Court verdict in favour of RIL
RIL up
RNRL crashes
SM
Happy Trading,
United we grow!!!
Gives Information about stock movements in Bombay stock Exchange(BseIndia) Bse ,National Stock Exchange (NseIndia Nse) and stock market tips.
Sensex |
Court verdict in favour of RIL
RIL up
RNRL crashes
SM
Attachment(s) from Ravindra Chauhan
1 of 1 File(s)
US has breached important levels downwards. Stay out of markets and wait and watch. If some scrip is available at mouth watering levels, pick small qty.
But do believe in Indian story and do accumulate on way down after 2-3 days…. After the depression is over…
Abe
Looks like a good spot. But move only abv 12.6. But wd say, stay with leaders or good cos like EID
Abe
From:
Sent: Thursday, May 06, 2010 7:43 PM
To:
Subject: Re: [sharetrading] Sugar
Sir,
Prafulla toke
From: A P Abraham <
To:
Sent: Thu, May 6, 2010 8:43:55 AM
Subject: [sharetrading] Sugar
Sugar stocks are ideally at a good add point….
Take
Abe
Even the imposition of import duty and increasing consumption will not help sugar stocks. The news of government bringing back 15 per cent duty on imported sugar and talks of a possible decontrol of sugar have failed to spur sugar stocks. The BS Sugar Index has retreated by around 36 per cent, as against a 3.2 per cent fall in the Sensex and a 22 per cent fall in sugar prices since January 2010. Analysts reckon that things could turn sour for the sugar industry,as prices of imported as well as domestic sugar have slid, while cost of sugarcane is expected to remain the same, if not rise. The landed cost of white sugar is now Rs 27,960 a tonne, as compared to Rs 29,350 a tonne in the domestic market. Hence, imposition of import duty will have limited impact on the industry. Moreover, with production cost estimated to be between Rs 29,000 and Rs 32,000 a tonne at current price levels, there is almost no operating profit. In a strong price scenario in 2009-10, sugar mills paid around Rs 26,000 a tonne for cane. Prices have eased since then, but are not expected to go below Rs 20,000 a tonne. Sugar supply is set to rise to 23 million tonnes in 2010-11 from the 18-million-tonne level of the previous year. Brazil, another major producer, will also see a 12 per cent rise in production, as crushing was higher 50 per cent on year till April. The major sugar players have already seen lower net earnings growth. The sector has been an underperformer with net earnings growing at 8.7 per cent, as against 28 per cent recorded by the corporate sector (sample of 1,000 companies). Triggers now are expected to be an appreciation of the rupee, expensive imports and changes in the quota release mechanism that may allow bulk users to increase their stock holding from 10 to 15 days. International prices may improve if the Brazilian government increase its mandatory ethanol blending norms to 25 per cent from the current 20 per cent. Till then, sugar sector stocks are expected to battle bitter realities. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
THIS HAS BEEN ATTRIBUTED TO TRADING ERROR (KEYING IN WRONGLY AS "B" FOR BILLIONS INSTEAD "M" FOR MILLIONS.PROBE IS ON.OUR MARKET MAY NOT BREAK BELOW 4950 --- On Fri, 5/7/10, Gautam <gautamkj_29@
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Indian Stocks BSE |
Posted: 06 May 2010 07:09 AM PDT Free Intraday Cash Tips from Tipz.in for 7th May 10 530263 ( GLOBAL CAP. )
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Posted: 06 May 2010 07:08 AM PDT |
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Market crash tomo...all hells broken....Dow went all the way down by 870points and now reeling below 500 points...... |