Posts in category All News
Russia just threw the book at Google, and Russian rival Yandex’s stock is soaring (15-09-2015)
Page industries (15-09-2015)
Absolutely agree with you, 16% sales growth for the last quarter is on the minds of the investors. Management has clarified (hopefully, they are right) that it is one off and growth should resume from Q2. Given that it's at high PE as well market is taking its time. But once Q2/Q3 provides the normal growth Page usually sustains, the price should catch up - as you rightly said.
I usually go back to what was said in investing books during these times (Buffett, Lynch) - there might be quarters where the growth may be a bit slack but companies of Page QUALITY generally over time recovers. This is usually a good time for accumulation.
European shares seen opening mixed; Fed in focus (15-09-2015)
Metalyst Forgings hits 5% upper circuit (15-09-2015)
Corporation Bank shares gain as LIC looks to infuse funds (15-09-2015)
Corporation Bank shares gained as much as 4 per cent on Tuesday after the bank informed stock exchanges that Life insurance Corporation (LIC) has expressed its intention to infuse Rs 143 crore capital in the bank.
At 12.28 pm, Corporation Bank shares were trading 2.03 per cent higher at Rs 47.75. It opened at Rs 47.85 and had touched a high and low of Rs 48.70 and Rs 47.65, in trade so far. Sensex was down 111.26 points at 25,745.44.
In a BSE filing, the Bank said,”The Company have received a letter dated September 11, 2015 from Life insurance Corporation of India expressing their intention to infuse capital to the extent of Rs 143 crore into the capital funds of the Bank, by way of issue of equity shares on preferential basis to Life Insurance Corporation of India and to place the same in the ensuing extraordinary general meeting.”
Corporation Bank will hold an extraordinary general meeting on September 28 to decide on the same.
The state-run lender’s stock has fallen 28 per cent this year along with other state-run banks on concerns of increasing bad loans.
For the quarter ended June 2015, the bank posted net profit of Rs 204.26 crore, down 11.75 per cent, against Rs 231.47 crore in the corresponding quarter a year ago.
International Investing (15-09-2015)
Thanks, I am still refining my asset allocation depending on my profile.
Constructive thoughts from others definitely help.
By the way, I am 29, hope that qualifies as young!
I am a CFA charterholder and working in M&A, Asset management since 5 years, so I believe that also helped me.
Regards
Sell L&T with a target of Rs 1,540: Prakash Gaba (15-09-2015)
Page industries (15-09-2015)
ya it could rise viciously provided it again start to run on the same 25+ sales & growth track. Actually last qtr. result was the main reason why its soo weak. Moreover everyone is waiting for a imaginary fall of Nifty towards 6800 and delaying the purchase. can't find a fault there.