from archives / Oct 06

Friday, October 27, 2006

Panch Tattva: Recent – ZEE,RELCAPITAL,RUCHISOYA and many more -27 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent

Dear Friends,

 

The results have been pouring in business news channels, which is good in some cases and not so good in other cases. This mixed bag has to be dealt with item wise assessment of the strength for identifying the right type of stocks at present. Please look at the following for an idea of strength under the ‘Panch Tattva Teknik’:

 

ZEE @291/- on 26.10.06 gets 827 points and is not good for investment.

 

RELCAPITAL @558/- on 26.10.06 gets 1023 points and may be bought on declines and booked profit along the way.

 

RUCHISOYA @287/- on 26.10.06 gets 1084 points and may be bought with profit booking when opportune.

 

HAVELLS @323/- n 26.10.06 gets 715 and may not be bought.

 

MAHASEAMLESS @ 405/- on 26.10.06 gets 1038 points and may be bought and book profit along the way.

 

M&M @731/- on 26.10.06 gets 1025 points and may be bought on declines and profits booked along the way.

 

ANDHRABANK @ 92/- on 26.10.06 gets 1094 points and may be bought on declines.

 

SCI @ 171/- on 26.10.06 gets 1321 points and may be bought and kept until next qly.

 

CORPBANK @ 396/- on 26.10.06 gets 1113 points and is good for purchase.

 

MARUTI @ 950/- on 26.10.06 gets 957 points and it is better to get out of this stock for the time being.

 

ICI @349/- on 26.10.06 gets 823 points and may be sold off if in stock.

 

ALBK @ 87/- on 26.10.06 gets 1140 points and is good for investment.

 

SICAL @ 257/- on 26.10.06 gets 774 points and may be sold off if in stock.

 

NAHARIND @ 192/- on 26.10.06 gets 1060 points and may be bought and profit booked on jumps.

 

DCMSRMCONS @ 97/- on 26.10.06 gets 910 points and may not be bought.

 

EICHERMOT @ 353/- on 26.10.06 gets 998 points and may be bought on declines.

 

OMAXAUTO @ 101/- on 26.10.06 gets 1021 points and be bought for three months.

 

BERGERPAINT @53/- on 26.10.06 gets 830 points and may not be bought.

 

USHAMART @ 159/- on 26.10.06 gets 1139 points and buy it for three months.

 

SRF @ 239/- on 26.10.06 gets 1354 points and may be bought and profits booked along the way.

 

ATFL @94/- on 26.10.06 gets 1066 points and may be bought but book profits along the way.

The NSE code is used for the company. You are requested to follow the stoploss practice at two stages as has been told earlier on many an occasion.

 

The markets do not seem to go up in near future as some sectors are under pressure and other may come under pressure over the next half year. You may selectively invest but be ready to move out of markets whenever any macro level adverse development is in sight.

 

Tata Steel is weak on account of its CORUS initiative .It may recover shortly, as the Tatas are not risking Tata Steel money in an unlimited way. It seems it will only be committing two years cash generation for the CORUS deal at best and concentrate on expansion domestically. Therefore, to some extent it may affect Tata Steel bottom line in short run and may give reward over time but would not prove to be too much of a burden. As earlier thought, the Tatas are only finding way in to over seas markets and a resting place for the groups’ excess cash.

 

Hari Om

BIRDINFO Stock Rx – A Vedic Prescription for stock market

Wednesday, October 25, 2006

Panch Tattva: Recent – CHENNPETRO ,FEDERALBNK,BONGAIREFN and many more – 25 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
Gentlemen,
Please note the following :
CHENNPETRO @182/- on 23/10/06 gets 944 points and don’t buy.
FEDERALBNK @211/- on 23/10/06 gets 1154 points and please buy this for quick profit booking.
BONGAIREFN @ 57/- on 23/10/06 gets 1001 points and is good for investment and booking profits along the way.
TCI @376/- on 23/10/06 gets 983 points and may be bought for long term.
BALMERLAWRIE @426/- on 23/10/06 gets 1001 points and may be bought for three months and reviewed upon next quarterly.
INDIACEM @220/- on 23/10/06 gets 1184 points and may be bought with conviction.
TVSMOTOR @116/- on 23/10/06 gets 840 points and may not be bought.
HEROHONDA @751/- on 23/10/06 gets 883 points and may not be bought.
ICICIBANK @720/- on 23/10/06 gets 907 points and should not be bought.
You should apply the standard practice of keeping the stop loss points in mind after purchase, this way you would be sticking with winners and getting out from the doubtfuls. It will also keep your money free for investment in to right kind of stocks.There is however not much chance that stop losses would actually be hit.
Wish you a profitable trading times ahead.
Hari Om

BIRDINFO Stock Rx – A Vedic Prescription for stock market

Sunday, October 22, 2006

Panch Tattva: Recent – SATYAMCOMP,CIPLA, ALLCARGO,KERAMIND,VOLTAS and many more – 21 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent

Dear Friends,

The Index seems to be under pressure but some stocks out side the leading indices are showing possibilities of advance.Please note the following:

SATYAMCOMP @428/- on 20 Oct gets 1008 points and is at its right point.You may or may not go for it as per your own choice.Advance in near future may be used for getting out and drops in price in near future may be used for investment.

CIPLA @ 262/- on 20 Oct gets 985 points and this is good for investment.

ALLCARGO @809/- on 20 Oct gets 870 points and may be ignored.

KERAMIND @453/- on 20 Oct gets 1114 points and this stock may be bought and kept for three months.

VOLTAS @739/- on 20 Oct gets 739 points and this stock has been too much in lime light lately and is no more worthy of investment at this level.

DENABANK @33/- on 20 Oct gets 1286 points and may be bought and profits booked along the way.

I-FLEX @1512/- on 20 Oct gets 920 points and may not be bought .

SUNPHARMA @909/- on 20 Oct gets 1005 points and may be bought in moderation and kept.

You may have noticed that the point level gives good idea about the stock’s strength, you are requested to please let me know if any clarification is required.

Hari Om

 

BIRDINFO Stock Rx – A Vedic Prescription for stock market

Saturday, October 21, 2006

Market Matrix: My perspective on Tata’s Deal with Corus – 21 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent

The Tatas have won the first round equaling many rounds unlike the Mittal-Arcelor case. There is however, one similarity in both cases that the real motives have never come out behind the takeover/merger excercise.There is no apparent economic gain directly related to these excercises.There would be eventual gains, possibly, and there may be eventual surprises, suggesting that the deals were ill conceived.

 

Both the groups have done it to safe guard their own interests by going global.Mittal was not too comfortable to have his wealth represented by companies under a person who had yet not shed the Indian citizenship and who had all his businesses out side India. In a changed world order, he would have found his stakes under threat. Merger has given him status of a large but minor shareholder and representation on the board. He is a ‘marwari’ and would not be lacking in substantially moving out of the steel company if the prospects in steel so demand, before any body realises.The trend in steel would be behaving like the high and low tides in sea, without doubt.

The Tatas also have been lately feeling that they too have grown too big for the Indian shores to keep them confined. They also have desire to be more spread out for greater safety of their stakes and for greater manuvreability.Haven’t we seen the groups confined to a state wanting to spread out all over India as soon as they grow bigger. Their headquarters may also be shifted to Mumbai. It is not the end of story, there would be umpteen examples following this very course. My sole objection is that the shareholders of the company are taken in confidence and are not left guessing. The flow of information is so selective as to not give a slight inkling about what may be in store for them. This is really a very sorry state of affairs. The concerned groups should make it a point to spell out the whole design and show how it is going to affect the other shareholders. They should even be given an exit route in case of dilution in value solely because of the big deal initiated.

 

I read today’s paper and listened to the bosses talking themselves, live on TV channels. I am sorry to say what is made available in a coarse manner is non-coherent, half-baked, scantily revealed information. Let us hope the unfoldment in future would be somewhat adequate to clear the matter.

Specific to Tata’s case it can said that while the Tata Steel has been riding on high profit trajectory at the moment in domestic markets and has been able to make it self very cost effective producer for the last decade or so, on the strengths of having captive mines nearby, having achieved success in its voluntary retirement schemes and expansion of markets calling for reduced lead distance for distribution and rational movement on account of end to govt control on steel. The other advantage has been that the opened up economy demanded immediate supply of steel and the gestation period is large for integrated steel projects. This has made steel prices rather attractive in India for the time being. There should be no doubt that the fresh supply from the projects in pipelines would sober down the prices. Further more supplies that are international also may make a difference. If Tatas have thought to take help of Corus for conversion in to value added products for the semis coming out of their own newer projects, it is all right but it could be an arrangement with many a parties when the time comes. They have unnecessarily put a larger head on a weaker neck, even if the body has become strong due to better metabolic rate. Their plate is full with domestic responsibility. The only reason that I have come to think of is that TCS ownership has prompted them to go all out as the investment venues have to be sought for the proceeds of diluting the TCS stake. The cash flow is robust for the group as a whole and they may be finding it difficult to absorb all in their domestic expansions. It is all right if they have thought so but my concern for the ordinary shareholder remains.

 

I have yet another angle that may have prompted them to go for this deal.Tatas have only 32 % holding in Tata Steel and they require to raise it to higher level warding off the take over threats which are more real than ever before. By burdening Tata Steel with the Corus buy out they have made it completely impractical any hostile take over excecise.The other course of buying Tata Steel equity was in any case difficult as even one percent purchase would have raised the Tata Steel share price by more than 10% in this boom time for steel and for the market in general.

 

Tatas have in this case tried to some what insulate the Tata Steel by forming a SPV in UK for the take over but the cash committed to its coffers from Tata Steel kitty would make the progress on domestic expansion that much leveraged and hence more risky. Any way I am only thinking loud, other wise who can really challenge the wisdom of mighty Tatas. Sitting pretty and watching the drama from a distance is our destiny.

 

Hari Om

BIRDINFO Stock Rx – A Vedic Prescription for stock market

Friday, October 20, 2006

Panch Tattva: Recent – RELIANCE,REL,RANBAXY,HDFC,LT – 20 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
Gentlemen,
The Tatas bid for CORUS and the CORUS board has already approved of it.Let us see how the ordinary share holders of CORUS react.Tata Steel share price has come down since then and offers a good opportunity to pick up.I think Tata Steel would not be carrying the enter burden of CORUS investment but would be funding it as one of the entities interested. This would slightly make the Tata Steel less attractive but it may eventually prove to be rewarding too.
Some of the Nifty stock have been analysed and see what it tells:
RELIANCE @ 1197/- on 19th Oct gets 961 points and this may be bought on corrections.
REL @ 460/- on 19th Oct gets 955 points and here also buy on corrections.
RANBAXY @410/- on 19th Oct gets 728 points and please ignore it for the time being unless somebody is know of some great development in near future.
HDFC @1456/- on 19th gets 1182 points and is good for investment.
LT @1276/- on 19th Oct gets 854 points and may not be bought.
NIFTY should remain under pressure today.
Hari Om

BIRDINFO Stock Rx – A Vedic Prescription for stock market

Panch Tattva: Recent – KOTAKBANK,EIDPARRY,GSFC,IDBI and many more – 20 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
Gentlemen,
As the result season is progressing , the over pricing is being noticed in indices stocks generally but other than the index stocks some stocks have potential to go up for the next three months at least.The attention may now be diverted to the middle sized companies.I have been giving the points achieved by some such companies and there are a few more given hereunder ( instead of the full company name only the NSE symbols have been given):
KOTAKBANK @339/- on 19th Oct gets 876 points and may be sold off if in stock.
EIDPARRY @167/- on 19th Oct gets 1147 points and should be bought with profit booking resorted to when opportune.
GSFC @180/- on 19th Oct gets 1200 points and may be bought.
IDBI @78/- on 19th Oct gets 944 points and may be bought only on declines.
LUPIN @509/- on 19th Oct gets 849 points and is not good for investment just yet.
HDFC @1456/- on 19th Oct gets 1182 oinand may be bought and kept for long term.
MAHABANK @37/- on 19th Oct gets 1239 and surely buy this for booking gains along the way.
CANBK @ 277/- on 19th Oct gets 1081 points and buy this in small way and add on declines.
GUJALKALI @156/- on 19th Oct gets 1266 points and buy it and book profits along the way.
ORCHIDCHEM @207/- on 19th Oct gets 913 points and may be ignored.
HCC @122/- on 19th Oct gets 764 points and not recommended for investment.
You are advised to reassure your self before acting up on the advice as no responsibility for the out come of your trading is undertaken. Stop Loss may be applied in the standard way.These only a few companies and you may surely ask for the ‘panch tattva’ numbers for the scrip of your choice at a moderate charge of INR20/- each( this charge will be increased for the ones who have not already at least once asked for it before the end of calender year, those who have done would be served at the present rate).
You may have noticed that some of the recommendations have given profits of over 5% in the first week of investment itself, so please act on some of the advices and see practical results.

Hari Om
BIRDINFO Stock Rx – A Vedic Prescription for stock market

Panch Tattva: Post Result – GRASIM – 19 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
Gentlemen,
The cement companies are throwing up good results one after the other and from this sector no body should get out after entering,those who are invested in cement sector after my advice earlier in the year must be in very good standing and they may continue with the investment in cement scrips.See the points of an important player below:

GRASIM @2584/- (18 Oct 07) gets 1106 points and may be added to your portfolio right away.
Hari Om
BIRDINFO Stock Rx – A Vedic Prescription for stock market

Panch Tattva: Recent – Jyoti Structurals,Essel Propack,Titan,OCL India and many more – 19 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
You have a further lot to consider for your trading pick ups:
JYOTISTRUC(Jyoti Sructurals) @120/- (18th Oct) gets 876 points and may not be bought.
ESSEPACK(Essel Propack) @ 86/-(18th Oct) gets 989 pointts and you may buy it 2/3 strokes, be evry particular to book profits.
TITAN @819/- (18th Oct) gets 775 points and may not not be bought just now.
OCL(OCL India) @186/- (18th Oct ) gets 1035 points and may be bought in 2/3 strokes and book profit along the way.
TECHM @(Tech Mahindra) @ 684/-(18th Oct) gets 1084 points and may be bought and retained till next quarterly.
BHUSHANSTL (Bhushan Steel & Strips) @340/-(18th Oct) gets 1275 points and this may be bought in 2/3 strokes and then be very particular to book profits.
ASHAPURAMIN (Ashapura Minechem) @ 203/- (18th Oct) gets 1099 points and you may buy it with an angle of booking profits quickly.
The results are a mixed bag and so is the future expectation about the markets.The scrip wise approach is best in these circumstances.
HariOm
BIRDINFO Stock Rx – A Vedic Prescription for stock market

Panch Tattva: Recent – BAJAJAUTO ,HINDALCO ,WIPRO and many more -18 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent

Gentlemen,

 

It is the results season and you have a host of companies analysed to know the Panch Tattva points to have an idea as to where they are placed in strength for the buying/selling decision (those who acted upon advice in these scrips three months back should pay special attention to act further as per the direction):

BAJAJAUTO @2899/- as on 18/10/06 gets 875 points and may not be bought.

 

HINDALCO @187/- as on 18/10/06 gets 1096 points and may be bought.

 

WIPRO @557/- as on 18/10/2006 gets 991 points and is neutral; I am however not in favour of IT sector investment now.

 

MARICO (Marico Ltd.) @516/- as on 18/10/2006 gets 857 points and no chance of buying is there, please get out if in stock.

 

NICOLASPIR (Nicholas Piramal Ind.) @246/- as on 18/10/2006 gets 940 points and it is not recommended for retention or purchase.

 

FINCABLES (Finolex Cables) @398/- as on 18/10/2006 gets 950 points and not recommended for retention or purchase.

 

UNIONBANK @130/- as on 18/10/2006 gets 1088 points and this may be bought and book profits when opportune and apply stop loss at 3/6 % adverse movement on 50/50.

 

EXIDE @ 38/- as on 18/10/2006 gets 904 points and may be ignored.

 

WELGUJ (Welspun Guj. Stahl Roh) @74/- as on 18/10/06 gets 1047 points and buy it in two/three strokes and be ready to book profits along the way, put stop losses too.

 

IPCALAB @427/- as on 18/10/2006 gets 1086 points and may be bought and book profits along the way.

 

BIOCON @383/- as on 18/10/2006 gets 879 points and is not recommended for retention or purchase.

 

IPCL @ 300/- as on 18/10/2006 gets 1247 points and may be bought with profit booking in mind and use stop losses as per standard practice.

 

JPASSOCIAT @472/- as on 18/10/2006 gets 910 points and may be bought on substantial discounts only.

 

PIDILITEIND @ 103/- as on 18/10/2006 gets 927 points and may be ignored.

 

JUBILANT @ 207/- as on 18/10/2006 gets 908 points and may be ignored.

 

KIRLOSOIL (Kirloskar Oil Engines) @272/- as on18/10/2006 gets 918 points and may be ignored.

 

PETRONET @ 57/- as on 18/10/2006 gets 889 points and may be ignored.

 

KBL (Kirloskar Bros.) @425/- as on 18/10/2006 gets 1073 points and may be bought in moderate quantity.

 

INDIABULLS @427/- as on18/10/2006 gets 1061 points and may be bought and profits booked when opportune.

 

BHARATFORG (Bharat Forge) @360/- as on18/10/2006 gets 892 points and this may be sold off.

 

HDFCBANK @979/- as on18/10/2006 gets 946 points and may be bought only upon substantial discount.

 

TPNL (Tamil Nadu Newsprint) @ 99/- as on 18/10/2006 gets 1094 points and should be bought and stop loss as per standard practice be applied.

 

DCHL (Deccan Chronicle Holding) @633/- as on18/10/2006 gets 1078 points and is good for investment but profits should be booked.

 

CMC @ 628/- as on18/10/2006 gets 897 points and may not be bought.

 

KEI (KEI Ind) @359/- as on18/10/2006 gets 998 points and is good for purchase with stop losses at 4/8% on 50/50 quantity.

 

JBFIND @108/- as on18/10/2006 gets 1180 points and may be bought but book profits.

 

I do hope that you would fairly be guided by above.

 

Hari Om

BIRDINFO Stock Rx – A Vedic Prescription for stock market

Tuesday, October 17, 2006

Panch Tattva: Recent – TCS,ULTRACEMCO,LAXMIMACH -16 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
Gentlemen,
Here are three worthy companies where you may try your hand out as per the given strategy :
TCS(Tata Consultancy Services) @1130/- as on 16/10/06 gets 1020 p0ints and this is healthy point level and those who have faith in IT may surely go for this scrip,I may however advise that in IT sector fireworks would be missing and slow and steady pace of progress may be seen.When the companies achieve more than a Lac of crore in market capitalisation the elephant like gait only may be expected not the lion like springing action.Also since the managements have a bigger stake in these companies they would regularly be selling some part of it for their other monetary requirements.The IT companies do not raise big monies from market because they can not use cash for raising the size of operation in a short time. It has to grow only by making haste slowly.
ULTRACEMCO(Ultratech Cement Ltd) @886/- as on 16/10/06 gets 1071 points and calls for investment,please be ready with stop loss mechanism to move out of the investment at 4% and 8% adverse movement.Review after the next quarterly.
LAXMIMACH(Lakshmi Machine Works) @ 28479/- as on 16/10/06 gets 955 points and the investment in to this scrip should wait and only on deep correction this may be bought,,best is to wait till next quarterly.
We have a ray of hope that some of the well managed companies which give out their performances early have shown very good results so there seems lesser worries on the price front and the Nifty may manage to stay above the peak achieved earlier in May 06 after decisively crossing it.
Hari Om
BIRDINFO Stock Rx – A Vedic Prescription for stock market

Monday, October 16, 2006

Market Matrix: The Sensex Possibilities – 16 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent
Gentlemen,
When the Sensex touched 12736 on Friday the 13 Oct 06 there was lukewarm response from the side of public at large.The reason lay in the fact that only select stocks had gone up and the rest were resting still. The euphoric conditions without general participation are viewed with suspicion. Coupled with it when some reports are seen which give only half baked analysis,I rather surprise at the state of affairs in financial reporting. The following are the excerpts from an article that appeared in the TOI(Ahmedabad Edition) on Saturday the 14 Oct 06:
‘Sensex touched all time high 12736 points on the 13 Oct.This discounts PE for Sensex at 22.09.On May 10th 06 Sensex at 12612 was at 22.15 PE.ENAM expects the 06-07 earning to go up by 32%.With improvement the EPS for Sensex as a whole, would work out to 672/- and the discounting for Sensex would come down to 19 PE. ENAM further expects the 07-08 earnings growth @17% , after which the discounting would further come down to 16 PE as then the EPS would be 785/-.’
The writer Mr.Prabhakar Sinha has further contended that present high discounting is in expectation of high rate of growth.As earnings would be bigger next year the discounting ratio for Sensex will come down naturally.
I now request my readers to further understand the whole thing given above.While one may not entirely dispute that the EPS for the Sensex would go up in the current year and the next and it may actually touch 785/- for the sensex. Resultingly the sensex PE would be down to 16. Now should it be any comfort going forward at this level of discounting? Before answering this question we have to also raise the bar for Sensex. Over two year holding period the cost of carry at just a moderate 10% p.a. would actually be taking the real level of Sensex to 15400 points.Therefore the EPS of 785/-,as expected, would be discounting the Sensex at over 19 PE multiple. So, in practical terms no ground would be gained and risk would remain glaring in the eye of investors. This simple but useful exercise is enough to put off the serious and risk averse investor from making foray in to market at this high level generally. However, the specific stocks may be selected and bought. They say in the game of Bridge that whenever in doubt play trumps, I say that whenever in doubt in the stock markets check ‘panch-tattva’ points. You are welcome to contact me at <!– D([“mb”,”\’krsnakhandelwal@yahoo.com\’.

HariOm

krsnaKhandelwal

\n”,0] ); D([“ce”]); //–>‘krsnakhandelwal@yahoo.com’.

Hari Om
BIRDINFO Stock Rx – A Vedic Prescription for stock market

Saturday, October 14, 2006

Market Matrix: General Scenario – 14 Oct 2006

By krsna Khandelwal – A Stock Market Vedic Theory proponent

Dear Friends,

The last week has been somewhat special. The indices have charged up, however, the portfolios of people may not have shown the corresponding appreciation. This is a cause of worry. In times of such wonderful news flow facility, there are still some people who have news before every one else. I mean the insider trading is rampant and the SEBI may not check it as the ways of these people are now more improved. We have to beat the insiders at their own game. How can we do is to stick with the principled approach. The Rome was not built in a day; some people want to build the whole Italy in a day. By this, I have referred to the march of indices at the hands of some handful. I have to say again that our ‘Panch Tattva Teknik’ is a great tool to navigate and profit during the turbulent period without having to burn fingers.

 

On the political front our Man Mohan, who so innocently endears himself to every body, talked tough on the public platform. He said that the SEZ initiative would be unruffled, come what may. He has tried to be statesman without achieving the heights of the tallest one amongst the PMs of India i.e. Nehru. Once upon a time Nehru had toyed with an idea of Mixed Economy. He then was bent upon giving it a firm character which could be possible by first taking every body concerned in to confidence and starting it at the party’s(Congress party) own platform and then on the platform of ‘Loksabha’. In the process, he started a public debate and after the fierce arguments for and against at every possible public and private forum, a consensus opinion developed and the Industrial Policy Resolution of 1956 was passed. This is the route the statesmen take unlike what the lesser ones do and where the power centres start very casually addressing their own constituencies. Let us hope that the graduation to the league of Nehru would not be difficult for Man Mohan eventually, after all, he prefers to dress like Nehru, but lacks to communicate like him. Do not blame him entirely for this, he has had a different kind of greatness thrust upon him, he is great in his economics no doubt.

 

You were told about the ‘Tata Steel-Corus Saga’ last week. What was told has come prophetically true.Tatas would find it hard to clinch the deal. They may do the best to keep the investing in the CORUS group under the Tata groups own investment arms for the time being, by raising moneys out of profits and dividend receipts and out of proceeds of selling part of their stake in TCS. After some time they may try their hand at full merger or take over by Tata Steel. Do not do this and I do not find a suitable way, which will not upset the applecart of the Tata Steel shareholders. Interest of the company’s shareholder should be supreme in the eyes of the just managements, not their own private dreams. Those who wish may surely invest in Tata Steel for the price today is at risk free level, come what may.

 

Wishing you a very happy Shubh Deepavali.

 

Hari Om

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