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Swaraj Mazda
BSE Announcements on Swaraj Mazda
Posted by :
MMB MessengerTracked by: 0 Boarder
With reference to the news item appearing in a leading financial daily titled "Swaraj Mazda : Surges on stake-sale buzz", Swaraj Mazda Ltd has clarified to BSE that the Company is totally unaware of the contents of the news item under reference....
NSE Announcements on Swaraj Mazda
Posted by : MMB MessengerTracked by: 0 Boarder
News Verification : The media had reports that Mahindra & Mahindra (M&M) controlled punjab tractors may sell its 14.04% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Swaraj Mazda Ltd has vide its letter inter-alia stated,"We categorically state that we are totally unaware of the contents of the news item under reference."...
Swaraj Mazda - Good days ahead.
Posted by :
shareviewsTracked by: 0 Boarder
Stake sale and the merger news gave a good momentum for this stock today and looks like the stock is likely to give better gains in due course....
BSE Announcements on Swaraj Mazda
Posted by : MMB MessengerTracked by: 0 Boarder
Swaraj Mazda Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008....
Swaraj Mazda
Posted by : zoombusinessTracked by: 0 Boarder
Swaraj Mazda gallops on stake sale buzz .
Swaraj Mazda jumped 15.02% to Rs 299 on BSE on reports Mahindra & Mahindra is likely to sell its 14.04% stake in the Punjab-based light commercial vehicle manufacturer
On BSE, 3308 shares of the scrip were traded. The stock had an average daily volume of 443 shares on BSE in past one quarter.
The scrip had touched a high of Rs 300 and a low of Rs 235 so far during the day. The stock had hit a 52-week high of Rs 395 on 15 January 2008 and a 52-week low of Rs 200 on 2 September 2008.
The small-cap company underperformed the market over the past one month till 2 September 2008, sliding 7.62% as compared to the Sensex’s return of 2.68%. It had also underperformed the market in the past one quarter, declining 15.09% as compared to the Sensex’s decline of 6.31%.
India\'s fifth largest commercial vehicle manufacturer by sales has an equity capital of Rs 10.50 crore. Face value per share is Rs 10.
At the current price of Rs 299, the scrip trades at a PE multiple of 12.86, based on Q1 June 2008 annualised EPS of Rs 23.24.
As per reports, Mahindra & Mahindra\'s plans to sell its 14.04% stake in Swaraj Mazda post its recent plan to merge Punjab Tractors (PTL) with itself.
Swaraj Mazda (SML) is a joint venture between Japan\'s Sumitomo Corporation and Mahindra & Mahindra-controlled Punjab Tractors. The Sumitomo Corporation is the largest shareholder in SML with 39.49% stake, while Mahindra & Mahindra holds holds 14.04% in the company, through Punjab Tractors (as at end June 2008).
Net profit of Swaraj Mazda rose 1.70% to Rs 6.10 crore on 6.30% rise in net sales to Rs 162.70 crore in Q1 June 2008 over Q1 June 2007.
Swaraj Mazda makes light commercial vehicles (LCVs).
-CM
...
a good investment ***
Posted by :
radianceTracked by: 0 Boarder
a correction wrt my message, where the figure should be 258 & not 158.....
today sml is set to break the upper limit of 20%, having already regd. an high of 300.....on 2/9, i think it had been driven down to a low of 200 to give a wrong view of its price trend ^^^^...
In reply to:
a good investment ***
Posted by : radiance
a good investment is available in sml, which has given consistent good results....at 158 or less it's good for short to medium..... 
NSE Announcements on Swaraj Mazda
Posted by : MMB MessengerTracked by: 0 Boarder
Swaraj Mazda Ltd has submitted to the Exchange Abstract and Memorandum u/s 302 of the Companies Act, 1956 in respect of revision in the remuneration package of Mr. Yash Mahajan, Managing Director. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NSE Announcements on Swaraj Mazda
Posted by : MMB MessengerTracked by: 0 Boarder
Swaraj Mazda Ltd has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
a good investment ***
Posted by : radianceTracked by: 0 Boarder
a good investment is available in sml, which has given consistent good results....at 158 or less it's good for short to medium........
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