Streetsmarts

#1
Hi everybody,

I know that rumours are not reliable but sometimes they do serve as a confirmation point to the data one has. So rumours and street talk really forms an important piece of data in any trader's armoury. So far, I have not come across any thread in this forum devoted to this. So I thought it would be nice if one such thread was started.

Remember, though, street talk and rumours are to be taken with a pinch (or a bucket!) of salt most times. But once in a while, they may help a trading decision or act as a confirmation for a peculiar chart behaviour. So whatever I put herein is to be taken in the right spirit and in no way can the poster be held responsible for the veracity of the news(!).

I hope others will also use this thread to post unconfirmed but nonetheless interesting bits of information.

Here is something I learnt from the various websites and personal contacts:

There is strong buzz that Venus Remedies (BSE 526953) may report a net profit of Rs. 6.30 crores (Rs. 2.29 crores last year). It is likely to report sales of about Rs. 31 crores (rs. 15.38 crores last year). The EPS is expected to go up to Rs.6.60 from Rs. 2.70. It was trading at Rs. 284.35, down Rs. 6.75 (- 2.32%) at the close on 17th July. (52 Week high Rs. 481; low Rs. 164.40)

Arvind Mills (NSE: ARVINDMILL, BSE 500101) is in talks with Reliance Retail for the apparel business. It will design and manufacture exclusive merchandise for them to be positioned as mass market brands at prices such as 129, 199 etc. Last price Rs.63.40 up 2.10 (3.43%). 52 week high 143.80; low 51.50.

Regards
Kuldeep
 
#2
This just heard:

Godawari Power & Ispat (NSE: GPIL, BSE: 532734) is about to finalize a deal to sell its accumulated carbon credits of 66,000 units @ December 2005. The total realization of around Rs. 6 crores. It is also in the process of increasing its installed capacity from 7 MW to 10 MW. Current price Rs. 72.70 on NSE - up 7%. 52 Week high = 135.80; Low = 46.50
 
#3
More talk on the street"


Havells India : Eyeing acquisitions in India and abroad.

United Breweries : Mallya in talks with Roustam Tariko, Russian Vodka tycoon for distribution alliance.

ITC : To set up 100 e-choupal's in Andhra Pradesh

Mahindra & Mahindra : Plans to roll out a sub-30 horse power Chinese tractor in India
 
#5
Hello Kuldeep,
Very well said, rumours and company specific news do play an important role in the short term movement of stock prices.....nice to see a thread like this.
keep it up.
 
#7
kuldeep49 said:
Hi everybody,

I know that rumours are not reliable but sometimes they do serve as a confirmation point to the data one has. So rumours and street talk really forms an important piece of data in any trader's armoury. So far, I have not come across any thread in this forum devoted to this. So I thought it would be nice if one such thread was started.

Remember, though, street talk and rumours are to be taken with a pinch (or a bucket!) of salt most times. But once in a while, they may help a trading decision or act as a confirmation for a peculiar chart behaviour. So whatever I put herein is to be taken in the right spirit and in no way can the poster be held responsible for the veracity of the news(!).

I hope others will also use this thread to post unconfirmed but nonetheless interesting bits of information.

Here is something I learnt from the various websites and personal contacts:

There is strong buzz that Venus Remedies (BSE 526953) may report a net profit of Rs. 6.30 crores (Rs. 2.29 crores last year). It is likely to report sales of about Rs. 31 crores (rs. 15.38 crores last year). The EPS is expected to go up to Rs.6.60 from Rs. 2.70. It was trading at Rs. 284.35, down Rs. 6.75 (- 2.32%) at the close on 17th July. (52 Week high Rs. 481; low Rs. 164.40)

Arvind Mills (NSE: ARVINDMILL, BSE 500101) is in talks with Reliance Retail for the apparel business. It will design and manufacture exclusive merchandise for them to be positioned as mass market brands at prices such as 129, 199 etc. Last price Rs.63.40 up 2.10 (3.43%). 52 week high 143.80; low 51.50.

Regards
Kuldeep
Well ....... good information...
 
#9
vinsu said:
Nice informations . Keep is going .. Any street runmours about IDFC ?? it is going down ..
regards
Vinsu
Not a peep, buddy, but will let you know as soon as I find out. Meanwhile, here are some more snippets:

Gujarat Ambuja Cements (NSE: GUJAMBCEM, BSE: 500425) is likely to report a net profit of Rs. 305 crores in Q4FY06 as compared to Rs. 145 crores in the corresponding quarter in the previous year. Results expected on July 20th. Todays closing price Rs. 99.50 (- 2.59%). 52 week high 128.25, low 60.80

Public sector banks are likely to report significant declines in earnings.

Ashok Leyland to acquire Czech truck maker Avia.

Sono Koyo Steering Systems (NSE: SONASTEER) AGM has resulted in shareholders approving issue of bonus shares in the ratio 1:1. Today's close 79.40 (-4.97%). 52 week high 107.50, low 54.15

Mukand Q1 Profit at Rs 18.07cr vs Rs 14.87cr (YoY)

Apollo Tyres Q1 net at Rs 16.26cr vs Rs 16.69cr (YoY)
 
#10
kuldeep49 said:
Not a peep, buddy, but will let you know as soon as I find out. Meanwhile, here are some more snippets:

Gujarat Ambuja Cements (NSE: GUJAMBCEM, BSE: 500425) is likely to report a net profit of Rs. 305 crores in Q4FY06 as compared to Rs. 145 crores in the corresponding quarter in the previous year. Results expected on July 20th. Todays closing price Rs. 99.50 (- 2.59%). 52 week high 128.25, low 60.80

Public sector banks are likely to report significant declines in earnings.

Ashok Leyland to acquire Czech truck maker Avia.

Sono Koyo Steering Systems (NSE: SONASTEER) AGM has resulted in shareholders approving issue of bonus shares in the ratio 1:1. Today's close 79.40 (-4.97%). 52 week high 107.50, low 54.15

Mukand Q1 Profit at Rs 18.07cr vs Rs 14.87cr (YoY)

Apollo Tyres Q1 net at Rs 16.26cr vs Rs 16.69cr (YoY)

Is there a single source of these snippets, or have u compiled from here and there

If single, then perhaps u cd quote that so we can access it straightaway and save u the bother of cut and paste

AGILENT
PS have to acknowledge however , that rumors are useful for people looking for inside info... after all there is no smoke without fire