I have recommended a BUY on NITCO last year @ Rs,62/-and later suggested to book loss @Rs.40 mainly due to their increased debt in last two quarters.In a filing to stock exchanges( HERE) today the company informed that the CDR cell has approved its debt restructuring package.Hope the worst is over for the company .CMP is Rs.24/-
For old posting Click HERE
For old posting Click HERE
Hello Sir,
ReplyDeleteI made an entry into Manglam cement at 184. This is my first buy to your recommended stock. I found this blog recently. Can i consider to buy tata chemicals at around 340, your one of the old recommendations. Is the value still intact and can be good investment?
Thanks and Regards,
Nadim
what u want to say about the management integrity .i was going through the annual statement. they have said that they have reduced importing ceramic tiles. can one buy on fundamental basis?
ReplyDeleteWhat is ur view on. Adani port
ReplyDeleteI don't think it is top class .But feel there is not much risk at current price.Company having a debt of of Rs.580 Cr in its books .But It is reported that the total value of real estate which is under various stages of development ( see some details about one completed project in the below link) is approximately Rs.2300 Cr.If management really willing to do something ,i don't think it is impossible.
ReplyDeletehttp://www.nitcobizpark.com/
Sirji, Rapicut Cabides going down day by day. Is something wrong with the company? please share your views.
ReplyDeleteFrom Rs.86 Rapicut touched a high of Rs.140/- post recommendation.If you are a short term investor , you had an opportunity to book more than 60% profit in one month.If you are a long term investor why you are so much bothered ? .In my previous posting on this company I clearly mentioned this company's business is expected to grow with some momentum in capital goods sector .I don't think one or two month is anything for such a change and it will be a gradual process.One should select stock and decide exit policy based on one's investment nature
Deletesir thank u for every thing. wish u happy new year.
ReplyDeleteNitco has touched Rs.15/- and below.Is this a sinking ship ?
ReplyDeleteDepends on company's ability to implement CDR
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