Radhe Developers Ltd freezed on early trade before cooling down a bit: RNRL Recommended at Rs.23 rose up with huge volume to hit all time high: All these happened on Maniac Friday:
[Updated at 0100 hours]
Radhe Developers Ltd which was recommended as a technical high-risk high gain scrip some months back at Rs.17.5 freezed on last Friday on the news that it has informed BSE that a meeting of the Board of Directors of the Company will be held on September 27, 2007, inter alia, to consider, regarding further issue of shares and mode of issue for proposed expansion plans of the Company. So what to do with this scrip......????!!!! Moreover, is it the best time to buy Hotel and Construction scrips??? At what price should one buy Tata Tele Maharastra Ltd(TTML) to get booming return? Should one buy or exit IFCI Ltd???!! What should one do with H S India Ltd?? Why should one avoid India Hotels Ltd for the short term...?????!! But is it good for the medium to long term...??!! Ask the Premium Members.....
Reliance Natural Resources soar: Fortune Favours the brave:
The BSE Sensex was up 57.65 points, or 0.35%, to 16405.60.
On BSE, 7.34 crore shares of the scrip were traded. The stock had an average daily volume of 1.04 crore shares on BSE in past one quarter.
The scrip had touched a high of Rs 79.20, its all time high. It touched a low of Rs 56.05 so far during the day. The stock had hit a 52-week low of Rs 20.85 on 13 December 2006.
The scrip had outperformed the market in the one-month to 20 September 2007, galloping 27.07% as against the Sensex's 14.73% gain. It had also outperformed the market in the past three months, soaring 62.05% against the Sensex's 13% rise.
The Anil Dhirubhai Ambani group mid-cap firm has an equity capital of Rs 736.57 crore. Face value per share is Rs 5.
At the current price of Rs 77.20, the scrip trades at a PE multiple of 188.29, based on Q1 June 2007 annualised EPS of Rs 0.41.
Reliance Natural Resources (RNRL) has reportedly applied to the Petroleum & Natural Gas Regulatory Board (PNGRB) for a license to enter city gas distribution business in these cities.
At present, Mahanagar Gas (a Joint Venture between GAIL and BG) and Indraprastha Gas (a JV between BPCL and GAIL) are the leading players in city gas distribution. Mahanagar Gas operates in Mumbai and Indraprastha Gas is present in Delhi and the National Capital Region (NCR).
Gujarat Gas and the Adani Group are the other companies in this space and operate in the state of Gujarat. Mukesh Ambani owned Reliance Industries and several other players are interested in entering city gas distribution, the report suggests.
Meanwhile, some other reports indicate that BG is planning to get out of city gas distribution business and could sell its stake in Mahanagar Gas as part of this strategy.
BG is believed to have appointed Kotak Mahindra Capital for this process. BG and GAIL hold an equal 49.75% stake in Mahanagar Gas.
Reliance Natural’s net profit rose 269.08% to Rs 15.05 crore on 108.9% rise in sales to Rs 26.61 crore in Q1 June 2007 over Q1 June 2006.
Reliance Natural Resources is the gas trading company of the Anil Dhirubhai Ambani Group.
Note: The price hike, for Premium Membership, which was effected from 1st September, 2007, has been taken back after a number of requests poured in from some investors.... For details of the new offer one can mail me at:
suman_2004s@yahoo.co.uk (this mail address is currently bouncing).
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