Am I missing something here ! How is HOV Services only at Rs 105 ? On  June 7,2008 it was on a 20% Upper circuit at Rs 120.45  and on June 10,2008 hit a 10% upper circuit at Rs 132.45 before reacting………All of this movement was on announcement of great results and an offer of US $ 202 million for it’s wholly owned subsidiary HOV Services LLC,and it’s Hong Kong Subsidiary…This offer is being considered and if approved will give HOV Shareholders an option to take cash of US $ 91 million or  Rs 170/share or One share in buyers company for every share held in HOV…They will continue to retain original share in HOV ! Does not this mean you buy HOV at Rs 105 today and get Rs 170 in cash back from them on approval and closure of the sell off of some of their subsidiaries to the promoters controlled company itself ! and get to retain

IFCI has dropped from Rs 120 levels late 2007 to below Rs 40 now and an expert on NDTV Profit today advised a holder whose cost is Rs 73 to exit the scrip and take the loss as it will not go anywhere from here!  I say No way !…Oh It may fall lower from Rs 39…but the potential is very much alive and I see this stock recovering strongly as we roll into 2009  I first recommended this stock in Dec 2006 at Rs 16 and then several times in early 2007 as it climbed past Rs 30…It was categorised as a SS 3 Scriptech Select Stock (SS 3 stands for Scriptech Sapling reflecting a strong turnaround potential) Ofcourse IFCI did stand for I F….d the Country of India but then it showed very good prospects in 2006 to turnaround sharply as Value of it’s Investments held in NSE,etc surged sharply..It began showing operating profits and recommenced lending to

With share prices,especially of Real Estate Stocks arguably falling  even below the  Dead Sea Level (that’s below Sea Level and therefore sinking or drowning),Investors have seen quicksand erosion of wealth…DLF to shore up confidence has announced a Buy back Intention…They plan to buy back their shares …this can be through Open Market operations upto a predecided Share price and Fund Size Limit or they can issue a tender invitation to existing shareholders to submit their shares for Buy backat a decided price. There is no harm in this exercise except for the fact that DLF has just raised funds in 2007 through an IPO at Rs 525 per share…over 88% of the equity is with the promoters,whose holding cost is virtially free, and they need atleast 10% floating stock to remain listed…SEBI should ensure that only cash from operating profits are used to buy back shares and not cash received from premium in the IPO and other placements…this would not