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
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