Ayush - Congrats on your well deserved success. Always learn lots from you! One of the most self-less folks I've met thus far.
Posts in category All News
Havells India Ltd (15-09-2015)
Invested today at Rs 263 for which I had to overcome a physiological barrier of bulk of my earlier investment at an effective price of Rs 33. My reasons are
1. Asset light nature of business . 2. Value of brand. 3. Return of capital is being maintained at a satisfactory level of 25% plus .4 . The company has been establishing new plants and aquiring companies to expand and introduce new products .I believe these measures are likely to have a positive impact on sales and profits over next two years .5. The earlier disastrous experience of the company in aquiring Sylvania Europe is likely to temper any reckless approach in these proposed expansions .Once bitten twice shy !
Eye 20% CAGR growth in future; expansion plans on: Syngene (15-09-2015)
Page industries (15-09-2015)
Agree, it appears to be a bit weak. Since we are already into 6 months of FY16, may be we should look at FY 16 PE at which it is currently at about 54 PE (235 EPS approximately). Page can maintain around this level given its strong parameters of sustainability and predictability. Disclosure: I hold.
Jubilant Industries hits lifetime high; soars over 80% in one month (15-09-2015)
Nifty slips below 7,850 level (15-09-2015)
Bharti Infratel tumbles 3.8% after block deal (15-09-2015)
Wall Street pushed down by Fed jitters, weak China data (15-09-2015)
Modi has digital designs on Silicon Valley (15-09-2015)
Maruti Suzuki shares gain as RBI allows foreign investors to buy upto 40% stake (15-09-2015)
Maruti Suzuki India shares gained as much as 2.2 per cent in the early trade on Tuesday after the Reserve Bank of India on Monday notified that registered foreign portfolios investors can now invest up to 40 per cent of the paid up capital of the company.
At 9.40 am, the scrip was trading 1.63 per cent higher at Rs 4,397. It opened at Rs 4370 and had touched a high and low of Rs 4,415.70 and Rs 4,370, respectively, in trade so far.
The Reserve Bank of India (RBI) on Monday (post market hours) notified that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs)/qualified foreign investors (QFIs) can now invest up to 40% of the paid up capital of Maruti Suzuki India under the Portfolio Investment Scheme (PIS). RBI further advised that the foreign shareholding by FIIs/RFPIs in Maruti Suzuki India have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of the company’s shares are withdrawn with immediate effect.
Around 13,000 shares exchanged hands on BSE so far as against average daily volume of 35,000 shares in the past two weeks.
For the quarter ended June 2015, Maruti Suzuki posted net profit of Rs 1192.92 crore, up 56.49 per cent, against Rs 762.28 crore in the corresponding quarter a year ago.