Wish you all a very happy new year. I recommence this blog in 2012. However, due to time constraints, I plan to make it a weekly update from now onwards. Hope the ideas/information shared is useful to you all.
2011 was pretty bad. Both Sensex and Nifty were down about 25 percent each during the year. I suppose all our Indian Warren Buffets’ too couldn’t manage to generate a positive return on their portfolios in 2011.
Anyway, it is time keep the past aside and think of the year ahead. Lets start by tracking the bulk deals for the first week of January 2012. So, here it is.
On Jan 2, 2012, Swati Rajesh Shah bought shares worth Rs 4.25 crores of Varun Industries. The person does not seem to be among the promoters, but the purchase seemed substantial. Please note that Varun Industries had recently announced sale of its 51% stake in an oil block to their JV for over Rs 750 crores. The company’s market capitalization is approx. Rs 720 crores.
On Jan 3, 2012, KBS Properties Private Limited bought shares worth Rs 5.15 crores of AP Paper from Trinity Infratech Private Limited. This paper company was sold off to an American paper manufacturer last year. The current market price is just 25% of the open offer price.
On the same day, shares worth Rs 3 crores were bought back by the management of Borosil Glass Works. Borosil has shifted off its manufacturing plant from Mumbai to Gujarat. Last year, the Mumbai factory land was sold off to Sheth developers for over Rs 800 crores.
On Jan 4, 2012, Macquarie Bank bought shares worth Rs 12 crores in Standard Chartered Plc, the first IDR. Australia-based Macquarie Bank has its own equity research team in Mumbai, and this purchase signals that they are quite bullish on Stan Chart.
On Jan 6, 2012, ICICI Prudential Life Insurance bought shares worth Rs 8.60 crores in Orient Paper & Industries Ltd. The fund house already holds 7.0% of all outstanding shares of the company.
Happy investing!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment