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manoj
Newbie
Joined: 26/Jul/2006
Location: India
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Posts: 5
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   Posted: 04/Nov/2006 at 11:31pm |
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Basant ji what is your take on Suashish Diamond, its equity base is very small.
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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
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Posted: 04/Nov/2006 at 8:18am |
I would agree that Titan with the TATA name might take a slice of the huge market because crediblity is very important.Also much depends on how the important Chennai market is tackled because that is the largest.Here in Kerala the fight will be fierce.The local players- Joy Alukkas(expected to list, they stock Gitanjali's products ),Sunny Jacob(superb Belgian-cut diamonds),Alappat,Josco,Sky,Malabar Gold...,have very very deep pockets(some of them have a base in the Gulf) and have cornered the most prime locations and are now venturing out to the metros.
Edited by Ajith - 04/Nov/2006 at 9:42am
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Ajith
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 04/Nov/2006 at 9:33am |
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Suashish Diamond: Never looked at this but I prefer to be in the top two of each sector especially when the market cap is so low.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
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Posted: 04/Nov/2006 at 9:44am |
Mr.Basant,you are right about sector leadership.Mcdowell results were stunning compared to the average performance of Radico.
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Ajith
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s_praharaj
Senior Member
Joined: 10/Sep/2006
Location: India
Online Status: Offline
Posts: 357
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Posted: 04/Nov/2006 at 11:38am |
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Is there any idea, whether Gitanjali 2nd Quarterly results are out.
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Shashi Praharaj
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marketbuzz
Newbie
Joined: 04/Nov/2006
Location: India
Online Status: Offline
Posts: 9
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Posted: 05/Nov/2006 at 1:05pm |
Vaibhav Gems has posted excellent numbers for Sep06 quater.
Also valaution seems correct. I m looking for buying it.
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I do it becoz I Like it!
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marketbuzz
Newbie
Joined: 04/Nov/2006
Location: India
Online Status: Offline
Posts: 9
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Posted: 05/Nov/2006 at 1:07pm |
Gitanjalee results are also out. It has posted 22Cr profit on sales of 499.5 Cr. Stock can see a upside.
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I do it becoz I Like it!
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nikhil090
Senior Member
Joined: 06/Nov/2006
Online Status: Offline
Posts: 1344
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Posted: 21/Nov/2006 at 1:19pm |
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I have brought Gitanjali in small quantities.However, I am having concern on the stock due to the following factors - (a) There is no information available about the company from the managment (I have not come across their website) (B) Traditionally, the jewellery companies have traded at very low P/E ratio - Suraj Dia etc are example (C) Though the promoter stake is high, I dont know anything about the promoter track record (D)Most of the jewellery industry does not exhibit strong corporate governance norms.
Pls guide so as to take appropriate decision
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