We buy Shares of
TCS E - Serve Limited
( Formerly known as E - Serve International Limited )
( Also Formerly as CITI Corp Securities And Investment Limited )
Jullundur Motor Agency ( Delhi ) Limited
Cadbury India Limited
At Very Attractive Prices
Parshwanath Capital
Office Address
1003 , 10 th Floor ,
Ijmima Complex ,
( Behind Goregaon Sports Club )
Link Road , Malad ( West )
Mumbai -64
For More Details
CONTACT ( between 11 am to 7 pm )
email
trade@parshwanathcapital.com
www.parshwanathcapital.com
TCS E - Serve Limited
( Formerly known as E - Serve International Limited )
( Also Formerly as CITI Corp Securities And Investment Limited )
Jullundur Motor Agency ( Delhi ) Limited
Cadbury India Limited
At Very Attractive Prices
Parshwanath Capital
Office Address
1003 , 10 th Floor ,
Ijmima Complex ,
( Behind Goregaon Sports Club )
Link Road , Malad ( West )
Mumbai -64
For More Details
CONTACT ( between 11 am to 7 pm )
trade@parshwanathcapital.com
www.parshwanathcapital.com
4 comments:
Mr Agarwal, please dont not accept any post without rates.
Future Venture IPO has been aggresively priced.Total Netwoth of the co is less then Rs 575 crore But IPO size is Rs 750 crore for just part of the cos equity.
But lets hope that we get some listing gain.
In 2008, Future Capital raised Rs 450 crore through initial share sales selling at Rs 765 per share. Three years later, the shares are trading at less than a fourth of their value at 170.
Future was one of the few smart groups which raised money at the peak of the bull run in 2007-2008. The Sensex had touched its all time high of 21,078, a day before Future Capital IPO hit the market. The shares were sold at a huge premium of 76 times the face value. The issue was allotted at the upper end of the price band of Rs 700-765 and raised Rs 490 crore. This valued the company at Rs 4,900 crore. Though Biyani got peak valuations, he has had to face investor criticism for the subsequent destruction of shareholder value. Some investors even took it up with the management in the annual general meeting in 2009. The stock had plunged to an all-time low of Rs 93 by March 2009.
The Bombay Stock Exchange's (BSE) prospects of returning to its past glory as the nation's top exchange dimmed further, with its only bright spot - volumes in cash trading - plunging 45% in the past 16 months as retail investors cut trading and speculators preferred derivatives bets. Average daily trading in the spot market at Asia's oldest exchange fell to Rs 3,391 crore in April, from Rs 6,162 crore in January 2010, data show.
Earlier, Deutsche Börse AG had picked up a 5 per cent stake in BSE for Rs 189 crore. This values the second largest stock exchange in the country at Rs 3,777 crore ($854 million).
Earlier this year, NYSE picked up a 5 per cent stake in NSE for $115 million, valuing the exchange at $2.3 billion. The fact that BSE’s valuation is less than 40 per cent that of NSE’s is not surprising, since its profit, too, has a similar ratio with that of NSE. In fact, BSE has been valued at a price-earnings multiple of 42 times, slightly higher than NSE’s valuation of 36 times consolidated profit. From a broker-member’s point of view, the BSE card now translates into a value of Rs 5.2 crore. At its peak, BSE cards were purchased for about Rs 4 crore, which means that all brokers would have made some return on their investment. However, not all brokers appear pleased with the valuation, citing that the price-earnings multiple may not be the right parameter. As on March 2006, BSE had investments (own funds) worth Rs 1,800 crore. In comparison, NSE had liquid investments worth Rs 450 crore. Adjusted for cash, BSE’s valuation is less than Rs 2,000 crore. Brokers also point to the prime real estate property in the exchange’s books.
MCX-SX, however, has not been allowed to start equity trading for not adhering to proper shareholding norms, which it has challenged in a court. While the Bombay Stock Exchange (BSE) and MCX have been in favour of listing, NSE has not shown much interest. Both BSE and MCX-SX had strongly opposed the Bimal Jalan committee recommendations of not allowing the listing of stock exchanges.
BSE stock was traded at over 320-340 a year is now available at less then 240. What a fall from grace. It’s the NSE and MCX which has gained market share at BSE’s expense.
deals in dead delisted junk shares phy demat of indian companies aganist spot payment we also deals in bad deliveries like signature differ death case market delievries(UTI {MASTER GAIN & MASTER SHARES ALSO}) etc wish to sell pls call mohit gupta manish kumar 9313433625 /93106268139999788876 or mail me manuu99 at the rate yahoo com manish.kumar048@gmail com
deals in dead delisted junk shares phy demat of indian companies aganist spot payment we also deals in bad deliveries like signature differ death case market delievries(UTI {MASTER GAIN & MASTER SHARES ALSO}) etc wish to sell pls call mohit gupta manish kumar 9313433625 /93106268139999788876 or mail me manuu99 at the rate yahoo com manish.kumar048@gmail com
deals in dead delisted junk shares phy demat of indian companies aganist spot payment we also deals in bad deliveries like signature differ death case market delievries(UTI {MASTER GAIN & MASTER SHARES ALSO}) etc wish to sell pls call mohit gupta manish kumar 9313433625 /93106268139999788876 or mail me manuu99 at the rate yahoo com manish.kumar048@gmail com
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