JPT Securities Freeze CMP 97.55
Thursday, June 12, 2008
Fortis Finance
Fortis Finance is company owned by malvinder singh ..he has a very big plan in microfinance ...and he may use this companyfor this purpose ...@77 this company is very cheap and may touch 250+
Ranbaxy
Ranbaxy looks positive or negative? Stake sale at a premium looks positive side but exit by the promoter is a very very negative aspect. Shows what the company is all about, and even the promoter doesn't like it!
Nifty
REMEMBER.......WE CAN OPEN GAP DOWN AT 4450-4370 LEVELS AND PULL BACK FOR THE DAY.........BUT, IF WE BREAK 4340, THEN BE READY FOR 4230 IMMEDIATELY.......HOPE WE PULL BACK FROM 4360-4370 LEVELS....... IIP DATA/INFLATION DATA.......AND JULY FIRST WEEK, INTEREST RATE HIKES POSSIBLE
12-Jun News
12-Jun-08
Headlines for the day
Corporate News Headline
Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET)
BHEL
placed the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS)
Economic and Political Headline
The
RBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
The
Centre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
Headlines for the day
Corporate News Headline Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET) BHELplaced the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS) Economic and Political Headline TheRBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
TheCentre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
DISCLAIMER
DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.
Wednesday, June 11, 2008
Notice Board
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The Daiichi deal will help the company emerge as a global research firm, says the Ranbaxy management, reports CNBC-TV18. Ranbaxy is expected to become a subsidiary of Daiichi. Daiichi will fund the stake buy via internal accruals and debt, added the Ranbaxy management
Transaction Tax will be hiked and new tax going to be implemented to the fiis soon by sebi tonight,becareful,this news is confirmed .take your own steps,if you feel this is rumour then just ignore it
Oil Bonds
Reserve Bank of India has bought 8.40 per cent, 2025 oil bonds worth Rs 955 crore at a yield of 8.75 per cent from Indian Oil Corporation through special open market operations, according to a company executive. The oil marketing company has been selling 2025 oil bonds since Thursday. The central bank had bought Rs 945 crore of the 2025 oil bond at 8.61 per cent on Friday, compared with 8.75-8.76 per cent this week. Through special open marketing operations, RBI makes outright purchases or repurchases of oil bonds from state-run oil marketing companies and provides dollars through a designated bank. State-run oil refiners will get dollars at the central bank's reference exchange rate
Petronet LNG
Petronet LNG is now also diversifying into different segments like power, port development etc., which is expected to generate value over a period of time. The company has received in-principle approval from its Board for a 1,200MW gas based power plant at an investment of over Rs.3,000cr. The plant is expected to be 10% more efficient as it will harness the cold energy from re-gasification. Petronet’s Kochi expansion is on-way and is expected to commence operations by early 2012. The company has also invested around Rs150cr for a Solid Cargo port project at Dahej
Tuesday, June 10, 2008
People's Bank of China announced it would lift CRR by 1% to 17.5% ..( The news was out in the morning.. which led to fall of hang seng and shangai) The banking led to fall in the market
RPG Life Sciences, Surat Textile Mills, Pacific Industries and Ocean Agro will re-list on stock exchanges today. These stocks will have no circuit filters today
Monday, June 9, 2008
Piramal Life
Piramal Life Sciences Ltd said on Monday Reliance Mutual Fund has acquired a further 0.30 percent stake in the company to raise its holding to 5.02 percent.
The shares acquired were from open market, Piramal Life said in a statement
Reliance
Reliance Industries Ltd has informed BSE that the 34th Annual General Meeting (AGM) of the members of the Company will be held on June 12, 2008
Nifty Fut
Nifty FUT: Expect pullbacks from 4450 to 4439. These are essential supports, below which panic selling may be witnessed
Cover MNifty Short
please cover ur mini nifty shorts
CMP 4470, it give us massive 215 points, means 4300 rs in mini nifty only enjoy
Headlines for the day
9-Jun-08
Corporate News Headline
Suzlon Energy signed a share purchase agreement with Areva for acquisition of latter´s total stake of approximately 30% in REpower Systems AG, Germany. (ET)
Essar Steel is planning to raise its takeover offer to USD 17 per share, or about USD 670 mn for Esmark Inc. to thwart a rival bid from OAO Severstal. (Bloomberg)
Axis Bank is planning to raise capital upto Rs. 65.2 bn through upper and lower tier II bonds to support the business growth and Basel II norms. (ET)
Economic and Political Headline
The WPI-based annual rate of inflation rose to 8.24% for the week ended May 24, compared with 8.1% in the previous week, due to an increased in prices of edible oil, groundnut oil, cereal, meat and fish. (BS)
India´s foreign exchange reserves fell to a USD 314.614 bn as on May 30, from USD 316.171 bn a week earlier. (ET)
The US Federal regulators warned that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans that they made to finance the construction of homes and condominiums. (WSJ)
Sunday, June 8, 2008
MCX Weekly Supports
MCX Weekly Supports
CRUDE WEEKLY LEVEL'S MCX
SUPPORT:- 5775/5670/5580/5495/5370/
RESISTANCE:- 5985/6165/6235/6415/6475
GOLD WEEKLY LEVELS
SUPPORT:- 893.00/887.50/883.50/879.00/873.00
RESISTANCE:- 904.00/913.00/922.00/928.00/937.00
SILVER WEEKLY LEVEL'S
SUPPORT:- 17.27/17.11/16.98/16.85/16.67
RESISTANCE:- 17.57/17.70/17.83/18.10/18.22
CRUDE WEEKLY LEVEL'S
SUPPORT:- 134.95/132.40/130.35/128.95/125.35
RESISTANCE:- 139.65/143.85/145.80/149.95/150.95
MCX HEARD
Silver crossed 17.50$ if it sliped below 17.30$ than only weak else its too +ve
Gold closed (Spot) 902.20$ some profit booking can be seen till 895$ and till 892$ gold shall be weak below 890$ only
If it need to touch 144$ than technically correction required till 137-135.30$
but crude nt following technical as we said earlier so lets c
Crude has been smashed at friday touched around 139.50$
technically it need to give correction
Mcx 7-Jun Close
MCX
7-Jun-08
CLOSING RATE:- CRUDE:-5854,GOLD:-12453,SILVER:-24428,COPPER:-342.85,ZINC:-84.7,NICKEL:-954 .5,LEAD:-84.05,NATURAL GAS:-542
Friday, June 6, 2008
Gold See The High
Gold See The High
Gold (Aug) High of 12310 Today
Our 2nd Tgt is 12310
What a accuracy
Our Call Was (Buy Gold(Aug) above 12215 Tgt 12280/12310 SL 12165)
Silver also goes upto 24200 Enjoy
Our Call Was (Buy Silver(July) above 24070 Tgt 24270/23360 SL 23940)
Mcx Intraday
Buy Gold(Aug) above 12215 Tgt 12280/12310 SL 12165
Buy Silver(July) above 24070 Tgt 24270/23360 SL 23940
LME
LME STOCK COPPER: DOWN -950 ZINC: DOWN -675 ALUMINIUM : DOWN -1475 NICKEL: DOWN -102 KEDIA LEAD: UP 975 06/06/2008 13:30
United Spirits Ltd
United Spirits Ltd has informed BSE that the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company ("the Scheme") has been sanctioned by the Hon'ble High Court of Karnataka at Bangalore on May 29, 2008, in relation to the company petition filed by the Company. The Scheme is now pending sanction of the Hon'ble High Court of Calcutta and Hon'ble High Court of Bombay in respect of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd respectively.
Centurion Bank of Punjab
Centurion Bank of Punjab, CBoP will be suspended from exchanges after trading today as the bank has merged with HDFC Bank. CBoP had got approval from the Reserve Bank of India for the Scheme of Amalgamation with HDFC Bank with effect from May 23, 2008.June 16, 2008 has been fixed as Record Date for the purpose of determining the eligible shareholders of Centurion Bank of Punjab to whom equity shares of HDFC Bank will be allotted as per the Scheme
HEG Ltd
HEG Ltd has approved expansion of capacity from current level of 60,000 tonnes per annum (TPA) to 80,000 TPA at estimated investment of Rs 190 crore at its graphite plant at Mandideep. The capacity expansion will be done by way of brownfield expansions and de-bottlenecking of the existing capacities with an estimated cost of Rs 190 crore which is 40 per cent less than the expansion undertaken two years ago. The new capacity will be operational by the last quarter of 2009. The company proposes to fund its expansions mainly through internal accruals.
Spice Jet
Anil Ambani group eyeing SpiceJet - report
(Reuters) - India's Anil Dhirubhai Ambani group (ADAG) has begun talks to buy low-cost carrier SpiceJet, the Mint daily reported on Friday, without attributing any source.
Kingfisher Airlines and Jet Airways Ltd are also in the race to buy SpiceJet, which is looking to raise funds, the newspaper said.
BGR Energy
BGR Energy Systems said its oil & gas division has bagged a contract worth $9.29 million for manufacture of 70 oil product storage tanks for Aumara oil products depot in Iraq.
News 6-Jun
Headlines for the day
6-Jun-08
Corporate News Headline
M&M signed an agreement to acquire Italy´s Engines Engineering SpA for an undisclosed sum. (ET)
Sun Pharma purchase of dosage form manufacturing operations of the US-based Able Labs for USD 23.15 mn. (BS)
ONGC would supply 0.5 MT standard cubic meters per day of gas to North Eastern Electric Power Corp´s gas-based power plant at Monarchak in Tripura. (BS)
Economic and Political Headline
India´s central bank governor, Yaga Venugopal Reddy, expressed that the prospects of higher farm output and curbs on food exports would help to contain inflation, playing down chances of an interest rate increase. (BS)
In order to contain non-plan expenditure, the Finance Ministry issued the guidelines on austerity measures to be absorbed by the central govt departments by asking them to effect a mandatory cut in non-plan expenditure. (BS)
The European Central Bank and Bank of England left their key interest rates unchanged at 4% and 5%, respectively, though the concerns over inflation continue to preoccupy bank officials. (WSJ)
Mcx Close 5-Jun
5-Jun-08
CLOSING RATE:- CRUDE:-5398,GOLD:-12180,SILVER:-24007,COPPER:-335.8,ZINC:-84.2,NICKEL:-986, LEAD:-84.05,NATURAL GAS:-533.3
Thursday, June 5, 2008
MCX-Book Full Profit
MoneyBazaars: 1250 in silver mini & 9,000 in silver
MoneyBazaars: Means 1000 rs in gold mini % 10,000 in gold 1 kg
MoneyBazaars: Book Total Profit Here, We gain atleast 100 points in gold & 250 points in silver
MoneyBazaars: CMP Gold 1kg: 12025, Gold Mini : 12055, Silver: 23175
MoneyBazaars: Gold & Silver Melting - Book Profit Now
Mcx - Book Profit
MoneyBazaars: atleast 30 points in gold & 100 points in silver
5 Jun 08, 16:22
MoneyBazaars: anyone can book profit
5 Jun 08, 16:22
MoneyBazaars: CMP Gold 1kg: 12096, 098, Gold Mini : 12125, 127, Silver: 23337, 340
uys vested people are creating panic .. by stating some CNN ibn report ..its full bullshit and manmohan has full blessings of sonia gandhi .. further congress has threatened the left that if they withdraw support thean they will join MAMTA banerjee in bengal and wipe CPM off .. so CPM will bark and protest but wont withdraw support
Mcx Trades
5 Jun 08, 10:46
MoneyBazaars: Silver CMP 24430
MoneyBazaars: SILVER SELL BELOW 23394 BUY ABOVE 23530 CMP 23432
MoneyBazaars: Gold CMP 12138
MoneyBazaars: GOLD SELL BELOW 12130, BUY ABOVE 12176 12139
HIgh inflation , high crude prices , are major concern everyone is saying market will touch new low ..... but market has a mind of its own and do not follow the herd ...it see wheather things are improving or not ... and it is .. see crude is coming down and 15$ off from its all time low ..govt has passed the hike which is also very positive ..inflation will ease in 3 month as base effect and good monsson will come to play ... we still growing @8.5-9 % despite all "foreign brokerages " are saying that we will grom at 6 % ...we have demography and infra needs which wil keep market in great shape ...
Nifty 5-Jun
NIFTY FUT CMP 4568.NIFTY FUT SUPPORT AREA 4515-4480..RESISITANCE 4645-4695.WE EXPECT BOUNCE FROM 4505 LEVELS.SO BUY NIFTY IN THT RANGE WITH SL 4475
News 5-Jun-08
Headlines for the day
Corporate News Headline
Jindal Steel & Power signed an MoU with the Jharkhand government for setting up a power project in the state at an estimated cost of Rs. 118.8 bn. (ET)
Reliance Communications and South Africa´s MTN begun due diligence as they inch closer to creating a global top-10 telecoms firm. (ET)
NALCO is planning to invest around Rs. 400 bn in the next five years in its various expansion projects. (ET)
Economic and Political Headline
The Indian government announced the hike in fuel prices which would be Rs. 5 per litre in case of petrol, Rs. 3 per litre of diesel, and Rs. 50 on a LPG cylinder. (BS)
In addition to hike in fuel prices and duty cuts, cash-strapped oil companies have got a relief on liquidity front through RBI´s recent move to buy oil bonds. (BS)
The US vehicles sales declined 10.7% in May, due to a plunge in truck sales that is shifting the competitive landscape in the world´s largest automobile market. (WSJ)
Wednesday, June 4, 2008
The world's single-largest oil deposit sits right here in North America. Time magazine calls it "Canada's biggest buried treasure." It's an area with up to 2.5 trillion barrels of oil, locked in Alberta sand. That's eight times the total reserves of Saudi Arabia, enough to satisfy the world's demand for petroleum for the next century. Now that could bring in more supply and a pause for SPIKING Oil Prices.
MCX - Sell Gold
Mcx IntraDay - Sell Gold Aug 12214 Tgt 12140-12115 SL 12290 (Less Risk Sell Gold Mini @ 12225)
Barking Left
Furious with the oil price hike announced today, the Left Parties said that they will go for a weeklong militant protest movement from tomorrow to June 11. Party leaders said that they will conduct "hartaal", "rail-roko" and even road blockage to manifest their anger against the government decision. Accusing the UPA government of contributing to inflation, the parties demanded that the government review today's decision, decrease excise duties even more, and impose windfall taxes on private companies. BUT ONE THING U NOTICED IS THAT THEY DIDNOT WITHDRAW SUPPORTT FROM GOVT. .. AS I TOLD U THEY WILL ONLY BARK ..VERY PREDICTABLE
Highlights
Highlights of petroleum product price hikes, tax revisions
Following are the highlights of the petroleum product price
hikes and tax revisions announced by the government:
* 3 rupees/L hike in diesel price.
* 5 rupees/L hike in petrol price.
* Govt hikes LPG prices by 50 rupees per cylinder.
* Customs duty on crude cut to nil.
* Govt cuts excise duty on diesel, petrol by 1 rupee/L.
* Customs other petro products cut to 5% vs 10%.
* Govt cuts customs duty on petrol, HSD to 2.5% from 7.5%.
* Excise duty cut to cost 66.60 bln rupees.
* Duty cut on oil pdts to cost govt 226 bln rupees.
Mcx Close 4-Jun
MCX
4-Jun-08
CLOSING RATE:- CRUDE:-5251,GOLD:-12205,SILVER:-23608,COPPER:-334.8,ZINC:-84.8,NICKEL:-965. 5,LEAD:-86.3,NATURAL GAS:-530.1
Essar Oil
Essar Oil may have to settle for half the stake in Kenya Petroleum Refineries (KPRL) than what it had desired. Essar Energy Overseas, a subsidiary of Essar Oil in January this year, had entered into an agreement with the government of Kenya to acquire 50 per cent stake in KPRL, a four million metric tonne per annum refinery, in Mombasa, Kenya. The government of Kenya holds the remaining 50 per cent in KPRL. However, according to a new arrangement by the Kenyan Government, a Libyan company, Tamoil Africa Holdings and Essar Oil will now own 25 per cent stake each in the company. Tamoil Africa reportedly, has offered a better deal to the Kenyan Government.
Fuel price spiral may squeeze airlines. The over 18 per cent hike in aviation turbine fuel effected by oil companies for June 2008 may step up the pressure on the profitability of listed airline companies.
It may also delay break-even for low-cost carriers such as SpiceJet and Deccan Aviation.
The latest hike takes the total year-on-year increase in ATF prices to over 85 per cent (from Rs 39,000/ kilolitre levels to Rs 73,000 per kl).
Yesterday Whole Market Crushed After FED Chairman's Statement on Further Interest Rate. Today Again We Can See More Panic Selling Can Come in "Precious Metals" As Well As "Energy Complex". Today is Also Crude Oil Weekly Inventory So Evening Session Could Be More Volatile Than Expectations
NIFTY :: Today ....4730-4749 are Hurdles !!
Decisive crossover above 4749 with volumes and stays above for 5-10 minutes..........will take to 4792-4813.
Major Hurdle @ 4822
Support exist at 4688...break will take to 4671-4665
Sensex will face hurdle at 16098...crossover will take to 16187 ,16247.
7DEMA- will act as major hurdle :16301
Support exist at 15989 ...Break below this level will take to 15847---15830 level.
News 4-Jun-08
Headlines for the day
4-Jun-08
Corporate News Headline
Infosys Technologies granted two patents in the area of holography and mobile communications by the United States Patent and Trademark Office. (BS)
ONGC won oil regulator DGH´s approval for giving stakes in its gas rich Krishna Godavari basin block to Petrobras of Brazil and StatoilHydro of Norway. (ET)
ABB India bagged orders worth Rs. 2.95 bn from JSW Energy for its 1200 MW power plant in Maharashtra. (ET)
Economic and Political Headline
The RBI has permitted Indian companies to invest in excess of 400% of their net worth in energy and natural resources sectors, such as oil, gas, coal and mineral ores to impart more flexibility in overseas investment. (BS)
India´s central bank raised capital requirements for consumer finance companies to reduce ``systemic risk´´ after the global credit market seizure pushed funding costs higher. (Bloomberg)
The US Federal Reserve Chairman Ben S. Bernanke announced that interest rates are ``well positioned´´ to promote growth and stable prices. (Bloomberg)
Tuesday, June 3, 2008
MCX Close 3-Jun-08
CLOSING RATE:- CRUDE:-5307,GOLD:-12154,SILVER:-23408,COPPER:-334.3,ZINC:-82.85,NICKEL:-950 .5,LEAD:-87.7,NATURAL GAS:-518.8
Kuwait's Oil Minister Mohammad al-Olaim said on Tuesday that the Organization of Petroleum Exporting Countries was prepared to pump more oil if the market needs it.
"OPEC is prepared to increase supplies only if the market needs it," Olaim said in statements reported by the official KUNA news agency.
Olaim, who was appointed last week, said high oil prices were not related to fundamentals of supply and demand.
New Horror Movies
New Horror Movies
1.Investor ki maut
2.shaitani FIIs
3. khooni nifty
4. veeran broking house
Prices of Fuel
Prices of Fuel in Rs terms: per litre
Venezuela: Rs 2.12
Saudi Arabia: Rs 5 per litre
United Arab Emirates: Rs 15.65 per litre
Malaysia: Rs 25.40 per litre
China: Rs 31.30 per litre
Russia: Rs 42.275 per litre
The United States: Rs 44.25 per litre
Pakistan: Rs 44.80 per litre
Canada: Rs 57 per litre
Brazil: Rs 66 per litre
Hong Kong: Rs 84.10 per litre
United Kingdom: Rs 95.50 per litre
Norway: Rs 112 per litre
Petrol Break Up
Find the detail break-up of the Final price of petrol available in pumps. This is a break up considering crude oil at 130 $ per barrel. Following details are for per liter petrol in Rs. Basic Price = 21.93 Excise duty = 14.35 Education Tax = 0.43 Dealer commission = 1.05 VAT = 5.5 Crude Oil Custom duty = 1.1 Petrol Custom = 1.54 Transportation Charge = 6.00 Total price = Rs 51.90 So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra. Note: all the figures are approximate and eye opener.
Prime Minister Manmohan Singh yesterday, 2 June 2008 reportedly said that the government is left with no option but to hike the fuel prices in the wake of soaring global crude oil prices. However government's move to hike fuel price will face challenge from Left, and may propel inflation above 10%.
L&T
Larsen & Toubro declined 3.17% to Rs 2,823.29 at 10:51 IST on BSE after company said it is seeking shareholders' approval to transfer its medical equipment and systems business to a subsidiary or to sell it.
Keeping election in mind, chances are there that govt is going to reduce duty and taxes on petroleum products and will increase a bit of petroleum prices. Remember that govt has given subsidy to farmers and incresed tax slab, only keeping in mind ELECTIONS
Anu’s Laboratories Limited
Anu’s Laboratories Limited listing date & Info: Listing On: Wednesday, June 04, 2008, BSE Script Code: 532981, ISIN No. INE450H01014.
Buy In Parts
AT CMP / THE MENTIONED RANGE / BELOW :
BUY IN PARTS :
UNITECH @ 203-210
MCDOWELLN @ 1525-1545
RELCAPITAL @ 1100-1125
RELINFRA @ 1140-1170
ACC @ 600-625
CAIRN @ 260-265
DLF @ 556
TATAPOWER @ 1250-1265
SAIL @ 145-150
LICHSGFIN @ 295-302
HARMALAYA@ 80-84
PUNJLYOD @ 277-285
POWERGRID @ 88-92
HINDALCO @ 175-167
KOTAKBANK @ 622-635
YES BANK @ 140-125
SUZLON @ 232-247
TATAMOTORS @ 535-550
Crude Oil Speculation
Why has crude shot up? Any answers? I dont have any,,, apart from speculation, there is nothing much which has potential to keep it there. Do you think the number of cars or other vehichles has quadrappled that makes crude justified at 130? Or have the oil suddenly dried out?
Intra 3-Jun-08
MCX Intraday 3-Jaun-08
GOLD BUY ABOVE 12283, SELL BELOW 12242 CMP 12267
SILVER BUY ABOVE 23442, SELL BELOW 23395 CMP 23432
CRUDE BUY ABOVE 5430, SELL BELOW 5398
SAIL
SAIL will open a Rs 300-crore plant in Pulwama. Construction of the steel plant will begin as soon as SAIL bags a no-objection certificate from the pollution control board of the J&K state government.
Sensex 3-Jun-08
Support for Sensex :-16016
Break and close below 16016 will take to 15443-15252
Sensex will face hurdle at 16235-16415
Nifty (Fut) needs to move above 4800 to get bullish again, or the dip may extend upto 4560. Expect bounce back there.
WHERE IS THE LOSS??
petrol prices in USA has touched $ 4 a gallon or Rs 44/- per litres .. Note that In USA petrol prices are fixed daily and pegged with international crude prices . So in USA the petrol is sold @ 44 /- per litre which is lower than INDIA where it is sold @50+ level... SO still Indian govt is making profit of 10 RS per litre .. the tax component is more than 60% .. so in one hand they are taxing petrol and on other hand they are subsidising it . SO no need to flow tear for the GOVT as they still making profit on petro products
Godrej Properties IPO - Files for DRHP with SEBI
About Godrej Properties
Godrej Properties was established in 1990 as a real estate development company within the Godrej Group of businesses. The company was originally incorporated as Sea Breeze Constructions and Investments Private Limited on February 8, 1985. godrej properties logo
The company’s name was changed to Godrej Properties and Investments Private Limited on July 2, 1990 and subsequently to Godrej Properties Limited on November 23, 2004. Since 1897, customers have trusted Godrej to deliver innovation and excellence across a broad spectrum of services and products.
About Godrej Properties IPO Details
Godrej Properties, one of the leading real estate development companies in India, proposes to enter the capital markets to raise necessary funds for the company’s expansion plans and has filed a draft red herring prospectus with SEBI.The company proposes an initial public offering of 9,429,750 equity shares of Rs 10 each through 100% book building process to part finance this plan.
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