E-Investing India - Online Community for Investors and Traders  

Go Back   E-Investing India - Online Community for Investors and Traders > Stock Markets > Individual Stocks
Read All Rules Contact Site Administrator

Individual Stocks Discussion Forum for Individual Stocks. If you have query/suggestion on more than one stock, which are UNRELATED TO EACH OTHER, USE SEPARATE THREADS.

Reply
 
Thread Tools Display Modes
  #121  
Old 2nd February 2015, 01:43 PM
Regular Member
 
Join Date: Aug 2009
Location: Bangalore
Posts: 718
Rep Power: 3371
rajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond repute
Send a message via Yahoo to rajivka
Default



Quote:
Originally Posted by $$Money$$ View Post
I spoke to them and they said that the amount will be refunded to the bank account. Let's see what happens.
I can't trust if this information is correct. I doubt if Sharekhan people knows about OFS. When something new is introduced in market, they sometime mess up things. In 2010, I applied for Shiram Transport NCD on the very first day, but they messed up things and processed my application next day. After that I never applied NCDs through sharekhan.
Reply With Quote
  #122  
Old 2nd February 2015, 07:16 PM
Regular Member
 
Join Date: Aug 2009
Location: Bangalore
Posts: 718
Rep Power: 3371
rajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond repute
Send a message via Yahoo to rajivka
Default

Quote:
Originally Posted by rajivka View Post
I can't trust if this information is correct. I doubt if Sharekhan people knows about OFS. When something new is introduced in market, they sometime mess up things. In 2010, I applied for Shiram Transport NCD on the very first day, but they messed up things and processed my application next day. After that I never applied NCDs through sharekhan.
It seems sharekhan will credit the amount tomorrow.

I have not received the shares till now. Did Anyone receive it? If shares are not credited today, then people who sold on Friday may have to face auction.
Reply With Quote
  #123  
Old 2nd February 2015, 10:41 PM
Regular Member
 
Join Date: Aug 2009
Location: Bangalore
Posts: 718
Rep Power: 3371
rajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond repute
Send a message via Yahoo to rajivka
Default

Got an email from Sharekhan. Again messed up things. However they compensated by purchasing it from the market and charging 340.1 + brokerage + other charges

Below is an email from Sharekhan
--------------------------------------
We thank you for the continuous patronage towards our services.

We write to you in relation to the order placed by you towards the Offer for Sale (OFS) of Coal India Limited (CIL). In this regard, we would request you to note that due to some system related issues at the exchange, we were unable to place your bids on the OFS platform.

However to ensure that our valued clients do not suffer due to any issues faced with the exchanges we have purchased your desired shares from the open market today and the same would be credited to your demat account on 4th February,2015. It may be also noted that these share are presently shown in the Sale Receivable (SR) report which can be verified post logging in on our website and are eligible for any transaction if you may so desire.

Below is the summary of the number of shares being credited to your account along with all relevant costs -

No of shares bid: 150
Bid price: 358.00
Average price: 340.1000
Brokerage: 51.02
Total Statutory cost: 64.11
Total cost of shares purchased: 51130.13

-------------------------------------------------------
Reply With Quote
  #124  
Old 3rd February 2015, 09:30 AM
Member
 
Join Date: Jun 2009
Posts: 207
Rep Power: 1198
$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute
Default

I also got the same email. The discount amount has also be credited. They must have suffered a decent size loss due to this goof up depending on how many clients applied.

This is one of the reasons I am reasonably satisfied with Sharekhan. They do mess up occasionally but are mostly fair in their dealings without having to break your head with them.
Reply With Quote
  #125  
Old 4th February 2015, 12:18 AM
Regular Member
 
Join Date: Aug 2009
Location: Bangalore
Posts: 718
Rep Power: 3371
rajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond repute
Send a message via Yahoo to rajivka
Default

Quote:
Originally Posted by $$Money$$ View Post
I also got the same email. The discount amount has also be credited. They must have suffered a decent size loss due to this goof up depending on how many clients applied.

This is one of the reasons I am reasonably satisfied with Sharekhan. They do mess up occasionally but are mostly fair in their dealings without having to break your head with them.
Yes, I think they would have suffered big losses. I am feeling bit sorry for them.

Sharekhan is more fair in dealing compared with other brokers. If there is losses because of their mistake, then normally they reimburse it to the client. But these problems are little too frequent.

- Whenever a new product is introduced in market, they are normally not prepared for it. There are good chances they will do some mistake.

- Sharekhan system is designed for more common things. Like for NCDs there are still flaws. Sometime NCDs are marked as T2T in their system, so they dont allow intraday. In NSE, they allow multiple of 5 paise only for NCDs, whereas exchange allows multiple of 1 paisa. I pointed out this issue many times, but they fail to rectify it. Margin calculation also has some flaws which are hard to explain to their customer care.

This time they solved the issue themselves. But most of the time, you need to raise complaint to get it solved. Convince the customer care that there was a problem from Sharekhan end. This requires both time and effort. If you dont know about the issue or you dont have time and patience to escalate this issue, probably you wont be reimbursed.

I am happy with sharekhan that they are more transparent than other broker. But I would prefer if they hire more trained people in their staff, who don't make these mistakes. Also make their system more user friendly. Make proper differentiation between different products.
Reply With Quote
  #126  
Old 4th February 2015, 05:55 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,063
Rep Power: 7498
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by rajivka View Post
I have not received the shares till now. Did Anyone receive it? If shares are not credited today, then people who sold on Friday may have to face auction.
It seems the OFS settlement cycle has changed and retail settlement now happens on T+2 day.

For NSE circular dated 2nd December 2014:

Quote:
3. In partial modification to earlier circular, in respect of bids in the retail category, clearing corporation shall collect margin to the extent of 100% of order value in cash or cash equivalents. Pay-in and pay-out for retail bids shall take place as per normal secondary market transactions.
The shares that I sold on Friday were auctioned, but the auction bill was just Rs. 97267.50 (Rs 360.25 per share).

I may actually end up making a higher profit because of this goof-up.
Reply With Quote
  #127  
Old 5th February 2015, 09:40 AM
Regular Member
 
Join Date: Apr 2008
Posts: 963
Rep Power: 1284
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

It turned out to be a profitable situation for you now.

Now do you have any price target to exit?

As usual this time too LIC picked up around 50% of the OFS allotment. That could be the main reason why there was not much pressure in the stock price after the OFS.

Also please respond to my query in the PFC thread.

Thanks!!
Reply With Quote
  #128  
Old 5th February 2015, 03:20 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,063
Rep Power: 7498
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by paran View Post
Now do you have any price target to exit?
Today, the stock completed 50% retracement of its fall from 400 to 350.15.

The 61.8 level is around 380.95.

I may exit just below that level.
Reply With Quote
  #129  
Old 17th February 2015, 09:39 AM
Administrator
 
Join Date: Sep 2006
Posts: 11,063
Rep Power: 7498
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

I had gone out for a week.

My GTC sell order at Kotak Securities was executed on 13th February 2015.

I sold all 270 shares at Rs 379.40.
Reply With Quote
  #130  
Old 27th February 2015, 11:39 AM
Regular Member
 
Join Date: Apr 2008
Posts: 963
Rep Power: 1284
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

I sold all 459 at 395.75 today.

May be it can go higher but I had a target to sell at this price and I sold it.
Reply With Quote
  #131  
Old 24th August 2015, 06:29 AM
Regular Member
 
Join Date: Apr 2008
Posts: 963
Rep Power: 1284
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

What is wrong with Coal India? Why did it fall too much recently?

CMP is Rs:348.70 and 52 week high is Rs:447.25 (BSE details).

Any idea?
Reply With Quote
  #132  
Old 24th August 2015, 08:35 AM
Administrator
 
Join Date: Sep 2006
Posts: 11,063
Rep Power: 7498
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by paran View Post
What is wrong with Coal India? Why did it fall too much recently?

CMP is Rs:348.70 and 52 week high is Rs:447.25 (BSE details).

Any idea?
Lots of reasons.

1. Overall market weakness.

2. Another OFS coming.

3. Production targets missed.

Coal India's billion-tonne goal quietly rolled back | Latest News & Updates at Daily News & Analysis

Coal India Falls 3% on Production Target Miss - NDTVProfit.com

4. Constantly increasing expenses.

Quote:
Analysts say that if the trend of rising costs at Coal India continues till 2017, the company may see a large chunk of its margin getting wiped off as a 20-30% rise in salaries is expected during wage talks which are due in two years. Salaries constitute almost 50% of the cost of coal production.
Coal India to tweak e-auctions to check falling prices - timesofindia-economictimes

5. Coal prices crashing.

Quote:
Coal futures touched a 12-year low as demand from the world economy slips and production of the fuel continues unabated.
Coal at 12-year low: How it affects India | Business Standard News
Reply With Quote
  #133  
Old 28th September 2016, 11:37 AM
Junior Member
 
Join Date: Sep 2010
Posts: 8
Rep Power: 0
Hombs is an unknown quantity at this point
Default

Dear all,

I have got a request for Coal India Buyback at 335/-.

I have some shares allotted during IPO.

What should I do? sell them or hold them

Thank you.
Reply With Quote
  #134  
Old 29th September 2016, 07:37 AM
Senior Member
 
Join Date: Jul 2010
Posts: 1,867
Rep Power: 4706
magnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond reputemagnet has a reputation beyond repute
Default

I am in same boat. Alloted in IPO at around 233.

Where do you find companies who pay almost 10% dividend every year at market price.

Also right now they have near monopoly business.

If you need money or see better opportunity to earn more tender your shares or the best thing to do for companies like COAL INDIA is do nothing .

Note::I am not tendering any shares. And hoping in future more such buy back comes so the floating goes further down.
Reply With Quote
  #135  
Old 23rd April 2017, 07:51 PM
Regular Member
 
Join Date: Apr 2008
Posts: 963
Rep Power: 1284
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

Looks like some relentless selling is going on in Coal India. However from the past historical data generally at this range it goes back again.

I am thinking to invest at this price range and expecting 20% return in one year's time. Is it worth to buy at this level? Any suggestion or concerns please share.

Thanks!!
Reply With Quote
  #136  
Old 24th April 2017, 03:20 PM
Regular Member
 
Join Date: Apr 2008
Posts: 963
Rep Power: 1284
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

Today I bought it at 277.65 (excluding brokerage).
Reply With Quote
  #137  
Old 4th August 2017, 09:03 AM
Administrator
 
Join Date: Sep 2006
Posts: 11,063
Rep Power: 7498
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

After nearly 10 years, the stock is back to its IPO price.

Total dividend paid in 10 years is Rs 124.9 per share.
Reply With Quote
  #138  
Old 4th August 2017, 11:26 AM
Member
 
Join Date: Jun 2009
Location: Noida
Posts: 116
Rep Power: 85
rakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant futurerakeshranjan.scs has a brilliant future
Send a message via Yahoo to rakeshranjan.scs
Default

Quote:
Originally Posted by Alchemist View Post
After nearly 10 years, the stock is back to its IPO price.

Total dividend paid in 10 years is Rs 124.9 per share.
So, it's not at all a good deal for long term investors.
Reply With Quote
  #139  
Old 8th August 2017, 10:53 PM
Regular Member
 
Join Date: Aug 2009
Location: Bangalore
Posts: 718
Rep Power: 3371
rajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond reputerajivka has a reputation beyond repute
Send a message via Yahoo to rajivka
Default

Quote:
Originally Posted by Alchemist View Post
After nearly 10 years, the stock is back to its IPO price.

Total dividend paid in 10 years is Rs 124.9 per share.
What would be the good buy price for this? Do you think it will still go down from here?
Reply With Quote
  #140  
Old 9th August 2017, 01:12 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,063
Rep Power: 7498
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by rajivka View Post
What would be the good buy price for this? Do you think it will still go down from here?
I think the stock will get good support around 215-220.

200 should be the rock bottom in the medium term.

Power sector's demand for coal is stagnating and Coal India hasn't been able to increase production significantly in last few years. Now there is price pressure too. Unions want a wage increase every now and then. Government is more interested in keeping power rates down and less interested in increasing profitability of Coal India.

Nothing is going right for Coal India and unless the economy suddenly starts firing all cylinders, things are unlikely to change much in the future.

Coal India is just another PSU and investors shouldn't expect much from it in the long term.

At best it can be considered a dividend play to be bought at lower levels and disposed off at higher levels.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
GAIL India (Gas Authority of India) PrashantS Individual Stocks 3 19th March 2012 07:16 AM
Coal India IPO InvestorB Initial Public Offerings - IPO Market 265 22nd November 2010 11:58 AM
Coal India - Listing Day Contest Alchemist Other Contests 33 11th November 2010 06:54 PM
Coal Index - Benchmark for Coal Prices - DJUSCL man4urheart Commodities Trading 5 18th November 2008 03:56 PM


All times are GMT +5.5. The time now is 08:05 PM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0
Ad Management plugin by RedTyger