Recover all your losses,,invest in deepak fertilizer.its selling of the realty division....huge spurt up expected...also huge order from govt announced today
CRISIL Equities has assigned a CRISIL IPO grade of ‘2/5’ (pronounced "two on five") to the proposed IPO of Commercial Engineers & Body Builders Co Ltd (CEBBCO). This grade indicates that the fundamentals of the IPO are below average relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The offer price for the issue may be higher or lower than the level justified by its fundamentals. The grade is not a recommendation to buy/sell or hold the graded instrument, its future market price or suitability for a particular investor. To arrive at the overall grade, amongst various other parameters, CRISIL Equities has considered the company’s business prospects, its financial performance, management capabilities and corporate governance practices. The IPO grade assigned to CEBBCO takes into account the company’s established presence in the body fabrication business of commercial vehicles (CVs) and its strong relationship with one of the largest players in this segment – Tata Motors. By virtue of this position, CEBBCO is set to reap the benefits of the high growth in the endsegment on the back of higher economic activity in the country, especially in the construction and mining sectors. In addition, the change in focus of the industry players towards selling fully built vehicles (FBVs) rather than chassis to the end-users bodes well for the company’s business prospects. CEBBCO’s foray into the railway segment through refurbishment of wagons during 2008-09 has met with reasonable success. However, the grading is constrained by the inherent risks involved in the company’s fabrication business, which is prone to intense competition from existing and new players due to low entry barriers. Further, players in this business have a low bargaining power and are exposed to the cyclicality in the CV industry. The grading is also influenced by CEBBCO’s client concentration risk (around 70% of its revenues from the CV fabrication business in 2008-09 came from one client – Tata Motors) and its weak competitive position since it has to source a key raw material component (hydraulic jacks) from one of its competitors. CEBBCO is a relatively new entrant in the railway segment and is likely to face stiff competition from the incumbent players in the sector.
DEAR EXPERTS, I AM REKHA NEW IN MARKET, REQUIRE UR COOPERATION AND ADVICE, PLEASE ADVICE WHAT TO DO WITH *GPPL* HOLDING 860 SHARE @ 56.66 PLEASE ADVICE TO HOLD OR EXIT (BUY ONLY A WEEK TIME)
Today closing above 55 indicates bullish trend. This is going to go up from now. This stock has moved from weak hands to strong hands.
See steady returns from this stock. Apart from Mundra and GPPL there are no any other major private ports. With the Indian economy and IIP showing strong growth, infrastructure like ports will do very well in days to come.
So people who are holding this stock, hold it firmly, you will see people felling guilty who have sold for small gains!!!
Friends, Sold at 55.5.With yesterdays 2.5 Rs profit & additional buying for trading got out at good rate.Now need to deploy these funds in other IPOs.I will buy back GPPL after the completion o IPOS.