Day Trading Stocks & Futures

[manoj2012]

only 2 major intra play insts today for me- reliance & asianpaint.

ICICI Bank already up .... didn't gave chance to buy. It single Handedly pulling Banknifty.
Interesting tug of war between Nifty vs BankNifty ..... No .... It's ICICI Bank vs ALL including Motabhai aka Reliance.

 

[manoj2012]

In last one year ICICI Bank have been outperforming Kotak & HDFC Bank.

 

[manoj2012]

Related Party Transactions Allegation Made by A Whistleblower against Asian Paints

One newspaper has reported that a whistleblower has reported related party transactions by Asian Paints with a company owned by their director Mr Ashwin Dani and his son.SEBI has asked more information from the whistleblower and is investigating this allegation.My views on the issue are as under :

1) We have to see if there is substance in the allegation,whether the transactions are within the legal framework,reported to the Board and SEBI.Few years back there was similar allegations against Infosis top management but SEBI found that there was no substance in that allegation.

2) We have to see what is the magnitude of such transaction in relation to the total turnover and profits of the company.

3) Stock markets reacts very violantly on the basis of such allegations. We have to base our actions on facts and not on emotions.

4) We have to see what is company"s clarification to SEBI on this issue.

5) I am certain that this allegation wont have any impact on company's profitability and growth but its clean image and corporate governance practices will take a hit.

6) I have studied the allegations and I find that even the most beginners in business wont do such things as alleged, leave alone a company like Asian Paints with 70 years track record of clean management doing such things .....but I will go with the facts as they come out.

Smart_trade

Asian Paints management clarified. Clarification was fast.
Now it seems like khoda pahar nikli Chuhiyaa.

 

[Smart_trade]

Asian Paints management clarified. Clarification was fast.
Now it seems like khoda pahar nikli Chuhiyaa.

Very clear explanation by Asian Paints management.........

 

[Smart_trade]

Chalo us bahane Asian Paints apne manpasand bhav mein mil raha hain........I am buying it and adding to my portfolio after the clarification.....some correction was expected as the crude prices are up.....

 

[Dr. Jan Itor]

irctc ka kya karein?

 

[travi]

irctc ka kya karein?

1000 mein liye ho tho koi baat nahi, 5K wale ko tension lena hoga
Looks like a burger king kind of slaughter trick

 

[Dr. Jan Itor]

^ I am always 2 steps ahead of the market sir...

 

[primitivetrader]

ASIANPAINT

the stock is on my list. now things have got interesting . I like such developments.
still will go with my purchase if there is no gap down below my buying price between 2700-2800

got it at the opening only

 

[manoj2012]

1000 mein liye ho tho koi baat nahi, 5K wale ko tension lena hoga
Looks like a burger king kind of slaughter trick