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xbox
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Joined: 10/Sep/2006
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Posts: 2001
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   Posted: 08/Apr/2007 at 8:15am |
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Difficult to postmortem it. I feel they were momentum stock without great fundamental backing. Stories were narrated at many places and now nobody is believing it, so they are down quite sharply. They never saw ray of light after May'06. I respect Sharekhan, so I feel that Marksans could be great pick at around INR 50. It could be no risk, all reward stock. Seeing liquidity situation, it is difficult to believe sustain bounce to these B-graded mid/small cap stocks.
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Don't bet on pig after all bull & bear in circle.
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PrashantS
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Joined: 14/Oct/2006
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Posts: 1294
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Posted: 17/Jun/2007 at 2:15am |
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well u get worried when it falls so sharply....whwat is the gaurantee that it will not go to 25 levels...need solid evidence for a bounce back
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kanagala
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Joined: 31/Mar/2007
Location: India
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Posts: 1229
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Posted: 17/Jun/2007 at 9:19am |
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Marksans and surya pharma are the stocks sharekhan recommended. They never recovered after that big fall. Sharekhan even stopped covering them anymore. I don't know how come they recommend stocks without conviction.
Other high flying stocks are ind-swift and ind-swift labs. There is something about these pharma stocks.
As Charlie Munger did put it,
Some stocks are dirt cheap becuase they are dirt.
Some of these stocks are definitely dirt.
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jstk
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Joined: 14/Sep/2006
Location: India
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Posts: 191
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Posted: 18/Jun/2007 at 12:22pm |
Originally posted by BubbleVision
NELCO -
20-March-1992 -- Rs 93.00
04-Apr-2007 -- Rs 83.00
Long Live holding forever!!!!
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uderstand the sentiment ......but the share price comparison is not factually fully correct.
In 92, the equity was around 7.6 cr, they came out with a rights a year or so later.
Excatly 10 yrs back ( june 97 ), Nelco was around Rs.5 & m/cap 11 cr and then touched neary Rs.200 ( m/ cap 450 cr ) in dec 05
So from that perspective a 20 bagger ( @ current price ) in 10 years is very good.
but thats pure theory.I personally dont know anyone who got in at that price .
The point i'm trying to make is that with these kind of stocks, the entry point & the entry reason is very important.
If you know why you are buying the stock ( intervention of discernible catalysts , new plans, events over a time horizon ), then thereafter conviction does remain the key as these are not quarter to quarter kind of stocks but can make huge moves over a longer time frame .
talking about Nelco, this is the 1st company Ratan Tata managed independently in the early 70's and was supposed to be very close to his heart. So this is not going to die an early death, for sure.
jayendra
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If you buy for a non-value reason, you will end up selling for a non-value reason.
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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 09/Aug/2007 at 8:43pm |
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India to get $10b aviation offshore business
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BANGALORE: The Central government's offset policy is expected to bring aviation offshoring deals worth over $10 billion to the country in the next couple of years. The government has already committed to acquire commercial and defence aviation products, aircraft, components, services and equipment worth $40 billion, with an offset component ranging from 30% to 50%.
Under the offset policy, the government holds back a minimum 30% of the invoice value of any civil or defence aviation related purchase over a mutually agreed period of time, till the seller outsources services equivalent to that of the offset share. The policy is aimed at helping to build an eco-system to support the growth and upkeep of the industry.
Some of the deals cleared include: 68 aircraft from Boeing for Air-India at $6.7 billion (with an offset share of 30%), 43 aircraft from Airbus for Indian at $2.7 billion (40%), 200 helicopters from Eurocopter for defence at around $20 billion (50%), and 126 MRCA (multi-role combat aircraft) from multiple vendors for defence at $10 billion (50%).
The major chunk of these offshoring deals are expected to land in Bangalore. Currently, no other location in the country has a comparable aviation ecosystem. "Bangalore will get over 70% of these offshoring deals. Most of these engagements will be IT support solutions, software development, avionics and engineering areas," Kaul said.
According to Dataram Mishra, CEO of engineering services company Cades, "capacity, capability, cost and compulsion" will be the drivers of this emerging space. | |
Source: News in TOI
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Joined: 02/Sep/2006
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Posted: 01/Sep/2007 at 11:49pm |
India is developing a military appetite to match its growing economic power.
Military analysts expect the country to spend over the next five years as much as US$40 billion on weapons procurement alone, more than its entire annual armaments budget today, upgrading everything from artillery to submarines to tanks in its largely Soviet-era arsenal.
As a result, India will become one of the largest defence markets in the world.
Determined to build a domestic defence industry, India is requiring foreign suppliers to manufacture a sizable portion of any military goods in India. In the case of the jet fighter contract, the winning bidder must produce goods worth half the contract's value in this country. So, American companies have been busily pairing up with locals.
So far, most partnerships are little more than agreements to collaborate on future projects. In February, Raytheon and the electronics division of the Indian giant Tata Power signed such an agreement. The same month, Boeing signed an accord with Indian engineering firm Larsen & Toubro to develop new projects. And Northrop Grumman has signed on with Bangalore's Bharat Electronics and Dynamatic Technologies to investigate joint opportunities.
Source: BizTimes
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 26/Oct/2007 at 9:45am |
India is likely to have eight to ten manufacturing companies that are global leaders within the next three to five years. That forecast was made yesterday at a conference in Delhi by Baba Kalyani, chairman and managing director of Bharat Forge - which will certainly be one of them because it is already the second biggest forgings company in the world. Kalyani told my colleague Clay Chandler that he expects to overtake Germany’s Thyssen Krupp as the world leader “by the end of next year.”
Others should include Tata Steel, Suzlon Energy which is already a leader in wind turbines, Larsen & Toubro, which is India’s leading heavy construction company, and Bajaj Auto with its two-wheelers, plus Ranbaxy in pharmaceuticals.
Kalyani was speaking at a conference on Indian companies becoming big in defense and civil aerospace manufacturing. This is the only area has not been opened up and developed since India’s economic reforms began in 1991, so the potential is huge – emulating what has happened in the auto industry. “We could build a self-reliant aerospace industry,” said Kalyani, based on India’s skills and the cost of its components which were 20-30% lower than in Europe, Japan and the U.S.
“High skills at lower cost” was his slogan. That led to “frugal engineering” - a phrase used by Carlos Ghosn, CEO of Renault, to describe the advantages of India’s auto industry.
Several of the potential leaders named above would benefit enormously if only the Indian government would really open up defense production to the private sector instead of just talking about it.
L&T already makes rocket parts and is building the hull of a (secret) nuclear submarine. It wants to be a leader in India’s shipbuilding industry, which is only just beginning to emerge, and plans to build warships.
M&M is already making jeeps and other vehicles including a multi-purpose high mobility rival for the Humvee. Bharat Forge would diversify from its auto industry focus. It is now aiming at the international civilian aerospace industry where Kalyani sees big potential for supplies from India.
But the government is going slow in the defense area.
Currently 70% of India’s $10.5 billion capital expenditure budget for military equipment is being spent abroad, and only about 30% of the orders placed in India - or 9% of the total - goes to India’s private sector. A new, and as yet untested, offsets policy requires foreign defense suppliers to spend 30%-50% of their orders in India, which is forecast to generate $10 billion in orders in the next five years. That illustrates the huge potential for Indian private sector companies to grow fast, using defense manufacturing as a base. Companies like Bharat Forge can start by supplying the world’s civilian aerospace industry, but the real potential is in this defense field – when the government really does something about it.
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 07/Dec/2007 at 10:49pm |
Indian conglomerate Mahindra and Mahindra is understood to have emerged as a preferred partner of international defence equipments major BAE Systems for a manufacturing joint venture in India.
The proposed JV will manufacture combat vehicles and other land-based defence equipments.
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