Godrej Industries

NSE Announcements on Godrej Ind

Posted by : MMB Messenger
Price when posted : [Godrej Ind - BSE:Rs. 166.35 NSE:Rs. 166.80 when posted]

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Godrej Industries Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on July 29, 2008 approved the following business for which approval of shareholders by Postal Ballot is sought: To further invest in securities of and/or place intercorporate deposits with and/or invest in debentures of and/or give guarantee(s) to and or make loans or any other form of debt to and/or investment in Godrej Hershey Limited, under Section 372A of the Companies Act, 1956, upto a sum of Rs. 22.30 crore. Mr. B.M. Shemlani, Chartered Accountant and failing him Mr. Kalidas Vanjpe, Practicing Company Secretary has been appointed by the Board as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. Duly completed Postal Ballot form should reach to the Scrutinizer before the close of working hours on September 17, 2008. The Scrutinizer will submit his report to the Board of Directors of the Company after completion of the scrutiny. Results of the Postal Ballot will be announced by the Chairman on September 19, 2008. Further, the company has submitted to the Exchange the copy of notice published dated August 14, 2008 regarding despatch of postal ballot notice. The copy of the same alongwith notice of postal ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....

BSE Announcements on Godrej Ind

Posted by : MMB Messenger
Price when posted : [Godrej Ind - BSE:Rs. 166.35 NSE:Rs. 166.80 when posted]

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Godrej Industries Ltd has informed BSE that members of the Company will consider the resolutions by way of Postal Ballot....

NSE Announcements on Godrej Ind

Posted by : MMB Messenger
Price when posted : [Godrej Ind - BSE:Rs. 166.00 NSE:Rs. 168.00 when posted]

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Godrej 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 July 29, 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). ...

BSE Announcements on Godrej Ind

Posted by : MMB Messenger
Price when posted : [Godrej Ind - BSE:Rs. 169.35 NSE:Rs. 168.80 when posted]

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Godrej Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on July 29, 2008....

how much time for taget rs 250?

Posted by : satnam sudhu
Price when posted : BSE: Rs 168.65 ( 0.69 % ), NSE: Rs. 170.00 ( 1.25 % )

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how much time will it atke for 250 and what will be the buy back price ...

NSE Announcements on Godrej Ind

Posted by : MMB Messenger
Price when posted : [Godrej Ind - BSE:Rs. 167.50 NSE:Rs. 167.90 when posted]

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Godrej Industries Ltd. has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 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). ...

Record data for Divident

Posted by : MDR
Price when posted : BSE: Rs 172.80 ( 0.73 % ), NSE: Rs. 172.90 ( 0.32 % )

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What is record date for Divident 28-5 or 17-8 ?...

www.financeandstockadvice.blogspot.com

Posted by : Guest
Price when posted : BSE: Rs 172.80 ( 0.73 % ), NSE: Rs. 173.35 ( 0.58 % )

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to trade in this market a guru is required to guide the proper way in this financial jungle...

upside

Posted by : Guest
Price when posted : BSE: Rs 176.20 ( 2.41 % ), NSE: Rs. 175.80 ( 2.45 % )

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As per chart of godgrej ind can touch 249~279 within month period who had buy at higher level can exit in current rally max upside is 326 level by sept end....

Back in action

Posted by : WhatsUP
Price when posted : BSE: Rs 172.05 ( -2.44 % ), NSE: Rs. 171.60 ( -2.75 % )

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Amol:
in Feb 2002, godrej industries had come out with a buyback offer at Rs 18 per share
==================================
Therefore with a view to provide an exit opportunity to the shareholders, the Board of Directors of the company is contemplating the purchase of shares from the shareholders.

The salient features of the scheme as under:

1. The Company shall purchase its equity shares, on a date fixed by the Board following the record date, representing not more than 40% of its paid-up equity capital ie 2,46,88,014 equity shares of Rs 6 each
2. The consideration for the purchase to be discharged through cash @ Rs 18 per equity share
3. The purchase price represents a 38% premium to the past six months average market price
4. The share so purchased shall be cancelled
5. The scheme would be subject to approval of the requisite majority of the shareholders,creditors and Bombay High Court
6. If on implementation of the scheme, the public holding reduces to less than 10%, the company's shares would be delisted.
==================================

Right now Bhuruka Gases has also come out with a buyback of shares (the price has not yet been decided) and what I was trying to say was that the buyback price is always done when there is a lot of potential for growth.. In case of bhuruka gases it has 8-12 Acres of land in bangalore Whitefield road, mahadevapura post.

Promoters did a 75% reduction in equity, invested 10Cr after the 75% reduction in equity and now are planning to buyback the stock from the market..I estimate the minimum buyback price to be close to 80-88 levels right now the market price is Rs 35 and current market cap is 49.2CR the company land worth is about 69Cr and bhoruka gases plant is worth minimum 41Cr

Plot map:
URL: htt p:/ /ww w .wikimapia. org /1112034/Bhuruka-Gases-Ltd

Yes godrej industries had a lot of value at Rs 18 and now as you can see it was not worth selling back to the promoters.. at Rs 18/=

You can consider investing in bhuruka gases.. just from the net worth and the buyback opportunity..

=happy investing...

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Back in action

Posted by : Amol77

Dear WhatsUP

I am sorry but I did not get your calculations and the entire explanation. Did you mean to say that buy back at Rs 17 was done some time back when the FV was 6 and with the current price how come you are multiplying by 6 and getting that magic 4 figure ?

Please explain to me as I did not understand.

Thanks
Amol.

Back in action

Posted by : Amol77
Price when posted : BSE: Rs 170.50 ( -3.32 % ), NSE: Rs. 170.30 ( -3.49 % )

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Dear WhatsUP

I am sorry but I did not get your calculations and the entire explanation. Did you mean to say that buy back at Rs 17 was done some time back when the FV was 6 and with the current price how come you are multiplying by 6 and getting that magic 4 figure ?

Please explain to me as I did not understand.

Thanks
Amol....

In reply to:

Back in action

Posted by : WhatsUP

Guest:

I had replied back to this post with regards to godrej industries valuations and the buyback price offered by promoters..

here is the info I am reposting it..

=====================
Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..

If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.

I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.

Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..

The stock will swing up and down to drop from the weak hands and get into the strong hands..

Back in action

Posted by : WhatsUP
Price when posted : BSE: Rs 37.40 ( 2.47 % )

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Guest:

I had replied back to this post with regards to godrej industries valuations and the buyback price offered by promoters..

here is the info I am reposting it..

=====================
Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..

If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.

I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.

Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..

The stock will swing up and down to drop from the weak hands and get into the strong hands.. ...

Back in action

Posted by : WhatsUP
Price when posted : BSE: Rs 182.80 ( -2.14 % ), NSE: Rs. 182.40 ( -2.30 % )

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This
Godrej industries post was in bhuruka gases section I dont know why? the posts are being transferred from one board to another making no head or tail of the conversation..

bhuruka gases has a buyback proposal from the promoters and we are debating what is a good buyback price..(as the price has not yet been decided) and comparing the buyback done by godrej industries..

bhuruka gases has 12 acres of land in bangalore whitefield road next to dlf technopolis.. we are discussing the ultimate buyback price as right now bhuruka gases has a market cap of just 52.6CR and the stock has gone up by 63% in last 2 weeks..

=happy investing ...

In reply to:

Back in action

Posted by : WhatsUP

Guest:

Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..

If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.

I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.

Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..

The stock will swing up and down to drop from the weak hands and get into the strong hands..

Back in action

Posted by : WhatsUP
Price when posted : BSE: Rs 36.20 ( -0.82 % )

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Guest:

Godrej industries buyback at Rs 17/= was for a face value of Rs 6/=
considering Rs 1 face value of the current share ..

If you had NOT tendered in the stock.. the current value of Godrej industries is: 184.7 x 6 = 7108.2 so anyone who bought into the idea that the stock is worth only the 52 week average high low and sold godrej industries lost a growth in value of 41,812% ie your money multiplied 418 times from the buyback price..if you were still holding on.

I know godrej industries because I had bought the shares at 35 to 50 levels.. Infact if they have archives in Money control you can see my comments in money control.

Even in Sterlite industries I am sure the story is the same ..with buyback valuation at a steep discount to the actual value.. only thing is one needs to be patient and have the strength to hold the stock..

The stock will swing up and down to drop from the weak hands and get into the strong hands.....

Godrej Industries - Target 225.

Posted by : shareviews
Price when posted : BSE: Rs 186.80 ( 3.63 % ), NSE: Rs. 186.70 ( 3.55 % )

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Buy Godrej Industries with a target of Rs. 225. ...