Singh’s Congress party can continue to govern with parliamentary support from two other regional parties.</div>
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-3084676257543520132013-03-13T21:22:00.000-07:002013-03-13T21:22:48.384-07:00SERVICES OFFERED BY KERALA TRADERS<div dir="ltr" style="text-align: left;" trbidi="on">
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jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-26596216644800445862013-03-11T22:46:00.002-07:002013-03-11T22:46:33.630-07:00Big bull Jhunjhunwala losing his magic touch<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZw57Q_UKOY7RjOoZmM4250XRdsnhnnipvPQtsb2EknWapMDw5Gi_KbUVl-Ur-q2WZ1u_bPmnSXCtOKED9zXnd5B9uTZJVmGmR0Kb3DXP21eogWL6DLXu1GrhLI6FJaNL43_uobJU8jN0i/s1600/jhunjhunwala.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZw57Q_UKOY7RjOoZmM4250XRdsnhnnipvPQtsb2EknWapMDw5Gi_KbUVl-Ur-q2WZ1u_bPmnSXCtOKED9zXnd5B9uTZJVmGmR0Kb3DXP21eogWL6DLXu1GrhLI6FJaNL43_uobJU8jN0i/s320/jhunjhunwala.jpg" width="320" /></a></div>
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<span style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;">Is Rakesh Jhunjhunwala, India’s most followed stock investor, losing his magic touch? It seems so going by the performance of some of his most recent investments. Jhunjhunwala’s recent market bets from Pipavav Defense and Offshore Engineering (earlier Pipavav Shipyard) to DB Realty, Sterling Holidays and Resorts to A2Z Maintenance (bought from the secondary market immediately after IPO) are either quoting lower or at similar levels since he invested in them about two years ago, an analysis by Financial Chronicle revealed.Jhunjhunwala, popular in market circles as ‘Warren Buffet of India’ for his long-term investment approach, may still have the last laugh after a few years if the stocks zoom as in the case of his other famous investments such as Titan, Crisil, Geojit and others, said stockbrokers.However, for now, RJ’s reputation built over the years is under a serious threat.DB Realty, where he bought 12.50 lakh shares at an average price of Rs 90.21 apiece in October last year, is now trading at Rs 79.75, causing Jhunjhunwala Rs 1.3 crore loss as of Monday. </span><br style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;" /><br style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;" /><span style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;">Similarly, the big bull is nursing his wounds in Pipavav Defense and Offshore Engineering, owned by SKIL Infrastructure, in which he invested in September 2011. The Rs 81.90 crore investment in Pipavav Defense and Offshore Engineering was made in convertible shares issued at that time for Rs 78 apiece. The conversion, due in 18 months, falls in the coming weeks.</span><br style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;" /><br style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;" /><span style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;">Shares of Pipavav Defense and Offshore closed at Rs 67.10 apiece on Monday, a loss of nearly Rs 11 a share for the billionaire, who was ranked #46 richest Indian by Forbes.Similarly, Jhunjhunwala’s move to garner investor faith by buying over 16 lakh shares in A2Z Maintenance, a company he backed, on the day of the company’s listing on the stock exchanges has backfired. Though the exact price he paid to buy these shares is not known, the stock closed at Rs 333 apiece on the listing day compared with the IPO price of Rs 400.The share hit a new low of Rs 26.40 on Monday, wiping off at least Rs 50 crore from his secondary market investment. </span><br style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;" /><br style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;" /><span style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;">An email sent to Jhunjhunwala and Utpal Sheth, CEO of Rare Enterprises, the investment firm founded by the former, elicited no response.Vijay Kedia, director of Kedia Securities, who himself models his investments on Jhunjhunwala, says the ups and downs are part and parcel of the market. “We need to understand that the market is supreme,” he said, but added that “Jhunjhunwala is Jhunjhunwala. He is not running a 100-metre or 400-metre race. He is in a marathon. He’ll stay invested for five years or 10 years.”Kedia felt the recent crash in mid-cap stocks dented investor confidence and this may have impacted Jhunjhunwala-owned stocks as well. Perhaps, only the saving grace is that Jhunjhunwala’s investment in Sterling Holidays and Resorts, where he invested at Rs 75 a share in September 2011, has gone up by a paltry Rs 5, or over 6 per cent, over the past 18 months. The stock is trading at Rs 80 a share. The letdown for investors in A2Z Maintenance, which went public in December 2010 showing Jhunjhunwala’s backing as he continued to hold nearly 20 per cent, has forced the postponement of IPOs of several other firms that he backed.During the road shows for A2Z Maintenance, the 52-year-old investor promised that at least six companies that he backed would be listed in the coming years. Some of the unlisted firms that he has invested in include Topsgroup, John Energy, Hungama Digital and Concord Biotech.</span><br />
<span style="background-color: white; color: #464646; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 19px;"> This article is taken from My digitalfc.com.I express my sincere thanks to this reporter Rajesh Abraham</span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0tag:blogger.com,1999:blog-5500616882295513215.post-67957656940684857252013-03-10T23:58:00.002-07:002013-03-10T23:58:47.770-07:00BERGER MAY BUY SHALIMAR PAINTS<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbCWePLXuOtF2JqpPhnTvjinVvEh_vNUUQlU6kQ5NJxFzGIwPGIGHpZsPrqTVQsSMkOaK7fjkSvHBsqYJUgyPDkQboLwLRXSuM4DvITOts-vnIrXvYqGtj8l27Iuznq9uaYFEdRylIZ_jj/s1600/shalimar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="264" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbCWePLXuOtF2JqpPhnTvjinVvEh_vNUUQlU6kQ5NJxFzGIwPGIGHpZsPrqTVQsSMkOaK7fjkSvHBsqYJUgyPDkQboLwLRXSuM4DvITOts-vnIrXvYqGtj8l27Iuznq9uaYFEdRylIZ_jj/s320/shalimar.jpg" width="320" /></a></div>
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BERGER PAINT IS LIKELY TO ACQUIRE SHALIMAR PAINTS......LIKELY TO BE 180/- PER SHARE.......OFFICIAL ANNOUNCEMENT LIKELY AT 3.30pm TODAY</div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com2tag:blogger.com,1999:blog-5500616882295513215.post-46399929623429708172013-03-08T03:29:00.001-08:002013-03-08T03:29:21.636-08:00REASON FOR SPURT IN JET AIRWAYS <div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWxnQGb2cMApmFYEFJGjIV5jWXsRpYPh9lAwVJSKl5m20guYQwWuw09pXoSJDNCBeH4QzmCb_oBVA9nfQmTvO4HG3-ekyPikUhTREgB1HqIr_hWPZBFbBvLJX7RitpwnSV4amPWKm6x_JB/s1600/jetairways630.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWxnQGb2cMApmFYEFJGjIV5jWXsRpYPh9lAwVJSKl5m20guYQwWuw09pXoSJDNCBeH4QzmCb_oBVA9nfQmTvO4HG3-ekyPikUhTREgB1HqIr_hWPZBFbBvLJX7RitpwnSV4amPWKm6x_JB/s320/jetairways630.jpg" width="320" /></a></div>
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<span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;"> Shares in </span><a href="http://economictimes.indiatimes.com/jet-airways-india-ltd/stocks/companyid-4374.cms" pg="asTopicL1" style="background-color: white; color: #024e97; font-family: arial; font-size: 13px; line-height: 18px; margin-right: 5px; text-decoration: initial;">Jet Airways</a><a class="hover_4374 pos" href="http://economictimes.indiatimes.com/jet-airways-india-ltd/stocks/companyid-4374.cms" style="background-color: #eafaea; border-bottom-left-radius: 2px; border-bottom-right-radius: 2px; border-top-left-radius: 2px; border-top-right-radius: 2px; border: 1px solid rgb(12, 143, 43); color: #024e97; display: inline-block; font-family: arial; font-size: 11px; height: 16px; line-height: 18px; margin-left: 3px; opacity: 1; padding: 0px 3px; text-decoration: initial !important;" target="_blank">BSE 9.93 %</a><span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;">extended gains to more than 13 per cent on Friday, after a news channel reported that Abu Dhabi's </span><a href="http://economictimes.indiatimes.com/topic/Etihad-Airways" pg="asTopicL1" style="background-color: white; color: #024e97; font-family: arial; font-size: 13px; line-height: 18px; text-decoration: initial;">Etihad Airways</a><span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;"> may buy a 10-12 per cent stake in the company directly from promoters. </span><br style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;" /><br style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;" /><a href="http://economictimes.indiatimes.com/topic/Etihad" pg="asTopicL1" style="background-color: white; color: #024e97; font-family: arial; font-size: 13px; line-height: 18px; text-decoration: initial;">Etihad</a><span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;"> may pay as much as Rs 750 ($13.75) a share for the stake, the report said. </span><br style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;" /><br style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;" /><span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;">Etihad has been in talks with Jet to buy a 24 per cent stake, government sources said. </span><br style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;" /><br style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;" /><span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;">The channel said Etihad may buy the remaining stake by issuing preferential shares. </span><br />
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<span style="background-color: white; color: #404040; font-family: arial; font-size: 13px; line-height: 18px;">I already posted today morning about possible oppen offer by Ehihad for Jet Airways</span><br />
<span style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: medium;"><b><br /></b></span><span style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;"></span><b style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">IF ETIHAD BUYS MORE THAN 24% IN JET THEN </b><b style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">AN OPEN OFFER WILL TRIGGER.....</b><br style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;" /><b style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">RETAIL SHAREHOLDERS WILL BE BENEFITED.I EXPECT </b><b style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">STAKE SALE MAY BE AROUND 700/- PER SHARE AS PER LATEST FINANCIALS OF JET AIRWAYS</b><br style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;" /><b style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;"><br /></b><span style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; line-height: 18px;"></span><span style="background-color: #f8fdfc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; line-height: 18px;"><b><span style="font-size: x-small;"> SO I RECOMMEND BUYING JET AIRWAYS AT Rs.510 LEVELS FOR TARGET OF Rs.700</span></b></span></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com3tag:blogger.com,1999:blog-5500616882295513215.post-55981890110196582872013-03-08T01:24:00.002-08:002013-03-08T02:48:14.170-08:00OPEN OFFER IN JET AIRWAYS????????<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwFrvn7Vh5GiB7s5BMgbcRF-bRYSXm3UYQ3BiD9QG7utGQmVXa0nVBD45_ZpK3OqBCHnLr_mtH8_yU2AB3LQC5pUIBndzx93JiAescC3KHOFm2BKYrtB4aSrS3rfzm2tG8gGxiA4v4z0po/s1600/jet.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwFrvn7Vh5GiB7s5BMgbcRF-bRYSXm3UYQ3BiD9QG7utGQmVXa0nVBD45_ZpK3OqBCHnLr_mtH8_yU2AB3LQC5pUIBndzx93JiAescC3KHOFm2BKYrtB4aSrS3rfzm2tG8gGxiA4v4z0po/s1600/jet.jpeg" /></a></div>
<span style="font-size: large;"><b><br /></b></span>
<span style="font-size: large;"><b>This is my personnel view on Jet Airways</b></span><br />
<span style="font-size: large;"><b><br /></b></span>
<b>IF ETIHAD BUYS MORE THAN 24% IN JET THEN</b><br />
<b>AN OPEN OFFER WILL TRIGGER.....</b><br />
<b>RETAIL SHAREHOLDERS WILL BE BENEFITED........</b><br />
<b>STAKE SALE MAY BE AROUND 700/- PER SHARE</b><br />
<b><br /></b>
<b>SO I RECOMMEND BUYING JET AIRWAYS AT Rs.510 LEVELS FOR TARGET OF Rs.700</b></div>
jofinhttp://www.blogger.com/profile/00154180562521692620noreply@blogger.com0