Hi
Does anyone have idea how to buy unlisted shares ( Kimbal technologies )
Gulf Oil Lubricants India promoter sells 4% stake for over Rs 263 crore (26-09-2024)
Gulf Oil International Mauritius Inc, promoter of Gulf Oil Lubricants India, on Thursday divested a 4 per cent stake in the company for over Rs 263 crore through open market transactions.
According to the block deal data available on the BSE, Gulf Oil International Mauritius Inc. offloaded 19,50,000 shares, amounting to a 3.96 per cent stake in Gulf Oil Lubricants India.
The shares were disposed of at an average price of Rs 1,351 apiece, taking the transaction value to Rs 263.44 crore.
After the stake sale, Gulf Oil International Mauritius’ holding has come down to 67.8 per cent from 71.76 per cent.
UTI Mutual Fund (MF), ITI MF, Baroda BNP Paribas MF, JM Financial MF, Aditya Birla Sun Life Insurance, Axis Securities and Societe Generale were among the buyers of Gulf Oil Lubricants India’s shares.
Shares of Gulf Oil Lubricants India declined 4.88 per cent to close at Rs 1,370.95 apiece on the BSE.
In a separate transaction on the BSE, Cube Highways and Infrastructure II sold 1.16
Simple Investing (26-09-2024)
I may agree with you on good opportunities in other retail stocks, however I tend to chose stocks where I am not nervous to sell if and when they run up. For this, the promoter and group matters a lot and hence Tata’s Trent followed by Damani’s Dmart and a very very small allocation to Goenka’s Spencer.
The fisrt two have executed beautifully as well. We see and compare Zudio today when hardly 3-4 years back it was nothing. So what these companies would look like few years down the line we do not know. In such a big unknown, only certainity is ethical & efficient management & promoters.
While one can make tons of money in playing the turnaround etc cards in other stocks, they are not meant for me and I will fail at such plays no matter how big the opportunity may be.
Disc: Same as above
Sena-UBT’s MP Sanjay Raut gets 15-day jail in defamation case (26-09-2024)
Raut was also fined Rs 25,000 in the case filed by Medha Somaiya, wife of BJP leader Kirit Somaiya. Raut later got bail and the court also suspended his sentence for 30 days so that he can appeal in a higher court against the sentence.
SmallCap Hunter : Trying to find the dark horses with triggers (26-09-2024)
Were you not in market between Jan 2022 to March 2023? see how long it was sideways ?
After a run up like we have had in past 18 months , it’s very ok if it goes sideways for a while. Mutual funds are just as dumb as us …this sitting on cash thing has been going on for 12 of those 18 months . It’s likely there will be some sector rotation and some money might move from small caps to large caps but whether it will correct by 30% as it did in 2022-23 is anybody’s guess . Nobody knows anything … it might fall tomorrow and it might run for further 3 years …who knows ?Be aware of doomsday prophecies ….they just sound more impressive but are just as accurate as the optimists …
Disc …70% portfolio in small caps …not running after high fliers but not running away nor sitting out .
Consensus eludes GoM on GST rate rationalisation (26-09-2024)
The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation, which convened in Goa on Wednesday, reviewed the GST rates for over 100 items, including textiles, handloom goods, agricultural products, fertilisers, and educational materials. However, no consensus was reached on any of the items, with further discussions scheduled for next month in Delhi.
Sebi likely to introduce MF- Lite regulations for passive funds: Madhabi Puri Buch (26-09-2024)
“We had a very detailed consultation on that and if as a part of that you feel that there needs to be relaxation in terms of how to do distribution of those kind of passive funds. We are open to any kind of suggestions so that we can facilitate growth of these funds across the country,” Buch said at an industry event.