Ram Informatics Ltd: On a fantastic growth path banking on the Domestic Software Market: ASM Technologies Ltd is also doing Fantastic in the bourses... My earlier recommended counter Compact Disc Ltd (BSE Code-->526141) is also doing well and is rising steadily up..Its September, 2008 quarter results have been absolutely fantastic. The company allotted 14,00,000 Convertible Warrants at a Price of Rs.100 each to Pariscope Pictures Pvt. Ltd. The Warrants will be convertible within a period of 18 months at the option of allottee, into fully paid-up equity shares of Rs.10 each, at a premium of Rs.90 per share. Compact Disc Ltd approved the budget of US$ 63 million (Rs 309 crore) for the animation feature film, multi-platform gaming and merchandising of a project with Pele, a legendary and Brazilian Soccer King. Is the story of the Compact Disc Ltd, now looking very attractive, for the bulls??!! One can also start accumulating Ram Informatics Ltd (BSE Code-->530951) at the CMP of Rs...
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WINNING STROKES: THINK DIFFERENT: [Updated with inputs on ASM Technolgies Ltd and Ram Informatics Ltd] As mentioned yesterday, the fact that the Nifty is above 2900 and 2950 is a great sign of relief for the bulls. With the war hysteria now nosediving, Government coming up with Second Fiscal Package to pump prime the economy, inflation tiger caged long back, and RBI thinking of further cutting of interest rates, anyone can guess where the market is heading in the next few tradi ng sessions. One of the most interesting part of today's market is the advance decline ratio, which is 1641 advances against 834 declines on the BSE. Today most of the banking stocks did well as was mentioned in the morning report to the Paid Groups-- SBI, Yes Bank, Dena Bank, DCB Ltd, etc closed in the green. As was mentioned in the Sunday Report the market heavy weight Reliance Industries Ltd moved up today, on the news of the spurt in the Oil prices and also due to expected fiscal package from the governm...
WINNING STROKES: THINK DIFFERENT: Nifty Closed above 2900 in late buying as the Crude Oil surged ahead due to better outlook for the World Economy and due to the prediction of Severe Winter in the US, the largest consumer of crude oil. It was mentioned a number of times to the Paid Group Members that, crude at this price is not sustainable as it will virtually bankruptct the OPEC and other oil producing countries like Russia. Hence the Oil Exporting Countries will try to do everything so that the Crude Price sustains above $72 per barrel. My Sunday Report Recommended scrip, XL Telecom & Energy Ltd (BSE Code-->532788) almost hit the buyer freeze before cooling down a bit. I will soon upload the report on the company in this blog. Lok Housing Ltd hit the buyer freeze in the late trade. The stock was mentioned during the market hours to the Paid Groups. SAIL moved up today reflecting what is mentioned in the Sunday Report on Steel Counters: "Steel stocks are likely to rebound...
Satyam may get strategic investor K V Ramana Monday, December 29 The promoters of Satyam Computer Services may be on the lookout for a white knight to bail them out of the crisis following a botched deal to push through two related-party transactions recently. Going by sources, roping in a strategic investor and giving him a place on the board is an option being considered seriously, for such a move could help reassure shareholders of the continuing positive outlook of the investing community on the company and its prospects. The issue is likely to come up for discussion at the board meeting to be held on January 10, 2009. The listed agenda for the board meeting includes dilution of promoters’ equity. The promoters of Satyam currently have about 8.61% stake in an equity base of Rs 134.7 crore. Institutions hold about 61.57%, while the rest is with the public and other corporate bodies. The dilution of promoters’ stake would happen either by the promoters led by Satyam chairman B Ramal...
So, India will be an island??!! Investment Guru Rakesh Jhunjhunwala, Raamdeo Agrawal of Motilal Oswal and Sanjoy Bhattacharya, Founder and Partner, Fortuna Capital, spoke to BSE and NSE member Ramesh Damani and tried to find the answer to an important question––Who creates wealth? Who destroyed wealth? Ramesh Damani introduced the discussion thus - "There is a Chinese symbol that consists of two characters, the top character has danger, and the bottom character has opportunity. Too often, when one focuses on danger, one forgets the opportunities present. The question before the panel and the house today is that in this current fall in the market, one of the great lifetime opportunities to load up on bargain, blue-chip stocks for the next 10-20 years or is the market blinking red and going into a deep freeze. That is the theme – the good, great and gruesome companies that we will select." According to Agrawal, while tapping a company as a good investment opportunity, “What is...