Please do not sell now, The promoters will oversupply the market with their stakes so that the price of the scrip declines like what happened today, which in turn will create a panic in the brouses amongst poor retail investors who in turn will sell at Rs.307 maximum.please hold on and only then will you see rain cammodities boom to Rs.360 for sure...

You should have realised by now that the indian stock market is controlled by a selected few big fund managers,FII, Politicians & Industrialist, who decides the trend and trade on a day to day basis.
There is a gray market being played like satta or matka on the brouses,even if companies do well in all fronts these are grossly underplayed, especially the govt owned PSU's like MRPL, ONGC, NEYVELI,BHEL, BEL,SBI, these scrips are available at the cheapest of valuation but no takers, whereas there are takers for ICICI Bank, HDFC,Reliance,Adag group,Jindal group and other pvt players who are either overvalued or not worth the latter stocks mentioned.
dont worry patience will pay rich rewards,let the final results of the Forex losses of this Pvt Banks and companies come to the fore in the few months then you will see what happens, how many are going to loose heavily
...

If the OVL deal for imperial gets through than the major benificiary is likely to be MRPL, crude from Russia likely to flow into Mangalore port for refining at the MRPL facility thru ONGC.
Hold on to the stock can expect a target of Rs.100 in medium term...

Dear Sagithanair, one could possibly file a written complaint to SEBI asking for information about the land holding of the company under the RTI rule book,if on the event of not getting a appropriate reply from the company on their mail id , which I propose to do, should I require assistance from some boarders like you I shall get back to you for support, thanks,boldy...

Dear rimathur, some big time news on shanthi gears coming for sure in a couple of days, buy with a target of Rs.120 now, dont miss the bus...

Your one of the stooges of the reddy's for all you know, who is interested in 2 or 3 years in Rain commodities, are you hinting that the buy back will be at Rs.260 or Rs.290 since the promoters got it at Rs.190 plus Rs.10 i.e. Rs.200.
Who knows what will happen in this span of 2 or 3 years,will these institution holding approx 29% dump this company like bear stern, are you a astrologer to predict all this,who is suspecting whom and what is the question of the day ...

My Dear Friend, most cases there is always a talk about the buy back with details of the price, valuation , net worth of the company for the benefit of the investors, but the case of Rain commodities its is more like a proprietary concern where the malik does what he feels like without even the basic assesment of the investors pulse
The reddy's would have never come across the word "Corporate Governance" and hence thinks it fit to decide the matter secretly over the board meeting wherein majority of the directors are their own kin the reddy's thus depriving the retail investor of a say in the buy back, is it justifyied?
...

I would like to clarify on buy back offer. It is not a open offer to shareholders to buy shares from shareholders directly. It is buy back offer where company will be buying shares from stock markets at prevailing market prices up to a maximum price of 307 rs. So we can\\`t tender shares to company. This buy back will take time to start, may be 6-10 weeks. They will have to take approval from exchanges, appoint the broker to buy etc. The buy back price announced is very less and on top of that amount allocated for the purpose is tiny 26 cr. That is why the price is not moving up. In my opinion it will now find difficult to go past 225 and may go back to 200 level. Any upside can only be expected before the Sept results, that is couple of months away. So better sell at these levels and buy later at 200. Or sell it at 220-225 and buy goa carbons at 125 if it comes back to that price. It will surely reach to new highs. They are selling CPC in spot market and hence have got full benefit of booming CPC prices. Whereas Rain has huge capacity of CPC and can\\`t afford to brake the existing contracts. They are selling CPC at huge discount to spot prices. Company has disappointed again with their attitude by announcing buy back with only 26 crs. Will that be able to support the share price? Others opinion welcome on the matter....

dear boldy on you had posted following message on 24.08.08 "As days go by and rumours die down, you will find the scrip back at Rs.60 level, you can sell the scrip at every bounce and make profit on your holding, you can also play and accumilate at 60 levels and sell at Rs.80.00 in the short term for trade" However, in reply to my message you have posted following message on 27.08.08 "Dear rimathur, some big time news on shanthi gears coming for sure in a couple of days, buy with a target of Rs.120 now, dont miss the bus" don't you think the two messages posted by you are contradictory? and by the way, i know some persons in Shanthi Gears and they have denied the news....

To boldy There are some companies like this--rich in cash with poor culture. They forget the truth that it was the shareholders who gave them a structure for the formation of the company and allowed them to enjoy all the comforts in life, under the protection of company law and sharing the comforts,if needed with the statutory bodies, by just providing the requirements under company law with the regulators.When they see a bright future, they delist the shares and buyback all the shares. The media never focus the cries of the individual investors views to the attention of the company or to the regulators. Volumes are written daily about the flourishing industry or company. Nothing is mentioned by the vanished companies. There is not even a list of such companies with their addresses ,in the CLB or sebi or exchanges to enable the holders or deposit holders to contact them. This is the situationin which you and i are daily exchanging views about the future of the scrip and rise and fall of the prices but not about the rise and fall of the company. v.krishnamoorthy...

That is what the meeting is scheduled for on Sept 1st. The price and amount gets decided in board meeting. Board will have to approve the buy back decision also and then at what price and how much money will be allocated for that. This is the process, every company has to follow. We will know these details after the board meeting on Sept 1st....

Buy back is expected above Rs.300/- But there is no enthusiasm in the market about this share. Anybody have any idea?...

it has happened several times with shanthi gear. a sudden jump of 10-15 rupees and then gradually back to the same level.may be this has happended again. however, there is no denying the fact that fundamentally it is a sound company.Growth rate is very good. it needs to keep investing to expand to maintain the growth....

Thanks for your views. Yes, IFCI could jump sharply once the announcement about its stake sale is made....