Though current order book is around $3.1 billion; margins may come under pressure (per day machinery lending rates) as demand for crude oil (may be artificially) came down.

It will affect all stocks related to Oil exploration business. But sure -future is bright.

Take the best decision....

Solution on it is "Play the Range". See for next 2 / 3 months it could go up to Rs.65 / Rs.75 (as it will remain around or below its right issue price) & in down side Rs.55 or as per your prediction Rs.40/-.

Sell at high & buy at lows. You will get chance to play like this at least 3 to 5 times in coming days. It will fetch 20% to 25% cash back into your pocket without investing fresh cash.

No doubt it’s risky & easy to say but it can be done if you are proficient trader.

Take the best decisions....

Literally speaking, I don`t know the intensity of speculative positions that are building around. Whenever selling from all speculators will come then because of buyers shortage, in single trading session, it can burst like nothing. [Examples IFCI (@ 110/-), DLF (@ 600/-), LIC (@ 410/-), and many more.]

Even though it is Tata group company; we should not forget that this is loss making wound for Tata`s.

Take the best decisions....

Hi jaiaditya,

If possible, invest another Rs.38,000 @ 54 / 55. You will get around 700 shares.

Your average price will come down to Rs.137/-. JP Associate can come earlier at Rs.137/- than Rs.280/-.

Take the best decisions....

At 11:00 IST, the BSE Oil & Gas index was down 3.87% at 5,294.32. It underperformed the Sensex, which fell 3.80% at 8,440.53.

Private sector oil refiners Reliance Industries, Essar Oil slipped by 4.24% to 5.04%. Private sector offshore service provider Aban Offshore fell 5.60%.

Oil exploration firms Cairn India and ONGC fell 3.98% and 2.69% respectively as slide in oil could dent profits on account of lower realizations.

State-run oil marketing companies Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation fell by 1.97% to 3.01% as the rupee opened at a record low of 50.50 per dollar today, 20 November 2008, as a sharp fall in Asian share prices raised worries of foreigners selling local equity holdings. A weaker rupee raises the cost of oil imports.

Crude oil on Wednesday, 19 November 2008, fell to its lowest settlement since late January 2007 as investors expect a sharp slowdown in demand for a commodity that just in July this year hit a record high at about $147 a barrel.


Source: Capital Market...

Earlier this year, some media reports had suggested Citigroup was considering selling its stake in Housing Development Finance Corporation (HDFC) as part of a plan to dispose of assets worth $400 billion to shore up its capital after losses piled up from subprime mortgages and other risky debt.

Currently Citigroup holds 11.74% stake in HDFC. Post the sub-prime crisis, rumours have abound about Citi selling off its stake in HDFC.

Based on the current market price, the HDFC stake could be worth around Rs 4241 crore. Citigroup bought less than 10% of HDFC in mid 2006 for about Rs 2900 crore and subsequently added to its stake.

HDFC`s net profit fell 17.4% to Rs 534.23 crore on a 18.8% rise in sales to Rs 2620.59 crore in Q2 September 2008 over Q2 September 2007.

Source: Capital Market...

Shetron (down 13.68%), Educomp Solution (down 11.18%), Tanla Solutions (down 6.05%), Fedders Lloyd (down 5.66%), Himadri Chemicals & Industries (down 5%), K S Oils (down 3.14%), Spentex Industries (down 1.93%), Zenith Computers (down 1.68%), and Elder Pharma (down 0.42%), declined sharply.

Citigroup`s stake in these companies range between 5.48% to 27%.

Citigroup tumbled to a 13-year low in the US market on Wednesday, 19 November 2008, as investors questioned survival prospects on concerns about mounting losses from credit cards, mortgages and toxic debt. Tuesday`s decline came a day after Citi`s chief executive Vikram Pandit announced it will eliminate 52,000 of Citigroup`s work force.

Citigroup is reported to have lost $20.3 billion in the financial crisis the last year.

(Source: Capital Market)...

Your strategy is correct. Buy low and sell high. By this way one can get minimum 10-15% return easily from its fluctuation....

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