Indian Stock Market

Stock flared up to 385 in just some time…got a call to buy from sify biz for intra day….is there any news coming????
Regards, Parthiv Shah
On 9/12/07, Jitesh Singh wrote: > > Dear All > > Please find the excerpts of a report that read about the above mentioned > company > > > > Schrader Duncan Limited (SSD) is an Indo American Joint Venture with the > Gates Group of Companies, U.S.A., a 4 bn dollar global major engaged in > the manufacture and distribution of automotive components, power > transmission belts, hoses, wiper systems, lubricating systems, etc. Gates > Group of Companies are head quartered in Denver, Colorado, U.S.A. with > operations in the U.S., Brazil, Mexico, U.K., France, India, Australia and > China. Schrader Duncan Eq 3.6 crs US promoter holds 50% whereas J P Goenka > holds 25% and current market cap - close to 130 crs > > Top line of Rs 70 odd crs through 4 factories at Mumbai, Nashik, Mhape and > now Pune > > Rising costs world over and India’s competence in this niche market and > growing world market share in automobiles Schrader has no choice that to > spread its wings in India. > > Presto another US co and major player in automobiles and industrial > products is keen to enter India in a big way and it has already opened an > office in Andheri to keep close watch on development in this segment. It i= s > heard from reliable sources that Presto has already made an attempt to > become partner in S S Duncan which is just not possible without Schrader > moving out. > > Schrader started taking interest in late 2006 when it took decision to > sell off 2 acre land at Mumbai for Rs 28 crs. After paying tax and VRS and > paying Rs 17 as extra dividend, Schrader put anther plant at Ranjangaon Pu= ne > to shift its automotive division of Mulund….. > it is expected that this should happen in next 2 months and the commercial > production should start by Nov 2007 at Ranjangaon. > > The remained land of 4.5 acre which a premier land in MUMBAI adjoining > NIRMAL LIFE STYLE where present automotive division is working will become > vacant. > > GATES is now geared to outsource form India in a big and therefore it was > necessary for Schrader to impart better technology and expanded product ba= se > for India because with just small product profile the vertical growth was > just not possible. > > Gates is India’s most advanced and complete hose manufacturer. As the > Indian subsidiary of The Gates Corporation, USA, it has established itself > firmly in the Indian hose market. Equipped with the latest technology, the > manufacturing facility of Gates India is spread over an area of 35 acres a= t > Lalru, near Chandigarh. Gates India is the one of the newest Gates > facilities, manufacturing hydraulic & industrial hoses and is backed by > sufficient captive power generation. > > > Indian client=E8le > Construction & Heavy Equipment Manufacturers viz. Caterpillar India, > Escorts Construction, Greaves, Gujarat Apollo, Ingersoll Rand, JCB-India, > L&T > > Other OEMs such as Ashok Leyland, Cummins India, Eicher, Ferromatik- > Milacron, Godrej, Inductotherm-India, Kirloskar Oil Engines, L&T Pumps, > Midco, Tata Motors, > > Mining Sector such as Eimco Elecon, Simplex, various subsidiaries of Coal > India Ltd. and Singareni Collieries Company Ltd. > > Oil Sector such as ONGC, IOCL, BPCL, HPCL, IBP, Reliance,… > > Steel Manufacturers viz. SAIL Bhilai, SAIL Bokaro, TISCO, Vizag Steel > Plant, Ispat,Jindal… > > Cement Plants like ACC, Birla Cements, Century Cement, Gujarat Ambuja, > India Cements and more. > > Global Clients > Case New Holland, Caterpillar, Chrysler, Ditch Witch, Ford, General > Motors, Hitachi, Ingersoll Rand, JCB, John Deere, JLG, Komatsu, Nissan, > Toyota, and Vermeer amongst others > > > SS Duncan may sell its Mumbai property and the estimated realizable price > of the piece of land 4.5 acre could fetch close to Rs 275 crs if sold in > land form and could fetch Rs 360 crs if developed (net of costs). > > The report has given very aggressive target… > > > > Due to constraints I cannot post the report however would want seniors to > comment on the same > > > Thank you > > > > > > >