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Hindalco Industries
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Weak undertone
Posted by :
vkk43Tracked by: 0 Boarder
Yes u r right. Fundamentally, it is a good company but the present market conditions are such that it would take time to recover. Of course, it may take 1-2 years time to recover if u can hold. Present weakness in the market is likely to continue for quite a while and as metal sector has become totally weak, further weakness in this share will continue. Thanks....
In reply to:
Weak undertone
Posted by : ar_akm
Hi vkk43, , Fundamentally Hindalco share is not in negative side, but market sentiments are so down. If we review the other companies right issues all are down (Tata motors, Tata steel) World market is also not positive. Metal shares have effected by LSE also? Keeping in view such circumstance, will hindalco not cover after one OR one and half years? 
Weak undertone
Posted by : ar_akmTracked by: 0 Boarder
Hi vkk43, , Fundamentally Hindalco share is not in negative side, but market sentiments are so down. If we review the other companies right issues all are down (Tata motors, Tata steel) World market is also not positive. Metal shares have effected by LSE also? Keeping in view such circumstance, will hindalco not cover after one OR one and half years?...
In reply to:
Weak undertone
Posted by : vkk43
It can come down to 60/- as I can see. Fresh selling will also emerge once the right shares are allotted and credited in demat accounts as at that time shareholders would like to book their losses in case of right shares as well.
Weak undertone
Posted by : vkk43Tracked by: 0 Boarder
It can come down to 60/- as I can see. Fresh selling will also emerge once the right shares are allotted and credited in demat accounts as at that time shareholders would like to book their losses in case of right shares as well. ...
In reply to:
Weak undertone
Posted by : ar_akm
Hi vkk43, expected downward target of Hindalco?
Weak undertone
Posted by : ar_akmTracked by: 0 Boarder
Hi vkk43, expected downward target of Hindalco?...
In reply to:
Weak undertone
Posted by : vkk43
The undertone of the share is distinctly weak and it may make a new low. If in a rally it goes around 97/98, above is right issue price, profit should be booked.
My target
Posted by :
vkeykeyTracked by: 0 Boarder
This share target for investment is 60/- by December...
Weak undertone
Posted by : vkk43Tracked by: 0 Boarder
The undertone of the share is distinctly weak and it may make a new low. If in a rally it goes around 97/98, above is right issue price, profit should be booked....
Right issue only to increse promotor holding
Posted by :
chaniTracked by: 0 Boarder
Negative Candidate -Short term, Oct 14, 2008 Analysis Explanation
HINDALCO has broken the falling trend down. This signals an even stronger falling rate. The stock has resistance at rupee 98.00. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically negative for the short term.
chani...
In reply to:
Right issue only to increse promotor holding
Posted by : PRABHU_DEVA
this right issue was delibratly timed in this bear market in the total bull run they never thought of right issue.
the issue price of 97 is much lower then 120/- rs of four to five year back.
asking for all the money at once is also strange where as earlier they had taken in parts
the share rates were delebratly kept below the 97/- rate to allote maximum share to themselfs.
sold future in the future market and earned huge money throgh it and after one or two months expiry they will again jack up the price
NSE Announcements on Hindalco
Posted by : vkk43Tracked by: 0 Boarder
It was very much expected....
In reply to:
NSE Announcements on Hindalco
Posted by : MMB Messenger
Hindalco Industries Ltd. has informed the Exchange that "This has reference to the allotment of 8 Crore Warrants made by us on April 11, 2007 on a preferential basis to IGH Holdings Private Limited in pursuance of the approval accorded by the Members of the Company at the EGM held on February 25, 2007 and in respect of which in principle approval was granted by the Stock Exchanges. The holder of each warrant was entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs.173.87 per share. The Company had received Rs.17.387 against each Warrant on 10/04/2008. As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holder can exercise the right for conversion of Warrant into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from 11/04/2007 by paying the balance amount. Please note that IGH Holdings Private Limited has not exercised its right for conversion of the Warrants into shares within the time stipulated under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed".
NSE Announcements on Hindalco
Posted by : MMB MessengerTracked by: 0 Boarder
Hindalco Industries Ltd. has informed the Exchange that "This has reference to the allotment of 8 Crore Warrants made by us on April 11, 2007 on a preferential basis to IGH Holdings Private Limited in pursuance of the approval accorded by the Members of the Company at the EGM held on February 25, 2007 and in respect of which in principle approval was granted by the Stock Exchanges. The holder of each warrant was entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs.173.87 per share. The Company had received Rs.17.387 against each Warrant on 10/04/2008. As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holder can exercise the right for conversion of Warrant into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from 11/04/2007 by paying the balance amount. Please note that IGH Holdings Private Limited has not exercised its right for conversion of the Warrants into shares within the time stipulated under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed". ...
BSE Announcements on Hindalco
Posted by : MMB MessengerTracked by: 0 Boarder
Hindalco Industries Ltd has informed BSE that with reference to the allotment of 8 Crore Warrants made by the Company on April 11, 2007 on a preferential basis to IGH Holdings Pvt. Ltd in pursuance of the approval accorded by the Members of the Company at the EGM held on February 25, 2007 and in respect of which in principle approval was granted by the Stock Exchanges. The holder of each warrant was entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs 173.87 per share. The Company had received Rs 17.387 against each Warrant on April 10, 2008.
As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holder can exercise the right for conversion of Warrant into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from April 11, 2007 by paying the balance amount.
Further note that IGH Holdings Pvt. Ltd has not exercised its right for conversion of the Warrants into shares within the time stipulated under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed....
Right issue only to increse promotor holding
Posted by : shrenikbothraTracked by: 0 Boarder
With all due respect to what you have to write - I BEG TO DIFFER.
Sorry but thats the truth.
...
In reply to:
Right issue only to increse promotor holding
Posted by : jdosvd
Stock has moved up and is steady as Underwriters have to take up a HUGE quantity of shares which would lead to sizeable losses and possible sent these Underwriters to the Undertaker.However the Promoters have no alternative but to keep the price steady to encourage/request/persuade the Underwriters to honor their committments.
Again a good chance to exit as later on stock should keep on declining on lack of buying support.I mantain my target of 45-65 on the stock which should materialize after the Quarterly results are declared.
Right issue only to increse promotor holding
Posted by : jdosvdTracked by: 0 Boarder
Stock has moved up and is steady as Underwriters have to take up a HUGE quantity of shares which would lead to sizeable losses and possible sent these Underwriters to the Undertaker.However the Promoters have no alternative but to keep the price steady to encourage/request/persuade the Underwriters to honor their committments.
Again a good chance to exit as later on stock should keep on declining on lack of buying support.I mantain my target of 45-65 on the stock which should materialize after the Quarterly results are declared....
In reply to:
Right issue only to increse promotor holding
Posted by : shrenikbothra
Its been almost 36 hrs since the rights issue closed down and the management is yet to confirm (either on their website or at bse or nse) whether the issue has been fully subscibed or not - all the print media has been stating that the issue has been undersubscribed and hence should get dissolved - this will result in the scrip opening gap down - but i have a feeling that the promoters would try and garner what they can from the open market because of this artifically built sentiment - according to me i think the promoters shud come out with a statement only on tuesday stating that the issue has been fully subscibed - this should in turn boost the sentiment in the scrip and should give 10-15% return in the short term -
in short - Mr.Prabhu Deva don`t keep your SHORT positions OPEN for too long `cause it won`t be surprised that you may loose everything you earned -
Try and catch whatever you can tomm morning - and just sit tight - the investments would do wonders in the years to come . TRUST ME.
Right issue only to increse promotor holding
Posted by : PRABHU_DEVATracked by: 0 Boarder
I never play short in any script and at least when the market is down at four year lowest i am not fool to short any thing but rather then applying in right issue i purchased it throgh market at 86 rs
...
In reply to:
Right issue only to increse promotor holding
Posted by : shrenikbothra
Its been almost 36 hrs since the rights issue closed down and the management is yet to confirm (either on their website or at bse or nse) whether the issue has been fully subscibed or not - all the print media has been stating that the issue has been undersubscribed and hence should get dissolved - this will result in the scrip opening gap down - but i have a feeling that the promoters would try and garner what they can from the open market because of this artifically built sentiment - according to me i think the promoters shud come out with a statement only on tuesday stating that the issue has been fully subscibed - this should in turn boost the sentiment in the scrip and should give 10-15% return in the short term -
in short - Mr.Prabhu Deva don`t keep your SHORT positions OPEN for too long `cause it won`t be surprised that you may loose everything you earned -
Try and catch whatever you can tomm morning - and just sit tight - the investments would do wonders in the years to come . TRUST ME.
Right issue only to increse promotor holding
Posted by : shrenikbothraTracked by: 0 Boarder
One more thing that i wanted to share is - remember the promoters have lost 18/- earlier by subscribing to the warrants priced at 170-180/- . Now they are subscribing to the rights issue @ 96/- so their cost would come out to 114/- or so - but don`t forget they are buying from open market as well but not to the extent of what they got in rights issue - so even if we take the 5% limit for open market purchases their cost should come any where near 108-110 levels which is 25% higher than what the CMP is quoting.
So be sure to see the share price of this company anywhere near 110-115 levels once the market sentiments improve -
The promoters holding after the rights issue and from open market purchases would increase to 48-49%.
The company is sitting on 9000 crores of liquid treasury bills(which is equal to cash) and by fridays closing price the whole company is available for 14+K crores. STRANGE BUT TRUE.
So guys don`t be SHORT in it - and enjoy the ride(whenever it starts)
...
In reply to:
Right issue only to increse promotor holding
Posted by : shrenikbothra
Its been almost 36 hrs since the rights issue closed down and the management is yet to confirm (either on their website or at bse or nse) whether the issue has been fully subscibed or not - all the print media has been stating that the issue has been undersubscribed and hence should get dissolved - this will result in the scrip opening gap down - but i have a feeling that the promoters would try and garner what they can from the open market because of this artifically built sentiment - according to me i think the promoters shud come out with a statement only on tuesday stating that the issue has been fully subscibed - this should in turn boost the sentiment in the scrip and should give 10-15% return in the short term -
in short - Mr.Prabhu Deva don`t keep your SHORT positions OPEN for too long `cause it won`t be surprised that you may loose everything you earned -
Try and catch whatever you can tomm morning - and just sit tight - the investments would do wonders in the years to come . TRUST ME.
Right issue only to increse promotor holding
Posted by : shrenikbothraTracked by: 0 Boarder
Its been almost 36 hrs since the rights issue closed down and the management is yet to confirm (either on their website or at bse or nse) whether the issue has been fully subscibed or not - all the print media has been stating that the issue has been undersubscribed and hence should get dissolved - this will result in the scrip opening gap down - but i have a feeling that the promoters would try and garner what they can from the open market because of this artifically built sentiment - according to me i think the promoters shud come out with a statement only on tuesday stating that the issue has been fully subscibed - this should in turn boost the sentiment in the scrip and should give 10-15% return in the short term -
in short - Mr.Prabhu Deva don`t keep your SHORT positions OPEN for too long `cause it won`t be surprised that you may loose everything you earned -
Try and catch whatever you can tomm morning - and just sit tight - the investments would do wonders in the years to come . TRUST ME.
...
In reply to:
Right issue only to increse promotor holding
Posted by : PRABHU_DEVA
this right issue was delibratly timed in this bear market in the total bull run they never thought of right issue.
the issue price of 97 is much lower then 120/- rs of four to five year back.
asking for all the money at once is also strange where as earlier they had taken in parts
the share rates were delebratly kept below the 97/- rate to allote maximum share to themselfs.
sold future in the future market and earned huge money throgh it and after one or two months expiry they will again jack up the price
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