Friday, July 31, 2009

Gayatri Project Ltd......gave a call at Rs 166 now Rs 240...and

bse annoucement:

Gayatri Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2009, inter alia, has approved the following:1. Approved notice for convening Extra-ordinary General Meeting on August 26, 2009 to seek approval of the members for issue and allotment of not exceeding 10,00,0O0 (Ten Lakhs only) Equity Shares to M/s. RELIANCE CAPITAL TRUSTEE Co. LTD- RELIANCE INFRASTRUCTURE FUND a Strategic Investor at a price of Rs 185/- calculated in accordance with the provisions of SEBI (Disclosure and Investor Protection) Guidelines, 2000.2. Extending Corporate Guarantee of Rs 15 Crores to M/s. Gayatri - RNS Joint Venture.

My comments:
Gayatri was recomended at Rs 166 with all reasons on June 22 .It is now 240 in a month and Ril Cap is taking stake at Rs 185 for 10 lacs a strategic investor........That vindicates my call .......
Let me put it in lighter vein that maybe Ril Cap Fund Manager (Madhusudan Kela) may have read it here when I gave the call and hence decided to take a stake in Gayatri Project.......Lol.....I gave all informations needs to be given, when I gave a call on Gayatri Pro.....if one can refer it anyone can say that it was a buy at Rs 166 and it is still a buy at Rs 240.....


  1. what a recomendation
    great going .......keep it uppppp

  2. Dear Rajeev,
    Please comment on Auto sector & do you have any recommendations.Regards.Bhargav.

  3. Dear Bhargav,
    I do not track Auto sector that much as much as I do Auto Anciallary and the reason is they are all very highly priced.
    If we take Telco then they have high debts due to takeover of LandRover and Jaguar.Ashok Leyland is 1 paidup and already over 40,Maruti is also up, so is Hero Honda though the last two are fundamentally very strong counter...Left is TVS Suzuki but the growth in earning is not coming since long so donot follow it since long...