Jitendra Gala
(M)09833111048
www.buzzingstock.net
e-mail : buzzing@buzzingstock.net
Jitendra Gala is a professional in this field and has long experience in the Indian Stock market. He provides tips to small and medium investors. His services are targeted to benefit small and medium investors. He has also written very popular book named Guide to Indian Stock Market. This book is available in English, Gujarati, Marathi and Hindi.
Comments
I’m posting my feedback/opinion after a long pause because of the market uncertanities. I feel that , the market will gain based on the N-Deal news followed by the Q2 numbers . Might gain momentum till INFY results. I have chosen a few small cap stocks for my fellow visitors.
HINDUSTAN MOTORS- “MITSUBISHI MONTERO SUV” will be launched this week. Stake sell news to MITSUBISHI MOTORS might come out before this week end. 50% upmove expected.
GATI - Freight hike news tomorrow. 25% upmove expected.
VGUARD - Merger/Acquisition news before this week end. Can shootup to 66.
Use your own sources and think about the fundamentals before you enter any of these stocks.
Enjoy.
I feel that all COLOR PAINTS manufacturers will gain from now on because of the FESTIVE SEASON till DIWALI. I personally hold ASIAN PAINTS and planning to get into such stocks.
ASIAN PAINTS, BERGER PAINTS and stocks like these could move up.
Any suggestions ???
Lehman Brothers’ move to file for bankruptcy wiped off more than Rs 2,000 crore from the market valuation of those Indian companies in which the US financial major has made equity investments.
Lehman itself recorded a loss of more than Rs 50 crore on its investments in India, which is nearly 10 per cent of its current holding worth an estimated over Rs 500 crore.
The loss would have been much higher if Lehman had not started offloading its equity holding in Indian companies late last month.
In a major selling spree that started on August 21, Lehman has sold shares worth close to Rs 400 crore in nearly 10 companies, including NIIT Ltd, Cranes Software, Amtek Auto, Amtek India, Fedders Llyod, Northgate, Mastek, Triveni Engg and Prajay Engg.
Prior to this sell-off, Lehman’s Indian equity portfolio is estimated to have been worth more than Rs 1,000 crore, which has now nearly halved to about Rs 500 crore.
Most of the shares offloaded by Lehman in India, including those in NIIT, Cranes, Amtek Auto, Amtek India and Northgate, has been purchased by Deutsche Bank, according to the bulk and block deal data available with the bourses.
Besides the 10 companies where Lehman has offloaded its shares, Lehman had equity holding in about two dozen firms at the end of June quarter.
These firms include Spice Communications, Spice Mobile, Anant Raj Industries, Edelweiss Cap, IVRCL Infra, Tulip Telecom, Consolidated Construction, PSL, Orbit Corp, Development Credit Bank, Champagne Indage, Godawari Power, KPIT Cummins, West Coast Paper, IOL Netcom, Dhampur Sugar, Prithvi Info, Golden Tobacco, Emkay Global, Vijay Shanti Builders and Pioneer Embroidery