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SingleMalt
Groupie
Joined: 25/Apr/2009
Location: India
Online Status: Offline
Posts: 96
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   Posted: 27/Jul/2009 at 12:42pm |
Originally posted by mahesh004
you may want to look at United Phosphorous to understand how to evaluate Rallis. Rallis can be atleast tomorrow's United Ph. |
I sure hope so! 
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If only I knew then what I know now...
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prabhakarkudva
Senior Member
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
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Posted: 02/Aug/2009 at 12:06pm |
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Is rallis trading at a PEG < 1. I am not sure why the PE is still quite decent(low,i think TTM PE is around 12) inspite of the good results that the company is showing.
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Crimsonarcher
Senior Member
Joined: 05/Oct/2006
Location: United States
Online Status: Offline
Posts: 355
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Posted: 09/Aug/2009 at 11:16am |
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This was available at 250 Rs about 3 months back, when RJ increased holdings in this. I think this is both a turnaround case, as also benefitting from the govt's debt write off to farmers last year. the 60K Cr writeoff, would lead to farmers re-investing in the coming years for higher crop yields which would have a trickle down benefit to companies in the agricultural/fertiliser/seeds/pesticides space.So have to see how the earnings play out in the coming years, but its a great buy with high EPS, Low P/E and high dividend yields.
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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Posted: 12/Aug/2009 at 10:29pm |
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tata chem to purchase upto 35% of rallis shares from other tata cos at a price not more than 850...announced today at tchem board meeting www.bseindia.com
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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SingleMalt
Groupie
Joined: 25/Apr/2009
Location: India
Online Status: Offline
Posts: 96
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Posted: 12/Aug/2009 at 10:55pm |
Originally posted by tigershark
tata chem to purchase upto 35% of rallis shares from other tata cos at a price not more than 850...announced today at tchem board meeting www.bseindia.com |
Another link..
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If only I knew then what I know now...
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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
Online Status: Offline
Posts: 3656
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Posted: 12/Aug/2009 at 11:16pm |
Originally posted by SingleMalt
Originally posted by tigershark
tata chem to purchase upto 35% of rallis shares from other tata cos at a price not more than 850...announced today at tchem board meeting www.bseindia.com |
Another link..
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But what could be the reasoning here?
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FutureBull
Senior Member
Joined: 06/Feb/2009
Location: India
Online Status: Offline
Posts: 1868
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Posted: 12/Aug/2009 at 11:48pm |
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i think Tata Grp is consolidating all chem business at one place.. lots of restructuring happening here..
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‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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SingleMalt
Groupie
Joined: 25/Apr/2009
Location: India
Online Status: Offline
Posts: 96
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Posted: 12/Aug/2009 at 2:17am |
Originally posted by Hitesh Shah
But what could be the reasoning here?
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A potential merger? Lets wait and watch...
.... “Tata Chemicals has a strong presence in crop nutrition business, and Rallis is among the leaders in crop protection business in agri-sector”, the statement said without divulging the rationale for the move.
Industry sources said the move might be a precursor for merger of Rallis with Tata Chemicals. “Both the companies have operational synergies and hence, it makes sense to have only one merged entity,” said an analyst, requesting anonymity. The Tata Chemicals spokesperson declined to comment. In addition to fertilisers, Tata Chemicals is the world’s second-largest soda ash company, and the country’s largest branded salt maker. The Rallis stock gained 6.8% to close at Rs 736.95 in a weak Mumbai market on Wednesday.
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If only I knew then what I know now...
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