It did close 8% up but just as I say we have been extremely lucky with all this. No one can time the market. But as long as the members are making money buying these stocks we should be enjoying!

Edited by basant - 15/Sep/2006 at 5:07pm

past few days i am seeing lot of recomendations on moneycontrol and
CNBC about buying this stock on dips...so i think this would create an small
rise in short term. So its probably better to wait for some time, when it
comes back down and consolidates, and then we can start adding positions
in this.

For the September quarter 2006  Everest kanto reported an increase in net profit of 33% (y-o-y) to Rs 13.61 crores from Rs 10.21 crores. The growth in profit on a q-o-q basis was almost 19.3%. Revenues for the same period grew by 24.8%(y-o-y) to Rs 100.1 crores while the growth on a q-o-q basis was higher at 25.78%. The operating margins did see some kind of a slow down as it slipped a little to 25.1% from 27.6%. Maybe the start up costs of the new faciolity could be a reason for this decline. The stock looks a good solid long term bet.

Yes true! Hopefully, TEDdies should NOT become "frog in the well" cases, where the frog thinks the world is the well and there is nothing outside of it. So, let's all stay open-minded and think beyond the TV18s and Educomp else there may be a small chance of a transformation into Mungerilals. I would say remove that chance too, even though it may be a very very small chance.