Cairn India

Exit Cairn India, says D Mehta

Posted by : Guest

its all gamble.. u will get it again at rs. 200-210

Exit Cairn India, says D Mehta

Posted by : Guest

I bought cairn at 220 no way i am going to exit this stock even if crude comes down. I know i may not get another oppurtunity to buy again. Dont exit cairn.

Exit Cairn India, says D Mehta

Posted by : MMB Messenger

Dipan Mehta, Member, BSE/NSE is of the view that one can exit Cairn India.

Kalwani: Crude price will go to 0pb

Posted by : readarticle

Look it in a diff way. This is the power of Multinational comp. Even Oil dropping below 120/bbl the stock has maintained its support level.
With Indian comp, it would have dropped below 200 by now..

This shows the power of the stock.

Kalwani: Crude price will go to 0pb

Posted by : g_kalwani

11-08-2008 present decline in prices is
only routine/nominal fluctuation; Arabs
know that crude can fetch high prices
and will cut production if the prices
fall in order to bring up the prices. So remain invested despite ups/downs

Multibagger from Pantaloon&Phoenix Group

Posted by : valuepick

Galaxy Entertainment Corporation (BSE Code-506186),the joint venture between Pantaloon (Future) Group and Ruia`s of Phoenix Mill ,is a potential multibagger from the Entertainment Sector.This company is currently trading around Rs.50/-where its all time high is above Rs.400/-.Galaxy is operating mainly in three divisions- Food and leisure,Entertainment and Banqueting.Under the Food and Leisure Division, it is running Sports Bar(1 centre),Sports Bar express ( Eleven Centres),The Brew Bar (1 Centre)and Rain Fruits and More. In the entertainment sector it is running -The Bowling Company (Two Centres),F 123 (Ninteen Centres (19)).Till last year Promoters are not paying much attention to this co.But now things are changing with the new appointment of Mr Shashi Kalathil(Former CEO of Neo Sports and Former Executive VP of Pepsico India)and Ranjith Rajasekharan (Ex-Pepsico).Now Company is aggressively expanding.They are going to launch Four Sportsbar Express Centers very shortly one each in Noida ,Gurgaon,Pune and Bangalore.Considering the background of Promoters ,Potential of the industry ,Improving financials and new initiatives taken by the management ,Galaxy is a potential multibagger with very limited downside risk at current market price.More details about this company is available from their new website- w ww dot galaxyentt dot com.

CAIRN INDIA - Target -Aug end- ????

Posted by : Guest

Following is an extract fm capital market site:

Cairn India tumbles

Cairn India slipped 5.15% to Rs 232.90 at 15:30 IST on BSE on reports the government could impose a special tax on oil firms\\` incremental revenues beyond per barrel as part of the subsidy-sharing regime of the oil sector.


Meanwhile, the BSE Sensex was up 50.57 points, or 0.33%, at 15167.82.

On BSE, 21.19 lakh shares were traded in the counter. The scrip had an average daily volume of 31.95 lakh shares in the past one quarter.

The stock hit a high of Rs 249.25 and a low of Rs 231 so far during the day. The stock had a 52-week high of Rs 342.50 on 21 May 2008 and a 52-week low of Rs 134.60 on 17 August 2007.

The scrip had underperformed the market over the past one month till 7 August 2008, rising 3.30% compared to the Sensex’s 11.76% gain. It had, however, outperformed the market in the past one quarter, falling 11.82% compared to Sensex’s 12.82% fall.

The large-cap private sector oil explorer has an equity capital of Rs 1894.43 crore. Face value per share is Rs 10.

According to reports, while public sector oil companies like ONGC and Oil India (OIL) will take a larger share of the subsidy bill by contributing all revenues beyond a barrel to the central exchequer, private oil producers will only have to fork out 50% of their incremental earnings to the government.

Coined as a special oil tax, the committee report seeks to replace the current subsidy sharing system which is both adhoc and non-transparent.

The special tax will be applicable to all companies that produce oil from blocks that were given on a nomination basis before the New Exploration Licensing Policy (NELP), the reports added.

Cairn India reported a net loss of Rs 46.68 crore in Q2 June 2008 against net loss of Rs Rs 7.57 crore in Q2 June 2007. Sales rose 169.4% to Rs 0.97 crore in Q2 June 2008 over Q2 June 2007.

Cairn India explores and produces crude oil and natural gas in India.