hold ur investments hard in power grid. those who want to earn real stuff ( including )fii s n domestic institutions r buying n r in look out for the stock at every level to make killing. weak ones sell n wealth creators buy n thrive on them. dont go by advise of few confusing ones like Ambrish Baliga n 1 or 2 more , who on contarary are advising their clients to accumulate more at these levels of 95 n buy on every decline . Apply ur brains buying at these levels for what -- target of 80 or targets of 120-150-200.infy , ril, rpl etc all wealth creators too go down a little before upswings, they havent come up straight even without 1 day fall. power grid is headed for 5 rupees eps n minimum fair price conventionally should be 120 and who knows when it starts moving up where does it stop.moreover just watch -- rel power ipo just hitting the markets.
this is the status shwing on karvy site so please give me your proper DP details.
Company Name POWER GRID CORPORATION OF INDIA LIMITED Holder Name JAFFER ALI VIRANI Joint Holder 1 Joint Holder 2 Shares Allotted 286 Credited Date Dpid IN301696 Client Id 20623179 Status PENDING Remarks Invalid dp details
Powergrid have plans of diversifying into telecom and entertainment sector which will yeild around 20% growth extra.... other than this PGCIl has 60K of transmission line facility and are plannin to add another 60k.... out of the planned 60k, 30k is in construction..... This means PGCIL will hold 65% of the market in India....!!
also all of the biggies will bid for the ULTRA MEGA power project which will determine which group(NTPC, RelPower...) will come on top....
Above stated are facts.... you decide to HOLD/SELL/BUY??
You should immediately contact your Depository service provider and make a request for dividend ECS. Depository service provider will take an undertaking from you along with a canceled cheque of bank account linked to depository. This will ensure ECS of all IPO refunds and dividend payments.
Sell power grid shares before it reaches to 75-80 levels because of correction in market and fall of govt. Before diwali there is diwala so be cautious especially retail investors.
Merrill in $5.5bn sub-prime loss Merrill Lynch has warned it will have to write down a $5.5bn (£2.7bn) loss for bad investments linked to defaulted US sub-prime mortgages.
Merrill, the latest investment bank to reveal its exposure to the downturn in the industry, said it would post a third-quarter loss as a result.
It will now make a 50 cent loss per share over three months to September, instead of an expected $1.43 profit.
This will be Merrill's first quarterly loss in more than six years.
Wider problem
Merrill's admission follows similar warnings from Citigroup, Credit Suisse and UBS as the extent of the crisis in the US sub-prime loans sector becomes known.
Some analysts said they were concerned that Merrill's losses might continue.
"The core issue is whether or not it is going to be enough. Merrill had huge exposures to the mortgage sector," said Sean Egan, managing director of independent credit ratings firm Egan-Jones Ratings.
Later on Friday, Washington Mutual - of the biggest mortgage lenders in the US - said it expected third quarter earnings would fall by 75% following bad mortgage loans and securities investments.
The firm forecasts that $975m will have to be set aside to cover such losses, including $425m for loans that stand no chance of being repaid.