Joined: 29/Mar/2007
Location: India
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Posts: 4243
Posted: 25/Sep/2009 at 6:41pm
It will reach Rs 120 on Dec 30th 2009 at around 2:42 PM.
What I like about Jupiter is almost 100% of its revenues come from India. And it is a company that is on the verge of becoming a proper pharmaceutical company (rather than a maker of drug intermediaries)
The re-rating part would happen when APIs and generics contribute more to the topline and bottomline.
Regarding Ranbaxy - from the latest annual report -
Your Company has allotted 31,77,500 equity share warrants to M/s. RANBAXY LABORATORIES LIMITED on 23.05.2007 and received an amount of Rs.934.18 Lakhs towards subscription for the share warrants allotted. On the due date M/s. RANBAXY LABORATORIES LIMITED, did not exercise the option for converting the equity share warrants into equity shares and the said warrants are lapsed. The company has forfeited the subscription amount received from M/s. RANBAXY LABORATORIES LIMITED to the extent of Rs.934.18 Lakhs.
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
Posted: 24/Jan/2011 at 3:25pm
Is this Jupiter or "Pluto" - what's happening here? When I saw "gains" of minus 45% in this stock in my moneycontrol portfolio, I thought the stock had split.
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
Posted: 24/Jan/2011 at 4:15pm
So I have .
I'm reading up on Moneycontrol messageboard about Jupiter - something about the promoter stealing money from the company and routing it back into the stock via Switzerland (or Swaziland, not sure). Doesn't make much sense though.
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
Posted: 24/Jan/2011 at 4:29pm
Nothing on moneycontrol message board EVER made any sense to me.Co-incidently i just read today that TTK Prestige will hit back-to-back upper circuits till it gets to 15000.
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