Hi,
IDBI is now at 127.50. You would recall that I had asked to accumulate IDBI at Rs 70 on 05 Mar 2007. This is an appreciation of 82% in less than 6 months. Two months ago I had asked the short term traders book the profits at 113-114 levels and for the rest, long term investors, I had advised to remain in the stock reiterating that the long term target is at least Rs 150.
No new exposure at this level in this stock.
Cheers,
Niteen S Dharmawat
Mobile: 9850571857
IMPORTANT DISCLAIMER: Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.
> ----- Original Message -----
From: "Niteen S Dharmawat"
> To: "Niteen S Dharmawat" < ndharmawat@india.com>
> Subject: Re: IDBI Accumulate
> Date: Thu, 28 Jun 2007 17:47:19 +0530
>
>
> Hi,
>
> I asked to accumulate IDBI at Rs 70 on 05 Mar 2007. Now the stock
> has touched 52 weeks high 113.90 which is an appreciation of 63% in
> just 3.5 months. Those who are short term traders can book the
> profits at these levels and rest, long term investors, can still
> remain in the stock. Remember the long term target is at least Rs
> 150.
>
> No new exposure at this level in this stock.
>
> Cheers,
> Niteen S Dharmawat
> Mobile: 91-9850571857
>
> IMPORTANT DISCLAIMER: Investment in equity shares has its own
> risks. Sincere efforts have been made to present the right
> investment perspective. The information contained herein is based
> on analysis and up on sources that we consider reliable. I,
> however, do not vouch for the accuracy or the completeness thereof.
> This material is for personal information and I am not responsible
> for any loss incurred based upon it & take no responsibility
> whatsoever for any financial profits or loss which may arise from
> the recommendations above.
>
> > ----- Original Message -----
> > From: "Niteen S Dharmawat"
> > To: ndharmawat@india.com
> > Subject: Re: IDBI Accumulate
> > Date: Fri, 09 Mar 2007 18:39:28 +0800
> >
> >
> > You would remember that I had mentioned that IDBI holds 13% of
> > NSE. This is further development in the NSE stack. Please read
> > on. IDBI can provide lucrative results... Hold it or accumulate
> > it at current levels...
> >
> > Source: http://www.thehindubusinessline.com/businessline/blnus/05091207.htm
> >
> > Morgan Stanley, Citigroup, Actis buy 6 per cent stake in NSE
> > MUMBAI: Morgan Stanley, Citigroup Inc and global private equity
> > investor Actishave signed agreements with eight investors to buy
> > a total 6 per cent stake in the National Stock Exchange (NSE),
> > the stock exchange has said.
> >
> > Morgan Stanley will buy a 3 per cent stake in NSE, while
> > Citigroup will pick up 2 per cent. Actis will buy a 1 per cent
> > stake, the NSE said in a statement.
> >
> > Industrial Development Bank of India, State Bank of India, SBI
> > Capital Markets Ltd., Corporation Bank, Union Bank of India, Bank
> > of Baroda, Canara Bank and Oriental Bank of Commerce are the
> > institutions selling stakes in the NSE.
> >
> > Industrial Development Bank is selling a 2 per cent stake, while
> > the State Bank of India is offloading a 1.5 per cent stake. The
> > others are selling less than one per cent stakes. NSE did not
> > disclose the value of the deal.
> >
> > In January, the NYSE Group, General Atlantic, Goldman Sachs and
> > Softbank Asian Infrastructure Fund signed agreements with a
> > consortium of investors to pick up a total 20 per cent stake in
> > the NSE, the country's largest bourse in terms of average daily
> > traded volumes.
> >
> > The Government rules prevent any single investor from holding
> > more than 5 per cent in bourses. Foreign direct investment in
> > bourses is capped at 26 per cent.
> >
> > Cheers,
> > Niteen S Dharmawat
> > Mobile: 91-9422348493
> >
> > IMPORTANT DISCLAIMER: Investment in equity shares has its own
> > risks. Sincere efforts have been made to present the right
> > investment perspective. The information contained herein is based
> > on analysis and up on sources that we consider reliable. I,
> > however, do not vouch for the accuracy or the completeness
> > thereof. This material is for personal information and I am not
> > responsible for any loss incurred based upon it & take no
> > responsibility whatsoever for any financial profits or loss which
> > may arise from the recommendations above.
> >
> >
> > > ----- Original Message -----
> > > From: "Niteen S Dharmawat" < ndharmawat@india.com>
> > > To: "Niteen S Dharmawat"
> > > Subject: Re: IDBI Accumulate
> > > Date: Mon, 05 Mar 2007 21:28:05 +0800
> > >
> > >
> > > Hi,
> > > Hope you all remember this mail. Now with in 2 months we have
> > an > opportunity to accumulate IDBI. I am a conservative investor
> > so > did not recommend or buy at 79 level and stock touched 100+
> > with > in no time. In that process we loose on the opportunity to
> > buy > but we safegaurd our interest when the stock plummets.
> > >
> > > But now the stock price is close to 70 which definitely offers
> > > value for money. long term buy... for sure...
> > >
> > > Cheers,
> > > Niteen S Dharmawat
> > > Mobile: 91-9422348493
> > >
> > > IMPORTANT DISCLAIMER: Investment in equity shares has its own >
> > risks. Sincere efforts have been made to present the right >
> > investment perspective. The information contained herein is based
> > > on analysis and up on sources that we consider reliable. I, >
> > however, do not vouch for the accuracy or the completeness >
> > thereof. This material is for personal information and I am not >
> > responsible for any loss incurred based upon it & take no >
> > responsibility whatsoever for any financial profits or loss which
> > > may arise from the recommendations above.
> > >
> > >
> > > > ----- Original Message -----
> > > > From: "Niteen S Dharmawat" < ndharmawat@india.com>
> > > > To: ndharmawat@india.com
> > > > Subject: IDBI Accumulate
> > > > Date: Thu, 11 Jan 2007 13:09:04 +0800
> > > >
> > > >
> > > > Dear All,
> > > >
> > > > IDBI holds 13% of NSE, which works out to US$ 260 Mn or Rs.
> > 16 > > per share. IDBI has similar investments in clearing >
> > corporation, > Care, NSDL, SIDBI etc. Good to accumulate between
> > > Rs 70-75 from > a long term perspective. Currently trading
> > near > 79.
> > > >
> > > > Cheers,
> > > > Niteen S Dharmawat
> > > > Mobile: 91-9422348493
> > > >
> > > > IMPORTANT DISCLAIMER: Investment in equity shares has its own
> > > > risks. Sincere efforts have been made to present the right >
> > > investment perspective. The information contained herein is
> > based > > on analysis and up on sources that we consider
> > reliable. I, > > however, do not vouch for the accuracy or the
> > completeness > > thereof. This material is for personal
> > information and I am not > > responsible for any loss incurred
> > based upon it & take no > > responsibility whatsoever for any
> > financial profits or loss which > > may arise from the
> > recommendations above.
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