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vinay28
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Joined: 24 Dec 2010
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Post: #4636  Posted: Mon Aug 11, 2014 12:13 pm Post subject: |
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| ragarwal wrote: | | hi vinay!regarding adani, should i book part at 490 or wait for 600 in view of the results declared? |
Rashmi, I am thinking of booking fully but not sure. Even if I do, I will have to buy again if it doesn't go down later and instead closes above 508. |
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rameshraja
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Joined: 24 Nov 2006
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| Post: #4637 Posted: Mon Aug 11, 2014 12:45 pm Post subject: |
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Hello Mr Vinay
I hope you recovered completely from your back pain.. Take care..
Look at R Com and SSLT.. both looks like falling..
C T RAMESH RAJA |
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ragarwal
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Joined: 16 Nov 2008
Posts: 582
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| Post: #4638 Posted: Mon Aug 11, 2014 12:51 pm Post subject: |
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| thnx vinay |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #4639 Posted: Mon Aug 11, 2014 1:27 pm Post subject: |
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| rameshraja wrote: | Hello Mr Vinay
I hope you recovered completely from your back pain.. Take care..
Look at R Com and SSLT.. both looks like falling..
C T RAMESH RAJA |
RR sir, may we have your views and levels for Nifty and Bank Nifty please |
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vinay28
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| Post: #4640 Posted: Mon Aug 11, 2014 1:30 pm Post subject: |
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| rameshraja wrote: | Hello Mr Vinay
I hope you recovered completely from your back pain.. Take care..
Look at R Com and SSLT.. both looks like falling..
C T RAMESH RAJA |
thank you Mr Raja. Yes, I have recovered. will look at rcom and sslt. thanks again.
regards
vinay |
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rameshraja
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| Post: #4641 Posted: Mon Aug 11, 2014 2:02 pm Post subject: |
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Mr Apka
NF can pullback to 7745 on a good day.. Close above 7840 can only restore upmove to 8125 - 8700
Till it close above 7840, every rise will meet with selling pressure and can come down to 7560 - 7500. |
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apka
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Posts: 6137
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| Post: #4642 Posted: Mon Aug 11, 2014 6:08 pm Post subject: |
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| thank you Mr RR |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #4643 Posted: Tue Aug 12, 2014 10:18 am Post subject: Bhushan Steel |
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Can anyone enlighten us as to: at what level we may consider entry into Bhushan Steel.
It has fallen to annual low of around 178 (with an annual hi of 504)
(In a similar case, I made a nice sum entering Aarti Drugs, some time back, after the blast in one reactor in one factory in Tarapur affected 3% of their revenues leading to +20% drop in price, the price shot up just as fast after reversal) |
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vinay28
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| Post: #4644 Posted: Tue Aug 12, 2014 10:43 am Post subject: Re: Bhushan Steel |
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| pkholla wrote: | Can anyone enlighten us as to: at what level we may consider entry into Bhushan Steel.
It has fallen to annual low of around 178 (with an annual hi of 504)
(In a similar case, I made a nice sum entering Aarti Drugs, some time back, after the blast in one reactor in one factory in Tarapur affected 3% of their revenues leading to +20% drop in price, the price shot up just as fast after reversal) |
not just the arrest of its chairman but corporate governance issue will now derate it. as such it is making a loss on a huge turnover. now likely levels are 162.70/105.75/70. it may reverse from 162.70 but probably only by a few tens of rupees unless they are found not guilty. if u r happy with a small gain, that's one level to buy with a SL of about 10 below it.
by the way, it has become an excellent investment buy being at a 3 year low but alas, it's not a good company worth investing in. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #4645 Posted: Tue Aug 12, 2014 10:56 am Post subject: Re: Bhushan Steel |
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| vinay28 wrote: | | not just the arrest of its chairman but corporate governance issue will now derate it. as such it is making a loss on a huge turnover. now likely levels are 162.70/105.75/70. it may reverse from 162.70 but probably only by a few tens of rupees unless they are found not guilty. if u r happy with a small gain, that's one level to buy with a SL of about 10 below it. |
Thank you for guidance.
Someone in moneycontrol has posted (nukkad ka nugget, always worth reading) that Bhushan Steel plant & equipment is in good shape so management is the fly in the ointment. I understand also that SBI Chairwoman is trying to substitute chor board with her selection of technocrats + other experts. If this happens, then Bhushan Steel can be a good long term buy
Vinay has correctly pointed out that co. has high turnover, still loss. But lets look at this another way: high t/o means that plant (= operations) is not affected. Also gross margin has not plunged, meaning there are other reasons for losses like high admin expenses? (entertainment exps., frequent trips to Brazil for world cup etc???) !?!?!?!? |
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vinay28
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| Post: #4646 Posted: Tue Aug 12, 2014 11:02 am Post subject: Re: Bhushan Steel |
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| pkholla wrote: | | vinay28 wrote: | | not just the arrest of its chairman but corporate governance issue will now derate it. as such it is making a loss on a huge turnover. now likely levels are 162.70/105.75/70. it may reverse from 162.70 but probably only by a few tens of rupees unless they are found not guilty. if u r happy with a small gain, that's one level to buy with a SL of about 10 below it. |
Thank you for guidance.
Someone in moneycontrol has posted (nukkad ka nugget, always worth reading) that Bhushan Steel plant & equipment is in good shape so management is the fly in the ointment. I understand also that SBI Chairwoman is trying to substitute chor board with her selection of technocrats + other experts. If this happens, then Bhushan Steel can be a good long term buy
Vinay has correctly pointed out that co. has high turnover, still loss. But lets look at this another way: high t/o means that plant (= operations) is not affected. Also gross margin has not plunged, meaning there are other reasons for losses like high admin expenses? (entertainment exps., frequent trips to Brazil for world cup etc???) !?!?!?!? |
even if that is true, the falling knife is too steep and sharp and further fall is likely. may be one can start nibbling around 163 if one keeps SL. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #4647 Posted: Tue Aug 12, 2014 11:06 am Post subject: Re: Bhushan Steel |
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| vinay28 wrote: | | even if that is true, the falling knife is too steep and sharp and further fall is likely. may be one can start nibbling around 163 if one keeps SL. |
Thanks once again. I am not disputing the level/s given by you. As Al Brooks says enter if you have 2 or more good reasons. So a combination of tech aspect (probable SAR around 163) AND fundamental like new Board may yield good return to us. Lets see. Prakash Holla |
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rameshraja
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Joined: 24 Nov 2006
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| Post: #4648 Posted: Tue Aug 12, 2014 1:26 pm Post subject: |
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Mr Vinay
Look at Philipcarb at CMP Rs.87 for investment.. I am betting on stock based on fundamentals and not from techncials. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #4649 Posted: Tue Aug 12, 2014 1:33 pm Post subject: |
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| rameshraja wrote: | Mr Vinay
Look at Philipcarb at CMP Rs.87 for investment.. I am betting on stock based on fundamentals and not from techncials. |
sure, thanks Mr Raja. I did make some money in it in 2004 or so. If I find something, I too will let you know. |
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saurabhkurichh
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Joined: 30 Oct 2006
Posts: 127
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| Post: #4650 Posted: Tue Aug 12, 2014 3:10 pm Post subject: |
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| Hello RR sir .. NOIDATOLL and PFS also seem good for investment |
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