A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
This Blog Piece is to address the responses of Madhu and P P Jain…welcome Jain…this is the first time you’ve taken the trouble to respond The New Mining Royalty Policy……It was awaiting Ministerial Approval………10% Mining Royalty on Market Prices before Freight…a move away from a Flat Rate based on Weight Today,the Ministry finally went by the …
50 Million Tonnes sales in three Years Time…that’s Sesa Goa’s ambition…It’s doing just under 20 Million right now…More on this later When Sesa Goa notched a record Profit of Rs 633 crs in Q1 of FY 09,I was excited and expected the Company to cross Rs 3000 crs PAT in FY 09….However as the Global …
Stay with Sesa Goa…even Accumulate it on Declines….Very Ambitious Plans ahead Read More »
Just perused the Model Equity Portfolio for India that Reliance Equities International has launched.It’s been authored by their Head of Research Excited to know what’s in it ! ?…more so after I tell you that the Report is titled ‘Boom and Bust’ with the tagline ‘Resistance is Futile’ !? Turned out to be a Dampener really…no Originality at …
Shocking IIP Nos for August 2008 were released today.On a yoy basis the overall industrial growth is a mere 1.3 % against 10.9 % SHOCKING IIP GROWTH FIGURES IN % FOR AUGUST YOY Sector Growth % in August 2008 Growth % in August 2007 Overall Industrial Growth 1.3 10.9 Manufacturing 1.1 10.7 Mining 4 14.7 Capital …
IS INDUSTRIAL RECESSION SETTING IN EVEN IN INDIA ? Read More »
Sesa Goa is quoting ex bonus and ex sub division today at Rs 175 indicating a price of Rs 3500…up 6% from yesterday’s closing of @ Rs 3300…It’s in No Delivery Period as Record Date is August 18,2008 for the bonus and Sub Division….Volume is strong at over 38 lakh shares on the BSE just …
Sesa Goa goes XB/XS today and is quoting up 6% at Rs 175 Read More »
Is the Pot Calling the Kettle Black !? Giridharilal Jagatramka of Gujarat NRE Coke has accused Son In Law, Ratan Lal Tamakhuwala of Gremach and Austral (Currenly IPO is Open) of misstatements in the Prospectus of Austral and misusing the Name of Gujarat NRE to promote the IPO of Austral….Main accusations are that the Capacity of …
Gremach & Austral taking Investors for a ride says Gujarat NRE Coke Read More »