|
What is happening in Tube Investment of India? |
18 Dec 12 06:57 AM |
Yesterday the shares of Tube investment of India moved up sharply by nearly 16.44% to close at Rs 212. Incidentally in the last quarter, Tube Investments of India Ltd reported a 38% drop in net profit owing to the increased raw material and interest costs and a slowdown in auto sales. The managing Director, L. Ramkumar, informed the increase in interest cost and cost of raw materials like power and fuel are the main cause of shrinking profit margin. Incidentally the street has some other reasons for pushing up the price of the stocks. There is a speculation that Shanthi may be merged with the Tube Investments which may favor the later. There is a rumor in the street that Tube investment may move up higher in the coming year as smart market players are working out ways to dizzy heights. However, value investors should avoid the stock as safe opportunities galore in the Indian market. Technical investors may take it on the basis of charts carefully water marking the entry and exit price. We would work on the technical calls shortly just after revamping our website. What to expect from the market now? The Reserve Bank of India is expected to cut the banks' cash reserve ratio by 25 basis points to 4% at mid-quarter monetary policy review today. Yesterday as expected the market went nowhere but traded in the zone of 5800-6000! In case of disappointment number by RBI the market may move down sharply. At this junction it is better to wait for the clues from the RBI and then initiate the trade. |
How is it going to be in the year 2018? 01 Jan 18 07:57 AM
Infosys completes buyback! 25 Dec 17 09:15 PM
This one quote of Peter Lynch can help you to make millions! 17 Dec 17 10:56 PM
December investors meet is scheduled on 17th! 10 Dec 17 10:16 PM