Current news & Rumours in the mkt

[san_]

if you short selled and now only buyers then it good for you. price will go up. why are you worried ?

prices going up will increase my losses

as sell price would be greater than buy price...

 

[rajeabc]

prices going up will increase my losses

as sell price would be greater than buy price...

sorry San , , I think I was thinking some thing else when replied to your msg.

 

[praveen taneja]

Rumor that Spanish Bank failed stress test pressures Euro"

 

[praveen taneja]

Follwoing companies are trying to get banking licence ,

1. Manappuram
2.Muthoot
3. M&M
4. L&T
5.Reliance Capital
6.IFCI

If you know any more ...Post here

 

[praveen taneja]

Major headlines
Tata Motors speeds up on robust Q1 numbers; the stock ends 4.17% higher
Rolta FY10 consolidated net profit dips 13%; the stock closes 1.33% down
Nagarjuna Construction Q1 consolidated net profit up 18% yoy; the stock ends 1.13% lower

 

[whyLately]

Follwoing companies are trying to get banking licence ,

1. Manappuram
2.Muthoot
3. M&M
4. L&T
5.Reliance Capital
6.IFCI

If you know any more ...Post here

Is JM Financial a candidate given that there were rumours of Reliance's/MA's interest in it?

 

[praveen taneja]

A few years ago, the Government had bailed out a sinking IFCI with a loan of several hundred Crores. Bonds were issued by the company against this loan with an option to convert the loan to equity at par (Rs 10). The question about this bond conversion had remained unresolved - one reason why outside investors backed out from buying a 26% stake a couple of years back.

Now the Government has decided to convert the loan to equity. That means the equity capital of IFCI will get bloated by several hundred Crores - with a corresponding increase in the P/E ratio (because EPS will get drastically reduced). That is the reason for the sudden drop in price.

The triggers for any up move in the share price are induction of outside investors and issuing of banking licence. Till then, the down side risk is greater.

 

[praveen taneja]

Is JM Financial a candidate given that there were rumours of Reliance's/MA's interest in it?

Niether Reliance interested in this sinking ship (JM) nor JM is in banking fray sorry niether any news nor rumoour of any type but If u have concrete news tell us all thnx for sharing ur view bro

 

[praveen taneja]

http://www.hindustantimes.com/SEBI-targets-black-money/Article1-590331.aspx

 

[alroyraj]

http://www.hindustantimes.com/SEBI-targets-black-money/Article1-590331.aspx

Still the Mauritius route is not plugged and the SEBI goes after the retail investors with this. How about saying that this is a major quantum of the money routed into the markets!