A group with obsolutely no culture and does not bother of investors or wealth creation. mediocre Management style,only hope for investors is a take over of their cement business by some major group like reliance...

MRPL is being beaten down for some reasons for all one knows, things has been so good for the company like abolishen of duties and levies for ATF fuel , MRPL is one of the largest supplier of avaition fuel in India, further if one were to dig into the imports of crude for refining which has come into Mangalore port then the picture one gets is that MRPL should be having a book full of orders and sales are likely to be s record this quarter...

The scrip is likely to see a bottom of Rs.100 or so in a weeks time feom now, Management`s motives are not very positive snd favourable for business currently...

Sell Rain commodities and switch to Madras cement, India cements or even ambuja cements for long term ...

One had been hearing of the stake sale for the last one year or so, nothing had happened so far and neither is it going to happen as long as the Govt masters represented from commerce & Finance ministries agree,Plenty of vested interest on play
The volume of the scrip traded continues as usual however very high on the sensex, indicating that this is meant only for trading and not a investors stock option...

Hi boldy, Congratulation!!!! You have been picked as the boarder of the day by our team.… enjoy your day in the spotlight. -MMB Moderator ...

Nothing is favourable for business now, and especially for the steel sector. When you say management`s motives - are you talking about the 20% reduction or the new plant in WB or something else ?...

The fall is sure. But I doubt it will be so fast. Last time it took support at Rs 171. This time more bad news has come and it may go lower still. Presently its P/E is double than Tata Steel which seems to be a better choice if some investor wants steel stock. ...

Thanks for your views....

Citi has estimated decline in HRC prices by 39% in 2009 . HRC is main product of JSW. Effect of 39% reduction in HRC prices on JSW GP and NP may be bringing JSW back to square from where it had started i.e. once again on doors of CDR. Steel demand world over is declining with non availability of credit. Similar conditions will be there for Bhushan as well.It is better to take exit from steel at this stage and to wait for further downfall of 30 to 40 % to enter again after 9 to 12 months. ...

Dear boldy, True, but remember IFCI has no other option than stake sale only it is waiting for OCDs approval by Govt. (that i think they may get soon as UCO bank has already got some reforms done by the GOI last week) and also IFCI and Govt too wants the atmosphere to be more conducive. harish sharma...

You want specific authentic proof,than please check balance sheets of the year 2005-6,2006-7, and check with CDR exercise provisions made by the company besides writeoffs by institutions like IDBI,IFCI,LIC etc.Also check history of company namely Jindal Vijaynagar Steel Ltd. for Equity writeoff. As regards to institutional finance ,I have made my point very clear as far as domestic FI`s are concerned.Be happy with your Karvy report..As I understand Karvy is extending various services to Jindal group.The report itself requires authentication....