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deveshkayal
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   Posted: 18/Aug/2007 at 12:07pm |
I have increased my exposure to CIL. Now my avg.price comes down to Rs.623. My target price is Rs.1050 (conservative 35 EPS*30 PE)
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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deveshkayal
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Posted: 20/Aug/2007 at 10:44pm |
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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deveshkayal
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Posted: 24/Aug/2007 at 11:34am |
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The Indian wine market, which is growing at a rate of 22 per cent per annum, is likely to touch nine million litres by 2010, on increased consumption due to rising income level, industry body Associated Chambers of Commerce and Industry of India (Assocham) said.
"Various factor such as large teeming population under 30-year fold, rising disposable income and the influence of western world are responsible for increasing consumption of wines in the country," Assocham President Venugopal N Dhoot said in a release.
Major cities in the country such as New Delhi, Mumbai, Chennai, Kolkata, Pune and Bangalore together accounts for nearly 80 per cent of the demand for wine in the country, the chamber said.
Western India is the biggest consumer of wine accounting for more than 41 per cent of the total domestic wine market in the country followed by north India at 29 per cent.
Five star hotels, pubs and bar-cum-restaurants are the primary wine selling outlets in the country as 63 per cent of the sales volume passes through channels, the chamber said.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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kulman
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Joined: 02/Sep/2006
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Posted: 25/Aug/2007 at 9:04pm |
''India's wine market is currently equivalent to around 200 people, sharing one bottle but it is likely to grow at projected CAGR of 22 per cent over the next three years in view of rising consumption of wine patterns not only among youngsters but equally so in aged group,'' Chamber President Venugopal N Dhoot said.
The cost for opening and setting up a wine plant in the country with capacity of around a lakh litres comes only to somewhere between the Rs 1-1.5 crore mark. As a result many entrepreneurs, Indian and foreign, are jumping on the Indian wine bandwagon.
Source: Dna money/Sify
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
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Posted: 26/Aug/2007 at 10:46am |
Interesting piece of article http://business.scotsman.com/agriculture.cfm?id=1355392007
"Ranjit Chougule, managing director of Indage vineyards, the maker of the dry, sparkling blend Omar Khayam, said he hoped his wines, which sell for between £6 and £11, would compete with the best of California and France."
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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tigershark
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Posted: 27/Aug/2007 at 3:40pm |
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tough ask see our weather is not ideally suited for grape cultivation our weather and geography will at the most produce an average grape which is ok for for the first time drinker of wine or a newbie. but french , italian, aussie and californian will continue to rule the world.
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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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basant
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Posted: 27/Aug/2007 at 3:45pm |
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Very interesting point. Does thgis mean that Champagne Indage will always find it difficult to keep up to the quality of its global peers?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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tigershark
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Posted: 27/Aug/2007 at 4:58pm |
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YES, correct me if im wrong but i wineyard does require the correct amount of rainfall, the right amount of humidity,the right amount of frost,and the right chemical compostion of the soil all put together produces a great grape.the slopes of maharashtra and near blore simply cannot be compared to lets say thehunter valley in aussie, napa , in calif,bordaux in france,and the southern alps in italy.that is exactly whyduring the wto rounds they are all after kamal naths blood to drastically reduce import tarrrifs on wine so that they can flood our mkt with their cheap as well as good qlty wine.home grown cos will need to tie up.
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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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