I was busy with my scheduled work and so could not post my 4M post yesterday. Markets corrected as 20K seems to be a difficult mark to close above and also US economy worries are lingering now but I feel lot of money will flow to India for investments and we will see reversal very soon.
Last time from 13500 markets appreciated by 50% and now we may not see that deep correction but try to accumulate my recommended stocks at every level. See the link below for my stock picks.
There is speculation of Reliance going for stock split from 10 Rs to 2 Rs once it crosses 3000 Rs and so try to buy at dips so that you get good appreciation post stock split.
GMR infra has started moving up slowly and we may see it cross 200 after market stabilises.
Stock picks link :
http://indianstockmarketscomment.blogspot.com/2007/10/comments-on-current-stock-picks.html
Tuesday, November 6, 2007
Market Comments - Nothing to Worry
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4 comments:
Hi Srikanth,
There is no news of teledata giving interim dividend. Please let me know if any dividend has been announced.
Best Regards
Naresh
I am also awaiting for your comment on TELEDATA ?
Regards
Irfan B
Read the bse announcements. Dividend after demerger.
Hi naresh,
I think following information would help....
Teledata Informatics Ltd has informed that the Board of Directors of the Company at its meeting held on November 05, 2007, has decided to defer the declaration of interim dividend for the Financial Year 2007-08 till listing / relisting of following entities, namely:
a. Teledata Informatics Ltd. b. Teledata Marine Solutions Ltd. c. Teledata Technology Solutions Ltd.
Further the Company has informed that this was due to the decision taken by the Board of Directors of the Company that the shareholders should be entitled for dividend in all three companies (including the Company) which would be possible only after getting the shares of Teledata Marine Solutions Ltd. and Teledata Solutions Ltd listed both in NSE & BSE.
But the corporate action for listing of shares of Teledata Marine Solutions Ltd. and Technology Solutions Ltd would be possible only after November 23, 2007, as being the record date to reckon the name of shareholders of the Company, those who are eligible to get shares allotted both in Teledata Marine Solutions Ltd and Teledata Technology Solutions Ltd.
Thus, keeping in view the above situation, the Board of Directors has decided to have their meeting to consider declaration of dividend of all three companies upon listing of shares of all the above companies.
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