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19 November, 2008

GOOGLE MOBILE: STOCK QUOTE SEARCH

Google has introduced "Google Mobile Search" through SMS from your mobile.

Google says "Get cricket scores, Indian Railways train schedules & ticket status, horoscopes, movie showtimes, restaurant information and more ...all through SMS on your phone."

Note: No premium charge for the search unlike other providers, only standard SMS charge.

Try the following search:
Reliance quote
SMS to 9-77-33-00000
You will get an SMS almost immediately as follows:
Stock:
500325 (Reliance Industries Ltd)
1184.00 (+43.00/3.80%)
Happy searching.

Go to the link for more informations: Google Mobile-SMS

18 November, 2008

STILL AT PE MULTIPLE OF THREE DIGITS

Are there still some equities with PE multiple of theree digits even after the mayhem of stock market?

Yes, there are. Some equities are still commanding that much of confidence (?) from investors. When most of the front line companies have corrected themselves to reasonable PE, the somewhat obscure or traders favourite companies are still there at that unreasonably high position.

Followings are few companies

Mineral and Metal Trading Corp.
Essar Oil
Reliance Natural Resources
Ispat Industries

It is hard to find justification for such high valuations.

More reading at Link The Economic Times

07 November, 2008

BOOK VALUE Vs MARKET VALUE?

It is hard to beleive that the book value of a blue script is more than its market value. But the present Bear run has made it possible. Few very good scripts has exactly shown this anomaly. Followings are the companies.

Tata Steel,
Cairn,
Hindustan Zinc,
Hindalco,
MTNL,
Videocon Industries,
Central Bank of India and
Allahabad Bank

Also among the relatively smaller companies the followings are notable.

Raymond,
Parsvnath,
Bajaj Hindusthan,
Vardhman Textiles  and
Bajaj Auto Finance.

The news item can be accessed from this link. Economictimes.

Should one go all out in aquiring the above stocks? I beleive in market sentiment, there may be reasons for this fundamental anomalies. But anyway this is a good start to study these stocks.

The news also says there are many more stocks of similar fate.