I could find this article, it is old 23/Sep/14 but it says that Central Govt. bill tabled in Lok Sabha in May-12 was rejected by the standing committee on finance. Therefore is right to conclude there is no law governing MFI till a bill is passed by Parliament.
RBI is a regulator which regulates NBFC-MFI and not the MFI registered as society in the States.
Therefore it may be right to speculated that NBFC-MFI may be less susceptible to State Govt. interference.
Hi This may sound a bit silly. But how does one invest in companies listed in the NSE SME platform? I checked Kotak Trading account (i am an NRI) but this share isnt visible when I select NSE. There isnt a separate selection for NSE SME exchange - only BSE and NSE are the options. I faced same issue when I logged into a resident trading account on ICICI Direct.
Discl regarding the company and stock - not invested, but interested.
IFR duration is 5 days. The event calendar is at https://ifr16.indiannavy.gov.in/event-calendar.htm
I'm not sure how the FIC fleet allocation is handled. If the existing ones are used to patrol Mumbai harbor, then they cannot be allocated to IFR because the event is in Vishakapatnam, in which case it is likely these additional craft may be obtained on a lease. What I'm unsure about is whether the contract or tender is for 5 days only or more than 5. I suspect it is the latter.
Costs for the entire event have not been divulged to the press; this is from ET. But it is by no means a low-cost event with the State government allocating 74 crores. 70-90 ships are expected at this event, so costs for security are not expected to be low. I pulled up tender values for hire rates of FICs, and going by this tender, the rate is around 165k per day for 7 craft. Of course, that is a ballpark figure for estimating the contract value for IFR.
he entered the stock in June quarter and had 250000 shares 5% in the company then in sept quarter he sold 189574 shares with very decent profit.
@RajeevJ
do anyone on valuepickr know who is Pratyush Mittal holding 60426 shares i,e 1.23 % in the company
Hey !!
Views are invited on my current portfolio. Have got into stock investing 8 months back . I don't like selling my shares like to behave more as a shareholder of a company. Will post my portfolio , and would like senior boarders ( all are senior to me here ) to guide me . In the process , I am sure my learnings will be enhanced.
Share Average buying price. Percentage
Granules. 97. 38%
Ambika cotton. 907. 22%
Repco. 665. 16%
Canfin. 670. 14%
Shilpa. 465. 7%
Seven. 258. 3%
Regards
Rahul
Hope these family connections do not bring bad name for Neuland as they did with Aurobindo. I do not regret but my biggest miss was Auro. I never considered again after its name cropped up in Jagan's scams.
Disc: Invested along with Strides and Granules in the pharma basket
AngelBrokingResearch_BykeHospitality_IC_090915_090915134452.pdf (398.2 KB)I liked the observations made in this research report. What do you have to say?
Well, not a single multibagger, not a single defensive to create long term wealth, not a single known name to play safe, all speculative.
BKT
SBI
NMDC
are below avg. but compounders
I hate to talk like a boss, but got info that big heads of Telugu land and film industry biggies are buying heavily into Neuland Labs. They were the same ones who took Auro Pharma up and then sold to FII's their families are all connected and hence they ask them to buy at market as a favour, so I dont want to discuss the names but I give you a hint that they are a pack and they all have it in their own names. Their families are in telugu film industry and politics.
Disc: Not invested, but looking to get in at a dip. Momentum too strong 