Wednesday, March 31, 2010
As per the technical chart, NTPC is in an interesting point.
The stock is having a strong support around 185-196 levels and one can keep stop loss limits around these levels.
With best wishes
Sunday, March 28, 2010
With best wishes
Thursday, March 18, 2010
Healthy balance sheet
Aggressive expansion plans
Continued interest from VC firms
Dedicated client base
Dependence on US market
Expiry of tax holidays
I feel that the company has the management expertise and the necessary cash to pave the path for aggressive growth in the years to come. Persistent Systems continuously spends in R&D to better its technical skill sets. It appears to be attractively priced considering the potential upside due to capacity addition and earnings in the long term. Even from a long-term perspective also, the company can provide significant returns.
I feel that one can invest in this company at cut-off price (Price Band Rs.290-310)
Thursday, March 11, 2010
Issue Period - March 10, 2010 to March 12, 2010
Issue Size - 33,22,43,200 Equity Shares
Issue Type - 100% Book Building
Face Value - Rs. 1/-
Price Range - Rs.300 to Rs.350
Tick Size - Re. 1/-
Market Lot - 20 Equity Shares
Minimum Order Quantity - 20 Equity Shares
Maximum Subscription Amount for Retail Investor - Rs.100000
IPO Market Timings - 10.00 a.m. to 5.00 p.m.
The pricing is considered to be aggressive and the market would have been happier had the price been fixed in the range of Rs.250-Rs.300. There has been a poor response for the issue so far.
I am of the view that one can look into the issue with a long term perspective and bid at the lower band price considering the facts that NMDC is a low cost producer of Iron Ore having strong competitive advantages and the prospects of the iron ore industry which will benefit from a strong economic growth. The company is having a high RoNW and consistent growth in earnings. Future plans of NMDC to indulge in steel and power production, though associated with risks, may add to the earnings of the company.
Disc: The ideas on market are for sharing purpose only. Investments should be done on own risk.