By -
Image
SumanSpeaks Capital Markets & Geopolitical Intelligence  ·  Estd 2006   Insolvency Law · Corporate Accountability When the Law Works Exactly as Designed — And Still Feels Wrong ₹22,006 crore in personal guarantees. Settled for ₹6.5 crore. Approved 80.81% to a minority that included two public sector banks — with the tribunal's own bench divided before a tie-breaking member stepped in. Subhash Chandra (Goenka), founder of the Essel Group and promoter emeritus of Zee, has settled a personal guarantee liability of ₹22,006 crore for ₹6.5 crore. The National Company Law Tribunal approved the plan this week. The case began small. In 2022, Indiabulls Housing Finance — now Sammaan Capital — moved against Chandra over a personal guarantee on a ₹170 crore loan to Vivek Infracon. By the time the insolvency plea was admitted in 2024, admitted c...
Post a Comment

My recommended picks gained even when the Sensex tanked...

By -
Recommended picks shines as Sensex Tanks: My recommended picks gained even when the sensex tanked by more than 380 points. I had recommended: Chandra Prabhu International Ltd-->gained by 9% to Rs.7.75[Coal, Synthetic rubber, bio-technology, bio-diesel and other chemicals] ahead of results and Australian deal. Morgan Ventures Ltd-->Gained by 2.75 % to Rs.24.25 [Wind power, Forging factory sales and real estate purchases, i.e. investment in lands, whose value has more than tripled due to real estate boom] Coral Finance & Housing Ltd---->Gained 2.97% to Rs.17.35 [Ayurvedic Hospital, Real estate play and finance. Number of real estate projects going up in and around Bombay] Even Monnet Ispat Ltd fell by a mere 2.52 % to Rs.172, even in such a huge fall of the Sensex. Soma Textiles and Industries Ltd remained flat at around Rs.26.55, indicating that it has huge support around Rs.26--Rs.27 range. This is a great stock to be accumulated at this price as the company has completed expansion, came out with decent set of numbers in FY-06-07, modernised Baramati plant, getting cheap electricity from MSEB etc. Rolta Ltd and GDH went down after partial profit booking was advised in the counter. All these shares can be accumulated on every dip as all these have a good story to tell. Dhoot Industrial Finance Ltd also remained flat at around Rs.18.10. The company like Morgan Ventures and Suzlon has installed wind farms. It is a great bet as the energy crisis will be a major problem going ahead. For the FY-06-07, it came out with scintillating results. It can be accumulated at this price. Visaka Industries Ltd [recommended at Rs.110. It is a Cement, Textile and Asbestor player], rose by more than 5% to Rs.126 before settling at Rs.117.9. The company had earlier, approved the merger of M/s Shakthi Roofings Pvt Ltd, with the Company effective from April 01, 2006. It is on a great growth trajectory. More in the following mails, Best wishes, Suman Mukherjee India. http://sumanspeaks.blogspot.com/ http://finance.groups.yahoo.com/group/SumanSpeaks/

Comments

Post a Comment

Popular posts from this blog

By -
Image
Hikaru Nakamura and Atousa Pourkashiyan: A Checkmate in Love – A Grand Union Forged on the 64 - Squares.... Introduction: Hikaru Nakamura, a name synonymous with modern chess, is a prodigy-turned-legend whose brilliance has redefined the contours of the game.  A five-time U.S. Champion, his fearless strategies and dynamic online presence have made him an unparalleled force in the chess world. In 2023, however, the grandmaster made headlines for a personal milestone: his marriage to the courageous and equally accomplished chess player, Atousa Pourkashiyan. Atousa, a Women's Grandmaster (WGM), is a celebrated chess player and a symbol of resilience. Her bold decision to compete without a hijab during the 2022 World Rapid and Blitz Championship became a landmark moment in the global spotlight. This act was a direct expression of solidarity with the Mahsa Amini protests in Iran, where women have continued to fight against oppressive mandates, demanding the freedom to choose their attir...
Read more
By -
Image
Turnaround Play? 3i Infotech Bets on ₹100-Crore Rights Issue to Power Growth. ~Sumon Mukhopadhyay. ------------------------------------ Introduction: Founded in 1993 and headquartered in Mumbai , 3i Infotech Limited is a global IT services provider with over three decades of expertise in digital transformation.  With a workforce exceeding 4,300 professionals and a client base spanning India, North America, the Middle East & Africa (MEA), and Asia-Pacific (APAC) , the company operates across three strategic verticals:  🔹Infrastructure Services (cloud and cybersecurity), 🔹 Application-Automation-Analytics , and  🔹 Business Process Services . In FY25 , 3i Infotech posted consolidated revenues of ₹725.75 crore (India: ₹335.80 crore; US: ₹287.34 crore; MEA: ₹74.98 crore; APAC: ₹27.63 crore) and achieved a net profit of ₹25.3 crore , marking a significant turnaround from a ₹313.6 crore loss in FY24 .  To reinforce this recovery, the company has proposed a ...
Read more
By -
WINNING STROKES: THINK DIFFERENT: Please STOP investing in companies by simply looking at their past quarterly/annual results. More quickly you do away with this BAD habit, the better it will be for your investment philosophy. Please remember a debt free company (zero liability) which is closed, has tremendous value, unlike what an Old Analyst from Bombay is trying to make us understand. How will the markets behave today?? This portion only to the Paid Groups.... My Mom (mother) is seriously ill (who is suffering from Cancer) and hence the services to the Free and Paid Groups might be affected in the days to come... Galada Power and Telecom Ltd, which was recommended yesterday to the Paid Group through an SMS and then to the Free Group, hit the upper circuits. The company has 4 acres of land in Uppal , whose current market price is around Rs.24--Rs.28 Cr. However, what is the latest development in the company?? This portion only for the Paid Groups. Sanguine Media Services Ltd hit ...
Read more