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Very Good Stock limited Downside
Posted by :
vkk43Price when posted : BSE: Rs 76.15 ( -16.27 % ), NSE: Rs. 76.10 ( -16.19 % )
Tracked by: 0 Boarder
Definitely it is a good sign that when market price of the share is 76/-, promoters hv converted their warrants at 397/-. It shows their confidence in the company going forward even though the share is facing weakness in the market....
In reply to:
Very Good Stock limited Downside
Posted by : libran.
The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing 
Very Good Stock limited Downside
Posted by : vkk43Price when posted : BSE: Rs 76.15 ( -16.27 % ), NSE: Rs. 76.10 ( -16.19 % )
Tracked by: 0 Boarder
Most of these brokers/analysts reports are at best to b avoided. As rightly said by you, when the price of the share will go up to a higher level, we will find all sorts of reports from them for a buy. Thanks....
In reply to:
Very Good Stock limited Downside
Posted by : libran.
Also I want to add that it is pity that we go buy stocks when brokerages come with buy reports. Why can`t we apply our own wisdoms and do the same before they do, wait for few months and once stock goes back to 120 levels all brokerage will come with buy and target price would be 200 plus..happy investing
DONT DO ANYTHING
Posted by : vkk43Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )
Tracked by: 0 Boarder
It is a great news. After reading this, fear from the minds of the investors would go. ICICI shares will move up now. Thanks....
In reply to:
DONT DO ANYTHING
Posted by : sambala
ICICI books fine, RBI inspection shows
BS Reporter / Mumbai October 13, 2008
The Reserve Bank of India (RBI) has said its inspection of ICICI Bank and its UK subsidiary has not revealed anything to cause alarm
“During our inspection we did not find much difference between what we would have assessed and what they have said… We inspected ICICI Bank’s UK subsidiary as well and there is nothing to worry about,” RBI Deputy Governor V Leeladhar told Business Standard.
He said the bank has been maintaining sufficient liquidity, estimated at around Rs 5,000 crore. In addition, over the last year or so, the country’s second-largest bank has been more involved in the lending side of the business in the call money market. That shows that there is no liquidity problem and that it is comfortable.
In recent months, the bank has gone slow on lending, especially to retail clients, because interest rates went up and delinquency levels rose. ICICI Bank’s net non-performing assets were estimated at 1.83 per cent of advances at the end of the quarter ended June 2008.
Leeladhar said ICICI Bank has a net worth of around Rs 47,000 crore, its statutory liquidity ratio (SLR) is 26 per cent. The capital adequacy ratio is 13.42 per cent. “So, 50 per cent of their deposits are covered through SLR, cash reserve ratio and capital.
“Because there were fears in certain centres, they went beyond the practice of issuing demand drafts when people shut accounts and instead gave cash. The amount that they have paid to depositors is very, very small compared to the size of their operations. So, there is nothing to worry on that count as well,” he added.
Leeladhar also said the bank has no direct sub-prime exposure overseas. Though the bank has exposure to collateralised debt obligation (CDO) and credit default swaps (CDS), the CDS exposure is only on Indian companies. The CDS exposure to overseas companies has been unwound. “But it is nothing compared to the size of their balance sheet and the capital that they have,” he said.
FE editorial: to watch Monday trading closely
Posted by : Leave it.Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )
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FE Editorial : Monday mantra
Mon, Oct 13 02:38 AM
No Monday market will be watched as closely as today`s. India`spolicymakers will be watched too. They have done well so far. But volatile times induce error. So let`s note that one of the most remarkable facts this crisis has shown is that the global stock market can absorb a trillion dollar loss in one day while the global banking system cannot absorb the same loss over two years. This is demonstration of the importance of a market-dominated financial system. A large banking system is a strategic vulnerability, particularly after taking into account the toxic interplay between banking and politics which can lead to loan waivers, loans to cronies, bailouts, resource pre-emption by the government, directed credit and PSU banks. A market dominated financial system is safer in that the worlds of finance and politics are much more likely to be kept apart.
In Russia, Indonesia, Ukraine, Hungary, Pakistan, etc., the stock markets have closed down for some period of time in this crisis. Regulators in the US and the UK lost their nerve, and did some silly things on short selling, which were reversed in a few days. In India, the fundamental attributes of a sound market have been satisfied. In the worst of pain—on Friday evening—there were both buyers and sellers on the screen. On Friday, the top three derivatives at NSE were Nifty (Rs 34,000 crore), rupee-dollar (Rs 976 crore) and ICICI Bank (Rs 947 crore). At closing time on Friday, on the near month ICICI Bank futures, there were buyers at the top five prices for 6,825 shares and sellers at the top five prices for exactly the same amount. There was no payments crisis, despite substantial price fluctuations. The market was working as it should: providing a venue for both positive and negative views to be expressed, and solving out for an equilibrium price. The policy establishment in India has fared well in this crisis. Knee jerk proposals for banning short selling have been rejected; RBI responded with alacrity by cutting CRR; Sebi plodded onwards with structural reforms by rescinding the mistakes about PNs made in October 2007. Last week was a trial by fire, and India`s exchanges, and the economic policy leadership, has come out looking good by international standards. Now the immediate task lies in rapidly solving the liquidity squeeze by setting up a proper operating framework for monetary policy, and undertaking fundamental reforms of the FII framework.
v.krishnamoorthy
Folsom/USA...
FE Editorial--watch monday market closely
Posted by : Leave it.Price when posted : BSE: Rs 1352.15 ( 2.27 % ), NSE: Rs. 1352.50 ( 2.59 % )
Tracked by: 0 Boarder
FE Editorial : Monday mantra
Mon, Oct 13 02:38 AM
No Monday market will be watched as closely as today`s.
India`spolicymakers will be watched too. They have done well so far. But volatile times induce error. So let`s note that one of the most remarkable facts this crisis has shown is that the global stock market can absorb a trillion dollar loss in one day while the global banking system cannot absorb the same loss over two years. This is demonstration of the importance of a market-dominated financial system. A large banking system is a strategic vulnerability, particularly after taking into account the toxic interplay between banking and politics which can lead to loan waivers, loans to cronies, bailouts, resource pre-emption by the government, directed credit and PSU banks. A market dominated financial system is safer in that the worlds of finance and politics are much more likely to be kept apart.
In Russia, Indonesia, Ukraine, Hungary, Pakistan, etc., the stock markets have closed down for some period of time in this crisis. Regulators in the US and the UK lost their nerve, and did some silly things on short selling, which were reversed in a few days. In India, the fundamental attributes of a sound market have been satisfied. In the worst of pain—on Friday evening—there were both buyers and sellers on the screen. On Friday, the top three derivatives at NSE were Nifty (Rs 34,000 crore), rupee-dollar (Rs 976 crore) and ICICI Bank (Rs 947 crore). At closing time on Friday, on the near month ICICI Bank futures, there were buyers at the top five prices for 6,825 shares and sellers at the top five prices for exactly the same amount. There was no payments crisis, despite substantial price fluctuations. The market was working as it should: providing a venue for both positive and negative views to be expressed, and solving out for an equilibrium price. The policy establishment in India has fared well in this crisis. Knee jerk proposals for banning short selling have been rejected; RBI responded with alacrity by cutting CRR; Sebi plodded onwards with structural reforms by rescinding the mistakes about PNs made in October 2007. Last week was a trial by fire, and India`s exchanges, and the economic policy leadership, has come out looking good by international standards. Now the immediate task lies in rapidly solving the liquidity squeeze by setting up a proper operating framework for monetary policy, and undertaking fundamental reforms of the FII framework.
v.krishnamoorthy...
Tracked by: 0 Boarder
Dear Aru,
Following posn recommended by Business lines for this month:-
---Long straddle on nifty by buying 3400 call and put at rs 150 and 250.
-----long straddle in ICICI using 420 strike( since in or near the month options are not available for trading).
Your comments please.Regards
...
In reply to:
Query
Posted by : vam_aru
Dear Bvnaro,
It`s not advisable to put entire money in one share at one go, it would always be inviting a trouble, at current rate even averaging will not work, you have to wait , don`t add any more funds in this counter.
Yahoo gives warning for Monday trading
Posted by : Leave it.Price when posted : BSE: Rs 1527.00 ( -7.43 % ), NSE: Rs. 1527.60 ( -7.34 % )
Tracked by: 0 Boarder
Markets to crash further----------------
Mon, Oct 13 02:38 AM
Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.
Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.
Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."
On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.
However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.
"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.
Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...
Yahoo news gives a warning for Monday trading.
Posted by : Leave it.Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )
Tracked by: 0 Boarder
Markets to crash further------------
Mon, Oct 13 02:38 AM
Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.
Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.
Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."
On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.
However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.
"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.
Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...
Yahoo gives a warning for MONDAY
Posted by : Leave it.Price when posted : BSE: Rs 165.25 ( -11.84 % ), NSE: Rs. 166.90 ( -11.11 % )
Tracked by: 0 Boarder
Markets to crash further------------------
Mon, Oct 13 02:38 AM
Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets.
If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.
Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.
Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally.
Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."
On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.
However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.
"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.
Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week.
I do not understand how the investor will gain from the CRR reduction. If it takes cource, it will take its own time.
The report is for general observation of all of us. If you have hope, you will regain everything.
v.krishnamoorthy
...
Yahoo gives a warning for Monday trading
Posted by : Leave it.Price when posted : BSE: Rs 1352.15 ( 2.27 % ), NSE: Rs. 1352.50 ( 2.59 % )
Tracked by: 0 Boarder
Markets to crash furtherMon, Oct 13 02:38 AM
Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.
Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.
Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."
On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.
However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.
"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.
Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...
A warning for today trading from Yahoo news
Posted by : Leave it.Price when posted : BSE: Rs 1046.35 ( -5.35 % ), NSE: Rs. 1047.75 ( -5.27 % )
Tracked by: 0 Boarder
Markets to crash further----------
Mon, Oct 13 02:38 AM
Indian equity indices, which observed its worst weekly performance in the recent past, last week are likely to hammer down further on the back of carnage in the global markets. If the dealers in the market are to be believed then there are no positive indications in the market which may boost the sentiments of the market.
Weak closing of the US markets might also mirror in the domestic markets for the first two days of the next week, say traders. Absence of any major trigger on the home front, the domestic markets is expected to look west and at its Asian counterparts for the direction next week.
Amitabh Chakraborthy, president equities at Religare Securities said, "At this juncture, I don`t see any positive triggers in the markets which can make a positive rally. Foreign Institutional Investors (FII) is continuously selling and they would continue doing it for some more time. In the coming days, we might witness further selling pressure in the markets, which may take Sensex further down and we might see the downside correction of other 20% in the coming days."
On Friday, last trading day of previous week, we saw Sensex down by 800.51 points or 7.07% and had ended the day at 10,527.85 points. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 233.70 points or 6.65% and had closed the day at 3,279.95 points.
However, dealers in the markets say that, Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) by 150 basis point will infuse over Rs 60,000 crore in to the banking system, which might boost the sentiments of the investors in the coming days.
"Global markets are playing havoc and no one is sure how much more pain is left in the market. Apart from that intense selling pressure in the last couple of days in the domestic market is worrisome. Investor confidence has been shattered after the massive crack that the market witnessed last week," said an analyst from the leading broking house.
Analysts will also be watching out for more results, prime amongst them would be the HDFC Bank results this week
v.krishnamoorthy...
Very Good Stock limited Downside
Posted by : libran.Price when posted : BSE: Rs 76.15 ( -16.27 % ), NSE: Rs. 76.10 ( -16.19 % )
Tracked by: 0 Boarder
Also I want to add that it is pity that we go buy stocks when brokerages come with buy reports. Why can`t we apply our own wisdoms and do the same before they do, wait for few months and once stock goes back to 120 levels all brokerage will come with buy and target price would be 200 plus..happy investing...
In reply to:
Very Good Stock limited Downside
Posted by : libran.
The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing
Support-Resistance LEVELS for TODAY ! !
Posted by : DUstocksPrice when posted : BSE: Rs 52.75 ( -11.79 % ), NSE: Rs. 52.75 ( -11.79 % )
Tracked by: 0 Boarder
R3 R2 R1 P S1 S2 S3
65.16 61.58 57.16 53.58 49.16 45.58 41.16
...
Very Good Stock limited Downside
Posted by : libran.Price when posted : BSE: Rs 76.15 ( -16.27 % ), NSE: Rs. 76.10 ( -16.19 % )
Tracked by: 0 Boarder
The promoter have already converted one crore warrants at price of 397 shares through its group company JP ventures, this stock was at 24.5 PE at 135 levels now trading at 76 is very cheap, also where all other companies are not going ahead and converting their share warrants at significant higher price to current market value, for example Nagarjuna construction was suppose to convert their share warrants at rate of 217 when share price was at 140 levels and they did not, but JP associates have gone ahead and converted warrants into shares at 397 almost 6 times current market price, demonstrates and exhibits how promoters are confident about their company fundamentals and growth going forward .. i am bullish about this stock not for short term but long term say 2-3 years I see stock at above 250 levels.. happy investing ...
In reply to:
Very Good Stock limited Downside
Posted by : BullSheetRules
Just for info:
--
JP Associates: Not so concrete
Shobhana Subramanian & Varun Sharma / Mumbai September 20, 2008, 0:26 IST
The Street seems to be worried about the company’s expansion plans for cement at a time when demand is expected to slow down.
The Jaiprakash Associates stock fell to a 52 week low in intra-day trades earlier this week. Since it became a part of the BSE Sensex, in mid-March 2008, the stock has come off by 46 per cent –a huge underperformer given that the Sensex has lost just 15.5 per cent during that time. That is somewhat surprising because the Rs 3,985 crore firm did fairly well last year to post an increase in sales of 14.5 per cent and a rise of 47 per cent in net profits.
What seems to be worrying investors is the cement business which contributes about half the company’s revenues. Last year JPA spent about Rs 3,080 crore on capital expenditure of which three –fourths or Rs 2,270, was spent on adding cement capacity--JPA plans to double capacity to nearly 20 million tonnes this year.
However, according to industry watchers, demand for cement is coming off slowly and is expected to grow by just 10-12 per cent over the next three years. It could, therefore, lag supply which is expected to increase by 20-22 per cent compounded annually over FY08-11.
Thus, prices could come off by 8-12 per cent over the next 12-15 months. In the June 2008 quarter, cement and cement products, at JPA, grew by 13 per cent y-o-y with volumes increasing by about 11 per cent and realisations up 1.7 per cent. The segment margin came off by 280 basis to 30.3 per cent y-o-y.
JPA`s construction business should do well since it is executing hydro power projects for a capacity of 4,290 MW. It currently operates 700 MW of hydro power capacity and the order book stands at around Rs 12,000 crore. In the June 2008 quarter, construction and engineering grew 17 per cent with the segment margin up 180 basis to 21 per cent y-o-y.
JPA`s promoters have recently allotted themselves 120 million warrants —about 9 per cent of fully diluted equity-— in addition to the 50 million warrants, priced at Rs 397 per share, allotted in January 2008, and due for conversion in July 2009. At the current price of Rs 135 the stock trades at 24.5 times its estimated FY09 earnings.
Support-Resistance LEVELS for TODAY ! !
Posted by : DUstocksPrice when posted : BSE: Rs 281.65 ( -8.79 % ), NSE: Rs. 281.90 ( -8.73 % )
Tracked by: 0 Boarder
R3 R2 R1 P S1 S2 S3
325.06 315.33 298.61 288.88 272.16 262.43 245.71
...
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