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  1. arun Says:
    November 25th, 2010
    Posted at: 5:32 pm

    hi Kartik, wats ur view on SBI for 5-6 month, I am holding @ 3220 can I book near 20% profit in six month or should i exit from SBI?

    also is this right time to invest i want to invest 50,000 for one month time, If yes suggest 2-3 good stock in which i can get 10-12% return.

    Kartik, replies: Hi arun, yes, its a good bet. continue to hold onto it for short term. on dips add ashok leyland and onmobile

  2. sunil_middha Says:
    November 25th, 2010
    Posted at: 5:33 pm

    Sir, I am holding SBI 30 share @ 2900 .... what to do

    Kartik, replies: Hi sunil_middha, hold it for short term. likely to bounce back once markets improve. sbi has strong support at 2700. can see a bounce frm here

  3. govind Says:
    November 25th, 2010
    Posted at: 5:35 pm

    Sir can I buy IBREALEST (India bulls real estate) Future @ around 155 for 3 months. As it is almost near 1.5 year low (141) .

    Kartik, replies: Hi govind, yes, real estate is seeing quite a bit of selling pressure. for now hold it.

  4. suhasini Says:
    November 25th, 2010
    Posted at: 5:35 pm

    sir i trapped the balrampur 500 nos @ Rs.95 & smartlink 200 nos @72. Is there any chances to rise to my buying price in next one month timeframe.

    Kartik, replies: Hi suhasini, yes. will need to hold for 1-2 months time. will recover back.

  5. govind Says:
    November 25th, 2010
    Posted at: 5:40 pm

    Sir can I buy RCOM Future @ around 136 for 3 months. As it is also almost near 1.5 year low (132) .

    Kartik, replies: Hi govind, yes, real estate is seeing quite a bit of selling pressure. for now hold it.

  6. munna Says:
    November 25th, 2010
    Posted at: 5:43 pm

    ohh thanks priyanka.
    actualy i bought 1000 shares @ avg. Of 50.i hope it will do well in coming days.
    Thanks once again priyanka.

    Kartik, replies: Hi munna, bata can see 364. hindalco may remain a bit flat. emami can see 47.20

  7. CHANDAN Says:
    November 25th, 2010
    Posted at: 6:03 pm

    HI !
    PL ADVICE ME IN DETAILS -
    I HOLD LICHOUSING 7SHARES@1380 , ABAN OFFSHORE 5 SHARES @913, RCOM 50 SHA@193 , IBREALESATE 250SHARES @207. NOW HEAVY LOSS.WHAT TO DO ?
    I LOSS BOOK ?

    Kartik, replies: Hi CHANDAN, these are fundamentally strong strong. keep a little longer view of 2-3 months. will give you good returns. markets can see a bounce soon.

  8. Kartik Says:
    November 25th, 2010
    Posted at: 6:12 pm

    Hi jyoti, yes, for now keep sl at 5800 (closing basis) and hold onto it.

    Hi shiva, yes, moil looks good

    Hi AS, no, don't enter it yet. wait for some time

    Hi sandhya, yes, add few more near 600

    Hi Adnan, closing is near strong support levels. lets see how global markets shape up tomorrow morning. seems can see some bounce from here

    Hi j k jain, avon has support around 7. exit concurrent infra on rise for now. liberty is a good buy on dips near 108


    Hi Peter, if tomorrow holds onto 5800 can see a bounce. maruti can see 1351

    Hi anivesh, yes, can gain 20-25% on listing. its a good bet

    Hi pranav, no, only if you get it on listing, you have to

    Hi munna, bata can see 364. hindalco may remain a bit flat. emami can see 47.20

    Hi RAAM, zee can see 16-17 again in short term. ispat around 19-20

    Hi Anil Sharma, yes, not been a good month. dlf can see a bounce from current levels. go with tata steel call on dips near 595.

    Hi jems, seems may remain a bit flat. sugar stocks are not really doing much

    Hi sajid, its looking weak. seems may take some time to recover.

    Hi sunil_middha, hold it for short term. likely to bounce back once markets improve. sbi has strong support at 2700. can see a bounce frm here

    Hi arun, yes, its a good bet. continue to hold onto it for short term. on dips add ashok leyland and onmobile

    Hi govind, yes, real estate is seeing quite a bit of selling pressure. for now hold it.

    Hi suhasini, yes. will need to hold for 1-2 months time. will recover back.


  9. som Says:
    November 25th, 2010
    Posted at: 6:13 pm

    Hi Kartik, what happened to godrej industries?
    any reason?
    holding 3 lots at 205............

    Kartik, replies: Hi som, no, not really sure.. seems overall stocks are witnessing quite a bit of selling pressure

  10. Arunava Says:
    November 25th, 2010
    Posted at: 6:16 pm

    CBI examines beneficiary companies in hsg loan scam
    Press Trust of India/Mumbai 25 Nov 10 | 04:46 PM

    The CBI today sought explanation from private companies who benefited from an alleged cross-country housing loan racket involving top officials of public and private sector financial institutions.

    CBI had yesterday arrested eight persons and alleged that officers in the top and middle level management of various public sector banks and financial institutions including Bank of India, Central Bank of India, Punjab National Bank, LIC and LIC Housing Finance Ltd were receiving illegal gratification from a private financial services company 'Money Matters'.
    Money Matters was acting as a mediator and facilitator for corporate loans and other facilities from financial institutions.

    "Soon after the arrest of the officials, we had served notices to all the beneficiary companies under section 91 of CrPC to explain their stand in the case," a senior CBI official told PTI.

    D B Realty, Adani and a few other companies have already sent their representatives with relevant documents today, the official said.

    The beneficiary companies include M/S Lavasa, Pashmina Ltd, Mantri Realty, Sigrun Ltd, Entertainment World, Indore City Treasures, Ashapura Minechem, BGR Energy, OPG Group, Adani, J P Hydro, J S W Power, Ralligear, Pantaloon, Adalite and MTECH.

    CBI had arrested LIC Housing Finance CEO Ramchandran Nair, Naresh K Chopra, Secretary (Investment), LIC, R N Tayal, General Manager of Bank of India (Delhi), Maninder Singh Johar, Director of Central Bank of India, and Venkoba Gujjal, Deputy GM of Punjab National Bank (Delhi).

    Rajesh Sharma, Chairman and Managing Director of Mumbai-based firm Money Matters Ltd and two of its employees -- Suresh Gattani and Sanjay Sharma-- were also arrested.

    All the eight accused, who have been booked for criminal conspiracy and under the Prevention of Corruption Act, are in CBI custody till November 29.

    Kartik, replies: Hi Arunava, thanks for the news update.

  11. Arunava Says:
    November 25th, 2010
    Posted at: 6:19 pm

    Ashapura Minechem Ltd has been named in the CBI Statement in relation to the realty loan scam. The gentleman who has been mentioned is RN Tayal, General Manager of Bank of India who is believed to have sanctioned the loan to Ashapura Minechem Ltd.

    Chetan Shah, the managing director of Ashapura, in an interview with CNBC-TV18 categorically denied taking a loan from BoI or any bank in the last two years, nor has he or any of his officials interacted with Tayal. “We deal with a lot of other officers of Bank of India but I don’t remember dealing with Tayal,” he claimed

    He also denied any dealings with private finance firm Money Matters Financial Services, accused in the bribery scam, stating that he had never heard of the company. “We have never dealt with Money Matters at any time in the history of the company. We only came to know about Money Matters when the CBI statement came out.”

    Below is a verbatim transcript of his interview with CNBC-TV18’s Latha Venkatesh and Ekta Batra. Also watch the accompanying video for more.

    Q: Could you take us through what exactly is the size of the loan that you took from BoI and what did you have to pay Money Matters?

    A: Let me clarify that we have not taken any loan from Bank of India or any bank in the last two years. I don’t know RN Tayal at all. I have never had any dealing with him. We deal with a lot of other officers of Bank of India but I don’t remember dealing with Tayal.

    Q: Maybe some of your officials dealt with him?

    A: Not really. We have had accounts with Bank of India for more than 45 years and we have one of the largest accounts with them. So we have not taken loan from any bank. On the contrary, there was some problem with the export of bauxite and we had requested BoI and few other banks to restructure some of the old loans to take new loans.

    Q: But in the process of restructuring did you have to go through this with Money Matters, because your company’s name is mentioned in the CBI statement? What would be the context then?

    A: We don’t know Money Matters. We have never dealt with Money Matters at any time in the history of the company. We only came to know about Money Matters only yesterday. So we don’t know this company at all.

    Secondly, we are very much surprised as to how Ashapura’s name has come into this because CBI has given us one letter and asked us for an explanation as to whether we have taken any loans from Bank of India or any other banks in the last two years. They have only asked for the year 2009-10. Even from 2008 onwards we have not taken any loan from any banks. We never use any agents or any such loan syndication agencies for our fund requirements.

    Q: What would your fund requirements be going forward and do you think this would create a bit of a hindrance for you now to access the debt market?

    A: We had already asked banks to help us with restructuring because there was a delay in getting the clearance of export of bauxite from Gujarat. Currently, we do not have any long-term plans for large investments. We are just dealing with our working capital, that is day to day finance with banks and besides BoI, we work with Union Bank, Axis Bank and Exim Bank.

    Q: What was the nature of restructuring for the loan?

    A: Mainly it is derivative losses to be restructured. Other than that we haven’t had any kind of long-term borrowing with any banks in the last few years.

    Q: What was the nature of the derivative losses? How much was it, was it a derivative converted into a loan thereafter?

    A: Not a large amount per se. We have requested banks to look into these matters and still it is at the negotiation and discussion stage.

    Q: Could you give us an idea of the amount involved?

    A: I cannot tell you the amount offhand but it will be running into a couple of crore.

    Q: Could it be a Rs 2 crore loan?

    A: It could be more than that.

    Q: Would you have a ballpark idea?

    A: The loan restructuring could be in the range of about Rs 15-20 crore.

    Q: All of this was derivative transaction?

    A: Only derivative transactions.

    Q: And you are saying it has not yet gotten restructuring?

    A: Not yet.

    Kartik, replies: Hi Arunava, thanks for the news update.

  12. Arunava Says:
    November 25th, 2010
    Posted at: 6:21 pm

    I Need you opinion on this interview what should I do should I exit or hold it

    Kartik, replies: Hi Arunava, thanks for the news update.

  13. raju Says:
    November 25th, 2010
    Posted at: 6:23 pm

    will fsl can zoom from here pz tell me its support level

    Kartik, replies: Hi raju, can see 26 in short term. support near 21.50

  14. Arunava Says:
    November 25th, 2010
    Posted at: 6:34 pm

    Kartik I have got the Ashapurmin @47 200 shares what should I do should I hold or exit?
    I ask for your opinion.

    Kartik, replies: Hi Arunava, its a hold for now. can see 48-50 in short term

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