WINNING STROKES: THINK DIFFERENT:
What will happen to the markets from here?? Any guesses?? This is only for the Paid Groups??
XL Telecom and Energy Ltd (now XL Energy Ltd) moved up in yesterday with good volume. There are some rumours in the market that a brokerage house might have recommended the same. The company has been allotted 50 acres of Land in Hyderabad for the mega project. The value of the land is more than the current market cap of the company. Besides many do not know that it is also into Ethanol making. It has an enviable order book position and the company is expected to declare the results in the 1st or 2 nd week of August, 2010. If we look at the earlier results of the company we would find that the results were progressively good. Just imagine what will be the price of the scrip if it only gets a moderate P/E of 10, in the following fiscals. Is the Sanguine Media Services Ltd, thinking to re-open its Mumbai office? Sanguine Media Ltd recently informed that the Board of Directors of the Company at its Meeting held on July 15, 2010 had approved the Change in control over the Management of the Company by appointing a new Promoter Director in place of the existing one under Regulation 12 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and other applicable provisions, if any, of the Companies Act, 1956 (including any statutory modifications or re-enactment thereof for the time being in force) and to appoint Mr. Kumar Raichard Madan as a Managing Director of the Company under Sections 198, 269, 309 and 310 read with Schedule XIII of the Companies Act, 1956 with effect from August 18, 2010. The consent of the shareholders for the said item is sought to be obtained through postal ballot process. What is interesting is that corporates hold 27.38% of the shares of the company. A number of brokerages hold stake in the company-- Pace Stock Broking Services Pvt Ltd (2.31%), Religare Securities Ltd 1.09%), etc.
I think most of you have taken position in Sathavahana Ispat Ltd. For FY10, the total income of the company came out to be Rs.408.07 Cr as against Rs.547.40 Cr. The net profit of the company for FY10 came out to be Rs.25.45 Cr as against Rs.13.12 Cr in the same period previous year. During the same period both the net and operating profit margins improved considerably.
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