|IBM designed and is building the largest data center in India |
for Tulip Telecom Ltd. to deliver new cloud and networking
services to its customers. Image credit: IBM
Monday, March 24, 2014
WINNING STROKES: THINK DIFFERENT
Now as long as Nifty_Spot does not cross 6570-6575 ranges on the upside, the chances of rally continuing looks dim. Today Nifty tried to cross that range and touched 6591.50, but had to retreat due to selling pressure at higher levels. Today, FIIs were net buyers to the tune of Rs.1465.62 Cr, while DIIs were net sellers of Rs.770.39 Cr. So, the net inflow in the market was Rs.695.23 Crores.
Tulip Telecom Ltd today hit the upper freeze in the BSE and closed at Rs.4.01. The Book value of the shares of the company is Rs.45.34 and in case of liquidation, the shareholders would get good amounts after settling the liabilities. The company has huge assets in the form of Data Centre, where it invested around Rs.900 Cr. There are also talks of a large telecom taking over the operations of the company, as the lenders are probably thinking on those lines, instead of allowing the company to go for a natural death.
Shree Ganesh Jewelry House (I) Ltd today closed flat at Rs.26.04. The company was supposed to have a meeting with the consortium of the Banks today, for the CDR scheme. It is widely believed that the said CDR proposal will be approved by the banks and the company would again start its expansion plans. Those investors, who has a time horizon of 6-9 months should buy the scrip in BULK and keep holding, like your fixed deposit. There is no need to trade in the shares of the company everyday; just buy and wait. The company is into Gold Jewelry Exports, Gold Finance, Gold Mining, Solar Energy, and also into Gold refining. It is a regular dividend paying company and should give good returns going forward.