there are two triggers for STC, as per my understanding
1) Bonus RD
2) STC deals for wheat going thru nice and smooth...Last years deals created Furore around countries, for creating shortage of wheat around the world...Lets see how it goes this time.STC is going after coal and other deals (including commodities). the revenue figure should definetely increase over time and for long term, its definetely a good buy + hold.
2 comments:
kris ... this is in response to your message on the moneycontrol MMB.
STC has several imports lined up apart from wheat.
For instance, it plans to import 6,000 tonnes of RBD palmolein and 9,000 tonnes of crude palm oil by Dec 07.
STC plans to import 200,000 tonnes of pulses in the Oct-Dec period, including a big chunk of yellow peas. Because production of pulses in India has stagnated, the Govt has banned exports and allowed duty free imports for pulses.
Farm Minister Sharad Pawar said India would import 3 million to 5 million tonnes of the grain in 2007, despite high prices.
The major problem with wheat is ... whenever the Indian Govt floats a tender for wheat, the prices of wheat in US shoot up. As soon as this huge tender was floated, wheat futures on the Chicago Board of Trade, which hit 11-year highs last week, were 5-7 cents per bushel higher on Wednesday on hearing about the fresh exports. This is starting to happen every year. Really, the Govt should step in and float smaller tenders and spread them out. It seems, India will prefer importing wheat from Canada, Australia and other countries rather than the US. This could be a positive.
Cheers!
1) Next key date will be Dec 22
2) bonus decision (madam pratibha _ Godspeed ;-) )
3) the results and Board meetings will come by jan 15th
Based on above, its not easy to calculate trigger dates but rough guess would be
- upward move from jan 1st (if its not a holiday)
- next upward move can take it well beyond 5500 is a rumour (i would like to see at least 10000 share price during RD (jan end or Feb first week (another guess))
Post a Comment