12 expert opinions on Indian stocks and share market

The Indian stock markets are crumbling in the face of global economic melt down. For the stock market investors who still have the courage to invest in stocks this could be the greatest opportunity to pick stocks which have fallen way below their true value.

This is what experts have to say about where the Indian stock market is headed and which stocks to buy in this stock market crash.

1. E Mathew, Director, Mathew Easow Fiscal Services, says that the move below 3,800 has certainly created tremendous amount of panic. “A lot of fundamental analysts are now following technicals. As one level breaks after the other, a sense of panic is creeping in, which in the long run may be good for the market and could lead to capitulation.”

He sees major support for the Nifty below 3,800 at 3,570-3,600. “It has to be said that important levels one after the other are getting violated. Nevertheless, I do feel the capitulation levels could take us somewhere close 3,570-3,600. In a way if a total sell-off takes place, it could be good for markets, so that the poison is totally cleaned out from the system.”

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Bottom up and Top down approach to stock investing

Bottom up Top down stock market investing

Many times you hear stock market analysts and mutual fund managers use the terms bottom up and top down to describe approaches to investing. Most expert stock market fund managers use one of these methods of stock selection. The two approaches involve opposing philosophies in determining which companies in which to invest.

What do the experts mean by these two terms and which one is the appropriate strategy for you?

Read the complete article at Stockinvest.in>>>>

BSE notices 6 October, 2008

Latest BSE announcements and notices from Stockinvest.in

Mukesh Steels

Mukesh Steels Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have passed the following resolutions: 1. Adoption of the Balance Sheet as at March 31, 2008 and Profit and Loss Account of the Company. 2. M/S. S C Vasudeva & Co. has been appointed as Auditors of the Company for the year 2008-09 till the conclusion of the next Annual General Meeting. 3. Sh. Vinod Gosain & Sh. Gulshan Wadhwa, who had retired by rotation, have been appointed as directors of the Company.

Source: BSE Date: 09-06-2008

Vindhya Telelink

Vindhya Telelinks Ltd has informed BSE about the sad demise of Shri. R S Lodha, Chairman of the Board of Directors of the Company, who left for heavenly abode on October 03, 2008.

Source: BSE Date: 09-06-2008

Birla Ericsson Opticals

Birla Ericsson Optical Ltd has informed BSE about the sad demise of Shri. R S Lodha, Chairman of the Board of Directors of the Company, who left for heavenly abode on October 03, 2008.

Source: BSE Date: 09-06-2008

Jaipan Industries

Jaipan Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 06, 2008, inter alia, has approved the followings: 1. Issue of Bonus shares in the ratio of one Equity share for every Two Equity Shares held. 2. Issue of Global Depository / American Depository Receipts, Foreign Currency Convertible Bonds for an aggregate amount up to USD 25 million in one or more tranches subject to the approval of Shareholders and other concerned authorities.

Source: BSE Date: 09-06-2008

First Leasing Company of India

First Leasing Company of India Ltd has informed BSE that the members at the 34th Annual General Meeting (AGM) of the Company held September 29, 2008, on inter alia, have accorded to the following: 1. Adoption of audited Profit and Loss Account for the year ended March 31, 2008 and Balance sheet as at that date and report of Directors and Auditors thereon. 2. Declaration of dividend of 22.50% on the Equity Share capital. 3. Re-appointment of Dr. A C Muthiah as Director of the Company who shall be liable to retire by rotation. 4. Re-appointment of M/s. Sarathy & Balu as Statutory Auditors on such terms and conditions as may be agreed upon between the Board and the Auditors. 5. Appointment of Mr. Viswanath Tumu & Mr. Babu K Verghese as Directors of the Company who shall be liable to retire by rotation. 6. Re-appointment of Mr. Farouk Irani as Managing Director of the Company for a further period of 5 years with effect from June 18, 2008 on such terms and conditions mentioned in the Annual General Meeting Notice. 7. Authority to the Board of Directors for borrowing money(s) from Banks, Financial Institutions and any other lending Institutions etc. and upto a maximum limit of Rs 2,000 Crores. 8. Authority to the Board of Directors of the Company to create charge / mortgage on the undertakings of the Company in favour of Banks, Financial Institutions and any other lending Institutions etc. against the money(s) borrowed not exceeding Rs 2,000 Crores.

Source: BSE Date: 09-06-2008

Parichay Investments Ltd

Parichay Investments Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors and the Auditors thereon. 2. Shri. Dipak Tanna, not re-appointed as Director of the Company w.e.f. September 30, 2008. 3. Appointment of M/s. R K Bubna Associates, Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company. 4. Appointment of Shri. Omi Bagadiya, Shri. Anurag Agrawal, Shri. Rajendra Kumar Agrawal and Shri. Saurabh Agrawal, as Directors of the Company.

Source: BSE Date: 09-06-2008

Maharashtra Industrial Leasing And Investment

Maharashtra Industrial Leasing & Investments Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have unanimously approved the followings: 1. Adoption of Audited Balance Sheet of the Company as on June 30, 2008 and the Profit & Loss Account for the year ended on that date together with the Reports of Directors and Auditors thereon. 2. Re-appointment of Mr Harshad Dave & Mr Ramesh Kumar Bhattar as Directors of the Company, liable to retire by rotation. 3. Re-appointment of M/s. B P Trivedi & Associates, Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this AGM till the Conclusion of next ACM of the Company. 4. Sub-division of the existing shares of the Company of Rs 10/- each into Rs 1/- each.

Source: BSE Date: 09-06-2008

Quantum Digital Vision

Quantum Digital Vision India Ltd has informed BSE about the Unaudited financial results for the Quarter ended June 30, 2008.

Source: BSE Date: 09-06-2008

Inwinex Pharmaceuticals

Inwinex Pharmaceuticals Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have approved the following: 1. Approved and adopted the Audited Annual Accounts for the year ended March 31, 2008 together with report of Directors and Auditors thereon. 2. Re-appointment of Ms. P Sujatha as Director of the Company. 3. Re-appointment of Mr. Prakash Chokda, Chartered Accountant as Auditors for 2008- 2009. 4. Approved the appointment of Mr. Arvind Varchaswi & Mr. Narsimhan N as Directors of the Company, liable to retire by rotation. 5. Approved the appointment of Mr. Ramesh Chandra Agarwal as Managing Director of the Company w.e.f. October 01, 2008. 6. Approved the appointment of Mr. Manmohan Agarwal as Executive Director of the Company w.e.f. October 01, 2008. 7. Approved the creation of Mortgage on Assets of the Company under section 293(1)(a) and other applicable provisions, if any of the Companies Act, 1956.

Source: BSE Date: 09-06-2008

Sharyans Resources

Sharyans Resources Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 03, 2008, the 10,00,000 outstanding warrants have not yet been exercised to date and hence stand cancelled. There is no outstanding warrants and the paid up capital of the Company is Rs 14,87,00,000/- as on date.

Source: BSE Date: 09-06-2008

Maharashtra Apex Corporation

Maha Rashtra Apex Corporation Ltd has informed BSE that the members at the 64th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded the following: 1. Adoption of the Audited Profit & Loss Account for the year ended March 31, 2008 and the Balance Sheet as at that date and the Report of the Board of Directors and Auditors thereon. 2. Re-appointment of Sri. K B Shetty, as Director of the Company, liable to retire by rotation. 3. Re-appointment of M/s. Rao & Swami, Chartered Accountants, Udupi as the Statutory Auditors until the conclusion of the next Annual General Meeting and the Board was authorized to fix their remuneration.

Source: BSE Date: 09-06-2008

UV Boards

Paro Leasing & Finance Ltd has informed BSE that the 20th Annual General Meeting (AGM) of the Company was held on September 30, 2008.

Source: BSE Date: 09-06-2008

Inca Finlease

Inca Finlease Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have unanimously approved the followings: 1. Adoption of Audited Balance Sheet of the Company as on March 31, 2008 and the Profit & Loss Account for the year ended on that date together with the Reports of Directors and Auditors thereon. 2. Re-appointment of Mr. Jasraj Hariprasad Rathi as Director of the Company, liable to retire by rotation. 3. Re-appointment of M/s. Sudhir M Desai & Co., Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this AGM till the Conclusion of next AGM of the Company.

Source: BSE Date: 09-06-2008

Ganesh Housing Corporation

Ganesh Housing Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 25, 2008, inter alia, to consider the proposal for buy-back of equity shares upto such amount of the aggregate of Company’s paid up equity capital and free reserves as the Board may decide in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998. The members of the Board will consider the aforesaid proposal only if the members of the Company at the Extra Ordinary general meeting scheduled to be convened on October 25, 2008 approves the insertion of requisite enabling Clause 10A in the Articles of Association of the Company for buy back of equity shares.

Source: BSE Date: 09-06-2008

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NSE notices 6 October, 2008

Latest NSE announcements and notices from Stockinvest.in

Gujarat NRE Coke

Gujarat Nre Coke Ltd. has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956 read with the provisions of the Companies (passing of Resolutions by Postal Ballot) Rules, 2001 the following Ordinary/Special Resolutions are proposed to be passed by means of Postal Ballot under the said rules : (1) Increase of Authorised Capital and amendment of Memorandum of Association. (2) Alteration of Articles of Association. (3) Issue of “A” Equity Shares of Rs.10/- each with Differential voting Rights. (4) Authority to sell, lease or otherwise dispose of whole or substantially the whole of undertaking(s) of Company. The Board of Directors of Company has appointed Mr. S.K. Gosh, a Practicing Company Secretary, as Scrutinizer for conducting the process of voting by postal ballot. The postal ballot form duly completed should reach the scrutinizer on or before the close of working hours on November 08, 2008. The Scrutinizer after completion of scrutiny, will submit his Report to the Chairman of the Company. The result of the postal ballot will be declared by the Chairman on November 11, 2008. A copy of the postal ballot notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date:Date: 09-06-2008

Ruchi Soya Industries

Ruchi Soya Industries Ltd. has informed the Exchange that all the business as per the notice were transacted at the Annual General Meeting held on September 30, 2008. Further, Mr. Ashok Kumar Dhingra has been appointed as a director liable to retire by rotation in terms of Section 257 of the Companies Act, 1956. Mr. P. D. Dwivedi, Additional Director of the Company has been appointed as a director liable to retire by rotation in terms of Section 257 of the Companies Act, 1956. Both of them are independent directors. A copy of the notice of said AGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE :Date: 09-06-2008

Hanung Toys and Textiles

Hanung Toys And Textiles Limited has informed the Exchange regarding the proceeding of the Annual General Meeting of the Company held on September 26, 2008.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements):

Source: NSE Date:09-06-2008

Rama Newsprint and Papers

Rama Newsprint And Papers Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 19, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date:09-06-2008

SRF

Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited (”the Company”) is buying back its own fully paid up equity shares (”Shares”) of face value Rs.10/- each (”the Buyback”) from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd (”BSE”) and The National Stock Exchange of India Ltd. (”NSE”) (together the “Stock Exchanges”). The Company has appointed Enam Securities Pvt. Ltd., as its brokers (”Appointed Broker”) for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 06, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 06, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.): N.A.; (g) Cumulative Equity Shares bought as on October 03, 2008: 2648892; (h) Quantity Closed Out on October 06, 2008 - Nil; (i) Quantity Closed out as on October 03, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 06, 2008: 2647991.

Source: NSE Date: 09-06-2008

Southern Petrochemical Industries Corporation

Southern Petrochemicals Industries Corporation Ltd. has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on September 25, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-06-2008

Thermax

Thermax Ltd has informed the Exchange that the Company has won a Rs. 450 crore order for setting up a captive power plant. The 60 MW power plant will be built and commissioned on a turnkey basis for a green field integrated steel complex in Andhra Pradesh. The plant will use process gases and blended coal as fuel. The further details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-06-2008

Surya Roshni

Sintex Industries Ltd. has informed the Exchange that further to the Scheme of Arrangement between Sintex Industries Limited and its equity shareholders being approved by the Equity Shareholders of Sintex Industries Limited (”the company”), the company had filed a company Petition with the Hon’ble High Court of Gujarat at Ahmedabad on September 20, 2008. Subsequently, the Hon’ble High Court, by an order made on September 23, 2008 has directed that the Petition is fixed for hearing and final disposal on October 20, 2008 and notice of the hearing of the Petition to be advertised in newspaper at least, 10 days before the date of hearing so fixed. The notice of Petition was published in the newspaper on September 26, 2008. The copy of the notice of Petition shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-03-2008

Chemfab Alkalies

Chemfab Alkalis Limited has informed the Exchange that: “Mr.J.Venkataraman, co-opted as an Additional Director of the Company, at the Meeting of Board of Directors of the Company held on 01st October, 2008″.

Source: NSE Date: 09-06-2008

Deccan Cements

Deccan Cements Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on September 02, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-06-2008

Prakash Industries

Prakash Industries Ltd has submitted to the Exchange a copy of the Minutes of the Annual General Meeting of the members of the Company held on September 27, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-06-2008

Infotech Enterprises

Infotech Enterprises Ltd has informed the Exchange regarding a press release dated October 01, 2008, titled “Infotech Enterprises announces extension of long term contract with Bombardier Transportation”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date:09-06-2008

Cadila Healthcare

Cadila Healthcare Limited has informed the Exchange that further to the Composite Scheme of Arrangement being approved by the Equity Shareholders and Unsecured Creditors of Cadila Healthcare Limited (”the Company”), the Company had filed a company Petition with the Hon’ble High Court of Gujarat at Ahmedabad on September 22, 2008. Subsequently, the Hon’ble High Court, by an order made on September 23, 2008 has directed that the Petition is fixed for hearing and final disposal on October 20, 2008 and notice of the hearing of the Petition to be advertised in Newspapers at least, 10 days before the date of hearing so fixed. The notice of Petition was published in the newspapers on September 26, 2008. A copy of the notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-06-2008

Chemfab Alkalies

Chemfab Alkalis Limited has informed the Exchange that: “Mr.J.Venkataraman, co-opted as an Additional Director of the Company, at the Meeting of Board of Directors of the Company held on 01st October, 2008″.

Source: NSE Date: 09-06-2008

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RBI cuts CRR by 50 basis points

Latest breaking news from Stockinvest.in

Reserve Bank of India (RBI) has cut the CRR by 50 basis point to 8.5 percent with effect from October 11. This will release Rs 20, 000 Crore into the system.

Complete story from stockinvest.in>>>>>