Whether it is a Tata Steel or Bata Shoe,do not set your foot in a single stroke. Buy in lots of 25 or 50 at a time. Nine months ago it touched nearly twice the price it is quoting today. A good scrip needs no second thoughts. When the market is sliding, try to pick. As there will be no performance figures to triger the prices, Only speculative action will be pushing the prices up and down for six months. If you are not a trader, set a target for getting in and getting out with a profit. Target is important to reduce the loss or count the profits.
v.krishnamoorthy...

To moderator/MMB
You have given details for 7 Qns only for 20 mentioned.
Of the seven two are actually posted by names and the rest are from guests.One is related to 2002, which cannot be answered easily except by the company and there is one percent chance for someone to know and reply.

Two other guest-boarders pose a query in reply to another boarder.

The guests are not interested to reveal their identity. Of them two are comments on the other guests and two are general remarks. One about sliding of the prices which is due to market conditions and no one can tell why there was a fall except with a tinge of their own imagination.

Two comments are slightly creating some irritation. The other boarders will simply ignore such comments and may not be tempted to reply with a thinking, why should we try to reply and get the unwanted comments,from unknown corners.
I try to reply even such queries if there is a genuine underlying interest of urgency and alertness required in that query.
In my opinion only you have to take steps that the guests reveal their identity so that replies can be addressed to them. I will be only happy if you are taking any steps in that direction.
V.Krishnamoorthy
...

To sureshkvl
If you are not in need of funds, keep this scrip to earn a 75% dividend p.a on the increased dividend. For the value your paid,you are to hold touble the number of shares. So you know the average price per share. If you get a CMP of 20 to 25 % more, sell one half of the holding. the cost of the balance shares will be reduced. You can keep it as long as you desire to have.
I am keeping these shares since 1974 public issue. I had no regret. Like FD you will get dividend every six months What else you require for an investment. An excellent management and regularly paing dividend.If you have the balace sheet see the growth of dividend paid.
the choice is for you to hold or sell. My advice is to hold for three years atleast.
v.krishnamoorthy...

Fri, Aug 29

US financial services giant Lehman Brothers is aggressively selling shares in several emerging markets including India in order to mitigate the losses it incurred in the world\'s largest economy in credit-related write downs. \"They have been heavily selling stocks in almost all emerging markets including India.

At present, it seems like they are liquidating their mid-cap portfolio in India,\" said a dealer working with a Mumbai-based institutional broking firm. However, Lehman Brothers did not reply to an e-mailed questionnaire sent to the company\'s Asia communication office.

According to bulk and block deals reported in the Bombay Stock Exchange, in a one-month period ending August 27, Lehman Brothers has sold shares worth Rs 542.5 crore. It has offloaded chunks of shares in companies like NIIT, Cranes Soft and Amtek Auto among others.

v.krishnamoorthy...

R Comm may post high rates today as the US signals are very good'

NEW YORK (Reuters) - U.S. stocks rallied on Thursday, led by major industrial and financial companies, as oil prices eased and data showed the economy grew more quickly than expected in the second quarter.

All three major indexes rose more than 1 percent after the government said strong export growth helped the gross domestic product -- a broad measure of economic activity -- expand at a 3.3 percent annual rate between April and June, above an initial estimate of 1.9 percent.

That lifted the fortunes of large industrial companies. Shares of Caterpillar, often described as an economic bellwether, rose more than 3 percent.

A brighter economic outlook coupled with a management shake-up at top U.S. mortgage finance company Fannie Mae boosted bank shares, which led the broader market's gains.

"Today's data on GDP was encouraging, and that is what investors really want to see: a tick up in the economy," Bruce Zaro, chief technical strategist at Delta Global Advisors in Boston.

v.krishnamoorthy...

U S sends positive signals for a rise in indian quotes today. Will HDFC Bank pose better?

NEW YORK (Reuters) - U.S. stocks rallied on Thursday, led by major industrial and financial companies, as oil prices eased and data showed the economy grew more quickly than expected in the second quarter.

All three major indexes rose more than 1 percent after the government said strong export growth helped the gross domestic product -- a broad measure of economic activity -- expand at a 3.3 percent annual rate between April and June, above an initial estimate of 1.9 percent.

That lifted the fortunes of large industrial companies. Shares of Caterpillar, often described as an economic bellwether, rose more than 3 percent.

A brighter economic outlook coupled with a management shake-up at top U.S. mortgage finance company Fannie Mae boosted bank shares, which led the broader market's gains.

"Today's data on GDP was encouraging, and that is what investors really want to see: a tick up in the economy," Bruce Zaro, chief technical strategist at Delta Global Advisors in Boston.

v.krishnamoorthy...

SBI may get a good signal to post high quotes today.

NEW YORK (Reuters) - U.S. stocks rallied on Thursday, led by major industrial and financial companies, as oil prices eased and data showed the economy grew more quickly than expected in the second quarter.

All three major indexes rose more than 1 percent after the government said strong export growth helped the gross domestic product -- a broad measure of economic activity -- expand at a 3.3 percent annual rate between April and June, above an initial estimate of 1.9 percent.

That lifted the fortunes of large industrial companies. Shares of Caterpillar, often described as an economic bellwether, rose more than 3 percent.

A brighter economic outlook coupled with a management shake-up at top U.S. mortgage finance company Fannie Mae boosted bank shares, which led the broader market's gains.

"Today's data on GDP was encouraging, and that is what investors really want to see: a tick up in the economy," Bruce Zaro, chief technical strategist at Delta Global Advisors in Boston.

v.krishnamoorthy...

Thanks for sharing your views on GAIL. I agree with your view point. ...

I agree.Rcom should make a decent upmove today....

I have written to karvy several times and they have not even bothered to reply. I don't know why such services run if they don't have basic courtesy to reply.I guess in India organisations and companies get away with anything and everything as the government is least bothered....

Mr. V. Krishnamoorthy, Your apprehension is understandable. Most of the companies declare about major points of interest to shareholders like payment of dividend, bonus authorisation etc. whilst informing the Exchanges, whereas, some companies do not declare all the points on the Agenda to the Exchanges and many times just mention the most common point on the Agenda i.e. payment of dividend. I hope Opto is one of them and when we receive the Annual Report we will find bonus authorisation as one of the points on the Agenda, after all, the reputation of the company is at stake. Opto has taken full advantage of provision of Companies Act to hold AGM within six months from year end and is holding the AGM on the very last day to save interest on dividend. Nothing wrong in that. It is giving dividend and bonus liberally so one should allow it that much freedom afterall it is saving on interest. Regarding book closure for payment of dividend it normally coincides with the AGM. Larsen AGM is to be held tomorrow i.e. 29/08/2008 and last date of b.c. also is 29/08/2008. The latest news is that Opto is going to consider raising funds for expansion and further aquisitions. This is good news in the long term perspective and if they come out with a rights issue the price will go up. It is a routine practice as laid down by the Companies Act to declare dividend, bonus etc. in the Board meeting held before the AGM and to get it approved by shareholders in AGM so hopefully on 01/10/2008 we shall get the declaration of bonus date being 31/10/2008. RFB ...

thank you mr krishnamoorthy for the date on tata cccp...

Dear Sir, Board meeting of TATA steel on 26/6 has recommended div.Has it been received by you,sir?What is the record date & please revert,sir. With Advance thanks,sgrsgr...

My repeated attempts to post a comment over the question under this news item was not successful. Qn: is it a growth scheme or become open ended ?. I feel all the memberes should write a letter to the company for the specific information either directly or through their DP. Or they post a letter to the editor of the news paper for onward transmission to the company. v.krishnamoorthy...