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Posts tagged All News
Venky rallies 10.6% after board recommends Bonus Issue (14-09-2015)
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Towards a Capital Allocation Framework! (14-09-2015)
agree . v few investors i know have put over 10% of their total nw in equities.I have no investment other than in equities ( other than primary house) even FDs or insurance.I also believe in concentrated bets .However its not as easy as it may sound - I will not advise this for many other investors.I think the key is that when you bet in such a concentrated manner ( 100% of one's networth in equities that too in a few stocks say 4 or 5 ) one must track the co intimately and be willing to exit at signs of trouble .Else this approach can be self destructing.
Sensex trading flat; metal, power stocks major gainers (14-09-2015)
Sensex, Nifty consolidate; Midcap, Smallcap outperform (14-09-2015)
![Sensex, Nifty consolidate; Midcap, Smallcap outperform Sensex, Nifty consolidate; Midcap, Smallcap outperform](http://www.moneycontrol.com/news_image_files/2015/m/markets_happy_bse_nse_nifty_200x200.jpg)
Adani Enterprises up over 1% (14-09-2015)
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Amtek Auto shares up over 12% on assets selling reports (14-09-2015)
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Amtek Auto shares surged over 12 per cent in the early trade on Monday after the company informed BSE that it is considering various means to de-leverage the balance sheet. (Express Photo)
Amtek Auto shares surged over 12 per cent in the early trade on Monday after the company informed BSE that it is considering various means to de-leverage the balance sheet.
At 9.42 am, shares of Amtek Auto were trading 12.10 per cent higher at Rs 52.35. It opened at Rs 46.70 and had touched a high and low of Rs 57.90 and Rs 44.75, respectively. Sensex was down 0.19 per cent at 25,561.91.
According to reports, Amtek Auto plans to raise about Rs 6,500 crore by selling assets. The proceeds will go towards reducing the company’s debt of about Rs 15,000 crore. The company has agreed to sell some surplus industrial estates in India that are not being used. Second, it is looking to sell non-core assets and businesses, mainly in India. The company is also in talks to sell a minority stake in its foreign business.
In a BSE filing, the company said, “As of date the company is considering various means to de-leverage the balance sheet including selling of non-core business, minority stake in overseas companies and some industrial real estate assets within the business. However, as on date, no negotiations are carried on. If any positive developments takes place, the same will be intimated to the exchange as per the requirement of the listing agreement.
On Friday, the share price of the company jumped 75 per cent intraday and closed 53.62 per cent higher at Rs 46.70.
Cupid Ltd – Helping the world play safe! (14-09-2015)
I have been a regular reader of highly informative posts on Cupid. I would like to thank all members esp Rajeevji for contributing & keeping everyone updated. I am an investor in Cupid & Cupid is a sizable portion of my portfolio (offcourse not as big as Rajeevji
) ... in recent past I had visited the company to meet Mr Garg and I would like to share my impression with you all. He lived a comfortable life in US and is a self made human being having tried his hands in many businesses. Also all must be aware that he has some vision & hearing troubles. To leave all comforts in US & after being independently wealthy and coming to sit in some MIDC in India requires high level of motivation. I felt he is the perfect guy whom u should trust ur money with. He is highly conservative in business & will not resort to debts & will only invest in businesses like sanitary napkins etc only when he sees a profit. He also likes to travel a lot and is very philosophical about life.
Regarding the fundamentals of the company you all know much more than me.. They r very sound, debt free, good margins etc. INR fall & Rubber fall should result in increase in margins- thats my understanding. Also they are addressing a huge global problem & they r the lowest cost producers. So whenever there is additional demand company is very well placed to capitalise on it. All current fundamentals r well known to the market but as George Soros says "Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"... many new unexpected positive developments can happen in Cupid. Also thr annual report states that they expect large orders to come. Any new order of a good size will only to lead to re-enforcing a very strong stock trend. Again company is addressing such a large global problem & I find 220 crs market cap quite low to be honest..
Just Dial gains on launching new Android App (14-09-2015)
Ashoka Buildcon bags LoA for Projects worth Rs. 440 cr from KRDCL (14-09-2015)
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