SumanSpeaks: The Information Super Highway

Worst over for Indian economy: Dr.Pranab Mukherjee Sanguine Media Services Ltd, XL Telecom and Energy Ltd, Moser Baer Ltd, etc, did well taking cues from the Budget proposals. India began to rollback tax cuts Friday as the government's new budget pledged to trim the swollen fiscal deficit while maintaining spending on social programs and infrastructure. Presenting the budget for the fiscal year ending March 2011 to a belligerent Parliament, Finance Minister Pranab Mukherjee said India's fiscal deficit, now 6.5 percent of gross domestic product, would shrink to 5.5 percent of GDP, before falling to 4.1 percent of GDP by 2013. As expected, he also hiked excise taxes by an average of 2 percentage points. The government had cut those taxes by 6 percentage points in the wake of the financial crisis to stimulate spending. His pledge to reinstate duties on petroleum products and raise exise taxes on petroleum and diesel to 1 rupee a liter brought angry parliamentaria...

Importance information regarding investment in Instant Forex's Schemes:   The following persons will get their monthly cheques from http://www.instantforex.biz/ , to be deposited in the Bank Accounts by tomorrow at the rate of 20% per month (approx) on their investment of Rs.17, 100 or 250 Euro. The investors are requested to please confirm the below mentioned figures (of their income on investment), to check whether they are right or wrong, through a mail sent to my e-mail or through Yahoo  Messenger... After their confirmation mail, the cheques will be deposited in their bank accounts at the earliest. The conversion will be done at the rate of 62.5 Euro= Rs.3600 considering transaction and other charges. If one transfers through Western Union Money Transfer, then they would get a little less amount. Moreover those who have opted for the six month and yearly plans will have to wait for the said period to their first income from http://www.instantforex....

Stone India Ltd BSE Code: 522085 Investors can buy the shares of Stone India Ltd at the price range of Rs.57.80--Rs.58 for the short term. The stock is looking good on the daily charts. Stone India Limited earlier received the first bulk order valued at Rs.49 Million from Rashtriya Coach Factory, Kapurthala for the supply of Air Spring for 123 coach sets. It is manufacturing this product in collaboration with Sumitomo Electric Industries, Japan - the leading supplier of such products for Bullet Trains in Japan. This product will be supplied both from Kolkata as well as from its new plant in Nalagarh, Himachal Pradesh. The company expects to receive more orders for Air Spring during the year. The company would get benefitted from the introduction of few more "Duranto Express Train"  by the railway minister, Ms.Mamata Banerjee.   "Duranta Express" will use a 'new generation' pneumatic suspension system manufactured by Stone India, which wi...

Stocks rebound as Bernanke sees rates staying low Fame India Ltd (Formerly Shringar Cinema Ltd) was recommended to the Free Groups, in www.sumanspeaksplus.blogspot on 11th May, 2009 at Rs.12.90. The stock today touched Rs.95.25 before cooling down at bit, giving phenomenal return to the investors: Stocks rebound from slide as Bernanke tells Congress interest rates are likely to remain low Stocks rebounded from a two-day slide Wednesday as Federal Reserve Chairman Ben Bernanke told Congress that low interest rates are still needed to support the economy. Bernanke sounded an upbeat note about a recovery as part of his regular semi-annual report to Congress on the economy. He told the House Financial Services Committee he still expects interest rates will remain low for an extended period. Investors want to see low-cost borrowing continue to help revive the economy. Financial stocks helped pull the Dow Jones industrial average up 95 points after the index slid 101 on Tuesd...

Important Announcement regarding Ambalal Sarabhai Enterprise Ltd: There is a strike going on in the company, due to non payment of the salaries of employees. Moreover, the results of the company for Q3FY10, were also not good. There is liquidity crunch in the company (or the company is in need of the working capital) and which needs to be urgently sorted out. However, the company is doing lot of restructuring of its business and is expected to turn around in the next 6-9 months time frame. It was once among the top 10 (ten) pharmaceutical companies in India.

Important Notice on Instant Forex Group of Companies: ( www.instantforex.biz ): Please note that Euro (the European Currency) has been transferred from the following accounts of the persons mentioned below, to be converted into Indian Rupees (INR): 1. Keyur Patel (a) A/C No.3596439 (b) A/C No,3596448 (c) A/C No.3596466 2. Praful Thummar (a) A/C No. 3597582 (b) A/C No.3598455 (c) A/C No.3597618 3. Rahul Shah A/C No.3601704 4. Sumit Nimkar (a) A/C No.3602541 (b) A/C No.3602604 (c) A/C No.3602550 5. Vinod Kavanadu (a) A/C No.3598563 (b) A/C No.3594351 (c) A/C No.3599076---> Euro could not be transferred from this accounts as the transaction password might have changed. Please take note of this and get back to me at the earliest. In the following days some more names would be displaced in this blog, in whose acccount Euro (not Dollar) has entered or will enter. Among them would be Navin Kondabalu (Australia), Bhusan Patil (Bombay), Dhr...

Northgate Technologies Ltd: Updates:  Northgate Technologies Ltd has applied to the RBI in relation to the securities trading activities of Van Quant Tech Securities Pvt Ltd, a newly ac quired wholly owned subsidiary of the company.  The company hopes to get the necessary approval from the RBI, within the next 30-45 days time frame, which will be an additional source of revenue for the company going forward.  The company after its earlier set back is doing  fine now and has chalked out some ambitious plans.....It has also claimed of finding methods to generate some revenues from its web-properties. This is sharp contrast to its earlier move of selling the web-properties at any cost to meet the working capital requirements. It remains to be seen  in the following quarters how much is the company is able to implement those plans to generate some solid revenues going forward. Meanwhile please keep a watch on the share of Ambalal Sarabhai Ltd (BSE Code: ...

Infla tion will start moderating from July: RBI Governor: RBI Governor D. Subbarao said that inflation will start moderating from July. Subbarao was addressing RBI's central board meeting in  Patna. RBI board met here to discuss various economic issues.  The RBI governor said that he was sticking to 8.5% inflation projection made during the credit policy.  India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates.  The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed.  The fuel price index rose an annual 9.89 percent in the same week, down from a rise of 10.4 percent on year the previous week.  A persistent rise in food and fuel prices along with a pick up in manu...

Sanguine Media Services: Updates: Sanguine Media Services Ltd came with almost a flat topline and a disappointing bottomline in the Q3FY10. The stock however, is near its 52-week low and is a good option for accumulation by the medium to long term investors, as it is not possible to get a listed company at the current market cap of only Rs.4.46 Cr and book value of Rs.19.82 at Rs.3.16. This price is simply a misnomer considering the face value of the shares of the company is Rs.10 and not Re.1.  When the companies in the media space (with a slightly different business model) like WWIL (BSE Code: 532795) which is continuously making losses and with face value of Re.1 can trade at Rs.17.55 (Rs.175.5 with Rs.10 face value), I do not understand the reasons for the shares of Sanguine Media to trade at less Rs.10 or less than its face value .     It is to be remembered that we invest in a company not looking ONLY at the past data but also by its future outlo...

Refex Refrigerants: Updates: Refex Refrigerants Ltd came out with better than expected results for the Q3FY10, though the net sales dipped a bit. The total sales of the company the Q3FY10 came out to be Rs.6.92 Cr as against Rs.10.16 cr in the same period previous year. But what is amazing to note is that Profits from ordinary activities before tax is Rs.20.23 lakhs against a net loss of Rs.7.83 Cr in the same period previous year. Also the net profit for the Q3FY10 came out to be Rs.12.16 lakhs against a net LOSS of Rs.4.57 Cr in the same period previous years.The company's wind farm project is going on smoothly and hopefully the company hopesa to complete the project within the next 6 months time frame. The company is also expected to free its pledged shares within a very short time. According to the sources close to me, it could get freezed in the next 3 months time frame. The company's season has started and hopefully from the Q1FY11, Refex Refrigerants would st...