Ahmednagar Forgings

Buy/Sell

Posted by : Madineedi
Price when posted : BSE: Rs 28.80 ( -4.48 % ), NSE: Rs. 28.35 ( -8.25 % )

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My analysis about ahmednagar forging reaching 25-28 levels has been proven to be right. From purely technical perspective this company shares may reach 18-21 range in near time. A lot of negativity about forging sector and worst global financial crisis will take this company from these levels to 18-21 levels.

Exit and buy this company at 18-21 levels. I hate posting this technical analysis about this company as i hold shares of this company in my portfolio. ...

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Buy/Sell

Posted by : surenindya

While the whole world economy is looking weak, Ahmednagar Forge may still be a buy. It closed at 30.9 on wednesday,the 12th nov. As per scheme of amalgamagation 100 shares of Ahm For will get 56 of Amtek Auto Ltd. Amtek Auto`s closing price on wed was around 64.50. Thus AHM FOR 100*30.9= 3090/56 = 55.18/64.5 = 85.5 i.e. discount of 14.5% to be realised within a few months.
This seems enough safety margin for getting shares of a merged entity, already well established as Original Equipment Supplier to the leading companies. The economies, productivity, cost benefit and sales and service efficiencies will give the merged Amtek Auto a robust eps even in present times.
Some other discounts available are: (1) Morgan Stanley Growth fund selling at a discount of 5% to NAV, which will be redeemed in early Feb2009.(2) Another discont available is Tata Steel CCPS (traded on BSE), which is available at a discount of 9% to Tata Steel rate, and will become equity shares on 01Sep2009 i.e. 9 and a half months later.
Happy bargain hunting!

Buy/Sell

Posted by : surenindya
Price when posted : BSE: Rs 30.15 ( -4.44 % ), NSE: Rs. 30.90 ( -1.28 % )

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While the whole world economy is looking weak, Ahmednagar Forge may still be a buy. It closed at 30.9 on wednesday,the 12th nov. As per scheme of amalgamagation 100 shares of Ahm For will get 56 of Amtek Auto Ltd. Amtek Auto`s closing price on wed was around 64.50. Thus AHM FOR 100*30.9= 3090/56 = 55.18/64.5 = 85.5 i.e. discount of 14.5% to be realised within a few months.
This seems enough safety margin for getting shares of a merged entity, already well established as Original Equipment Supplier to the leading companies. The economies, productivity, cost benefit and sales and service efficiencies will give the merged Amtek Auto a robust eps even in present times.
Some other discounts available are: (1) Morgan Stanley Growth fund selling at a discount of 5% to NAV, which will be redeemed in early Feb2009.(2) Another discont available is Tata Steel CCPS (traded on BSE), which is available at a discount of 9% to Tata Steel rate, and will become equity shares on 01Sep2009 i.e. 9 and a half months later.
Happy bargain hunting!...

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Buy/Sell

Posted by : Madineedi

Extremely negative at this point of time. Whole pack of forgings is looking bleak. Short term it may touch 25-28 levels and in long term (1year to 3 years) it may touch 60-70 levels. After merger with amtek auto it may be the largest company in its sector. Good to hold but not at this point of time.

Exit right now and enter at much more value. Exit will be my call from the company. Technical`s very bad considering its spectacular fall from 110-101-88-34 levels.
If you want to go long try going for three years or so. It may fetch you a return. Volumes have dropped considerably. Also it is an Index stock which rises with index and this pattern also changed. Underperformer stock (exit exit exit).
Dump it unless you are very long three to four years or may be five.

Buy/Sell

Posted by : Madineedi
Price when posted : BSE: Rs 32.50 ( -5.52 % ), NSE: Rs. 33.00 ( -4.35 % )

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Extremely negative at this point of time. Whole pack of forgings is looking bleak. Short term it may touch 25-28 levels and in long term (1year to 3 years) it may touch 60-70 levels. After merger with amtek auto it may be the largest company in its sector. Good to hold but not at this point of time.

Exit right now and enter at much more value. Exit will be my call from the company. Technical`s very bad considering its spectacular fall from 110-101-88-34 levels.
If you want to go long try going for three years or so. It may fetch you a return. Volumes have dropped considerably. Also it is an Index stock which rises with index and this pattern also changed. Underperformer stock (exit exit exit).
Dump it unless you are very long three to four years or may be five. ...

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Buy/Sell

Posted by : wizinvestor

What is the out look for this company. I bought it @ 43.Where do you see it going in short term or long term. should I still buy to average it out or hold on.

Buy/Sell

Posted by : wizinvestor
Price when posted : BSE: Rs 34.40 ( 4.24 % ), NSE: Rs. 34.50 ( 1.47 % )

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What is the out look for this company. I bought it @ 43.Where do you see it going in short term or long term. should I still buy to average it out or hold on....

BSE Announcements on Ahmednagar Forg

Posted by : MMB Messenger
Price when posted : [Ahmednagar Forg - BSE:Rs. 31.10 NSE:Rs. 31.15 when posted]

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Ahmednagar Forgings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2008, has appointed Mr. Sowmya Narayanan Rajgopalan as Whole Time Director of the Company in place of Mr. Ashwini Kumar Syal who has resigned from the position of Managing Director and the Board has accepted the resignation.

The Board also appointed Mr. Vivek Agarwal as additional director on the Board with immediate effect....

BSE Announcements on Ahmednagar Forg

Posted by : MMB Messenger
Price when posted : [Ahmednagar Forg - BSE:Rs. 31.10 NSE:Rs. 31.15 when posted]

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Ahmednagar Forgings Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008....

NSE Announcements on Ahmednagar Forg

Posted by : MMB Messenger
Price when posted : [Ahmednagar Forg - BSE:Rs. 31.25 NSE:Rs. 31.75 when posted]

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Ahmednagar Forgings Ltd has informed the Exchange that Board of Director in their meeting held on October 25, 2008 has appointed Mr Sowmya Narayanan Rajgopalan as Whole Time Director of the Company in place of Mr. Ashwini Kumar Syal who has resigned from the position of Managing Director and the Board has accepted his resignation. The Board also appointed Mr. Vivek Agarwal as additional director on the Board with immediate effect....