Larsen and Toubro

LOOT SAKO TO LOOT LO.

Posted by : panasonic

fair price shop now open in NSE & BSE, The shop name is "loot mart" Stocks at 52 week low
Reliance Industries
Sterlite
HDIL
DLFUnitech
Suzlon
ICICI Bank
L&T
Satyam
Infosys
TCS
Wipro
Tata Motors.

Advice pls I am bit anxious n distressed

Posted by : tunga

Once the amount is paid and the money for the share is recovered from the account of the share holder then the process is on. The particular share will be under transit. The company collects all information and issue share. These bonus shares will be in the pool account. There may be thousands of shares in the pool account. The concerned broker in this particular case ICICIDIRECT has to sort this out and issue the bonus shares to the individuals. Here ICICIDIRECT is the broker cum Banker for the share holders.

Regarding ICICIDIRECT all the calls made to them in this regard might not have been answered by the Bank officials. Most of these banks outsource such services and person sitting on the desk may not be that competent to answer these questions. The bonus issue will be known very soon and if there is discrepancies can be taken up even at later stages.

In this recent rally the most hit bank share is ICICI and customers also feel unsafe as such I feel they will be more polite handling such disputes

Advice pls I am bit anxious n distressed

Posted by : adaljaarun

as per exchanges settlement cycle whatever purchases are made on 29th and 30 sept credit of shares will be made on 3rd oct and it is a full proof arrangement no one can deny about it however by chance if short delivery comes then in this case closeout method is to be followed so you will get back entire money with some addtional money due to closeout exchanges transfer shares to broker account and borker transfers shares to client s account on the same day if payment is made for the same however in your case shares may be lying in their account and they are telling lie about the same sometimes broker says that you are eligible for bonus but due to time factor we will you this shares with bonus shares generally this of system is followed in both the exchanges do not panic if you do not get you can fight out in many ways with the help of exchange sebi etc.

Advice pls I am bit anxious n distressed

Posted by : libran.

Thankyou everyone and Tunga for your overwhelming replies to my query. I am experienced myself and has been following markets for a long period of time, its just I had a serious accident few months ago and I am bed ridden these days. I was very confident myself that I would get shares as I bought them cum bonus, what actually triggered a frustration and anxiety was ICICI Securities Senior officer calling me by and saying I will not get shares as they would be credited into my account bot before 4 th OCtober and record date is 3rd, I tried to explain him I have a right to get shares as it is not record date but ex date which matters, he tried to prove me wrong and said I can take up this with anyone higher authorities I would like to, I guess these ICICI people are morons, I wonder if they can create a mess with me who at least have some sense of settlement and market, what would they be doing with people who have very innocent. Wish you all a very happy investing and may we all recover all our losses and make some money too. god bless us all.

Advice pls I am bit anxious n distressed

Posted by : libran.

Thankyou everyone and Tunga for your overwhelming replies to my query. I am experienced myself and has been following markets for a long period of time, its just I had a serious accident few months ago and I am bed ridden these days. I was very confident myself that I would get shares as I bought them cum bonus, what actually triggered a frustration and anxiety was ICICI Securities Senior officer calling me by and saying I will not get shares as they would be credited into my account bot before 4 th OCtober and record date is 3rd, I tried to explain him I have a right to get shares as it is not record date but ex date which matters, he tried to prove me wrong and said I can take up this with anyone higher authorities I would like to, I guess these ICICI people are morons, I wonder if they can create a mess with me who at least have some sense of settlement and market, what would they be doing with people who have very innocent. Wish you all a very happy investing and may we all recover all our losses and make some money too. god bless us all.

Advice pls I am bit anxious n distressed

Posted by : tunga

Hello Mr. libran.
As per your letter the shares are purchased on 29Th September and the rate was for pre bonus this was even until 30Th September 2008. ICICI DIRECT collected money from your account for 200nos of L&T shares at Rs 2340 each plus Brokerage, service charges etc....
Now you might have 200 nos of shares in your Demat account. Did you observe when this is credited to your account? 29Th being Monday and 3rd October is 4Th working day (excluding October 2 national holiday) and also Friday your account must have been credited with 200 shares.

I have seen sometimes these ICICI DIRECT never credit the shares on time to the account. Recently I purchased some L&T shares. I could see the shares in security projections for some time but one day it just disappeared and could not find in Demat account, under allocations, even in Security projection .The Cash projections was squared up. I found these shares under allocation after 2 days.
They don`t respond properly. They respond only for written complaint.
I think you are eligible and also should get the bonus shares to your account when it is allotted by the company. Please wait till 14Th October and then take action if it is not credited. I understand the shares are going to be credited on 13Th Monday.
Please keep all your documents for further action in case it is not credited.

Advice pls I am bit anxious n distressed

Posted by : libran.

Hello! My fellow learned boarders. Although, I did had a communication with marketman in the morning about if I would get bonus shares are not and marketman here on the board did confirm me yes, but before quering on this board I had called ICICI Direct and talked with an executive there, since he was also not sure he said he will get to me and I got a call later from manager of ICICI Direct Hyderabad team(bankers), that I wont be getting shares as shares will finally show in my demat account on o4 October. It started like this I bought 200 Larsen share on 29 sep at about 2340 per share. I was totally ignorant about it being ex bonus today, yesterday being bank settlement holiday share would show in my account on o4 october instead of 3rd october because one extra day in between as banks were closed. Now I am so distresed as to why ICICI says I wont get bonus shares. Isnt it that if transaction has been done before ex bonus date sufficent to prove you hold the shares? Why are people of ICICI bank saying that since shares would show in my account on 04 october and record date is 3rd october I will not get any bonus shares, does this mean a straight loss of 2.4 lac... please give your sensible advice as I am in panic..help me please... warm regards and thanks in advance

Advice pls I am bit anxious n distressed

Posted by : libran.

Hello! My fellow learned boarders. Although, I did had a communication with marketman in the morning about if I would get bonus shares are not and marketman here on the board did confirm me yes, but before quering on this board I had called ICICI Direct and talked with an executive there, since he was also not sure he said he will get to me and I got a call later from manager of ICICI Direct Hyderabad team(bankers), that I wont be getting shares as shares will finally show in my demat account on o4 October. It started like this I bought 200 Larsen share on 29 sep at about 2340 per share. I was totally ignorant about it being ex bonus today, yesterday being bank settlement holiday share would show in my account on o4 october instead of 3rd october because one extra day in between as banks were closed. Now I am so distresed as to why ICICI says I wont get bonus shares. Isnt it that if transaction has been done before ex bonus date sufficent to prove you hold the shares? Why are people of ICICI bank saying that since shares would show in my account on 04 october and record date is 3rd october I will not get any bonus shares, does this mean a straight loss of 2.4 lac... please give your sensible advice as I am in panic..help me please... warm regards and thanks in advance

Advice pls I am bit anxious n distressed

Posted by : libran.

Hi prashant, thanks for your concern. I have not yet recieved my bonus shares, I just want to ask other share holders if bonus shares have been credited to there accounts or not... warm regards and god bless everyone.

dear du stock

Posted by : BHARAT BAJAJ

i m holding larsen 10@2370 since 29th and have not rcvd any bonus. pls advice me that i should hold or sell....what is the near term target.........when will i get bonus in my demat a/c.thanks
bharat bajaj.