Relaxe, all of you, dont worry about selling circuit,
this scriprt will be touch in 250Rs. end of 31 st july 2009, in between one positive news declared , it will touch 330Rs...bcz of govt & bank policy will be favorable for this sector, also to generate the revenue of its karaikal project ist phase appx. 451 carore, than its revenue will be gone 180 Rs... & its hand powerful landbook & project is very very closely potential...
so happy invest in this script, & clear yr financial vision of marg.....
Hey man,
dont expect much from this counter. They are planning to allot 10% of equity shares to promoters at just Rs.61 [almost half of the price of price today]. Just think, why promoters are thinking lower value of their own company? it seems that something is really cooking inside. It`s better to enter at Rs.50 in this counter
Dear,
not a 10%, but 26.52% shares as a warrant basis for 18 months lock in period (6791619 / 2,56,10,000 = 26.52% ),as a sebi guideline... u justified it negative side but u think as a possitive side,as a my point of view, after 18 months, its mega project like a karaikal port & Marg Swarnabhomi, both project will be 60 to 65% completed,& its revenue will hit that time apxb.v.Rs350... & now this 4th qtr b.v. is gone above 180Rs...
as my point of view the prometer increase their % in a company & otherside this increasing equity will sell as a Rs.150 to 500Rs...for next comming half & 1 year.. for its megaproject
Yeah, I am also an acutally bullish on Marg for "Long-term" view but in short-term, this def. has few concerns:
a) Why promoters are taking warrant at very less price?? If they have good plans and good business, then why are they not valuing their "own" company at respectable rate and take warrant at more rate than current share value?
b) On one side, promoters are increasing their holding and on other side they also pledge shares: Please read following news
Marg Ltd promoters pledge 12.78% stake as of March 31, 2009
MUMBAI: Real estate developer, Marg Ltd, said on Monday two of its promoters have pledged nearly 13 per cent stake in the company as of March 31, 2009.
Two of company`s promoters GRK Reddy and Marg Capital Markets have pledged in total 3,273,000 shares, aggregating to 12.78 per cent stake in the company, as of March 31, Marg Ltd said in a filing to the Bombay Stock Exchange.
GRK Reddy has pledged 2,198,000 shares representing 8.58 per cent stake and another promoter Marg Capital Markets has pledged 1,075,000 shares representing 4.20 per cent stake in the company.
Shares of Marg were trading at Rs 56.90, up 4.98 per cent on the BSE.
Something is really wrong.
3) It seems that they may end up in loss at their 1 billion dollar swarnabhumi project bcoz of real-estate slump.
This counter can be good to enter at around Rs.60 for long term.
Checked out swarnahoomi doing ok types no loss is likely for them. They are expecting improvement next year due to ports and real estate and one more project.
We have to decide to hold at current prices or sell now (if the lower circuts allow) and then reenter later.