i Develop Stocks Advisory

We at I Develop take Ranbaxy call before 3 days back @ 460 now World will buy and see the Daiichi Sankyo (Japan) deal news We knew about the Ranbaxy deal that is how we had initiated buy call on Ranbaxy. The stock did not perform to the expectations because in India such deals are leaked even when they conceived. Few operators had entered in Ranbaxy at Rs 420 levels and I had hinted even that time. Whatever is the value what do you expect from these guys…? You buy and they sell. They will in search of next story with waiting period of 3 to 4 months. These insiders will never be caught come what it may…? Japanese majar Daiichi Sankyo is set to buy the promoters - Malvinder Singh and Shivinder Singh's 34.8% stake in India's largest drugmaker Ranbaxy Labarotaries, sources close to the development said. If the deal comes through, it would mean a complete exit of Ranbaxy promoters from the company. The Japanese major will also make a mandatory open offer, as per the Indian laws, to buy an additional 20% stake in the company. The source added that Daiichi Sankyo plans to hold a controlling 51% stake in the Indian company. As ET reported earlier, the Japanese company may buy the promoters' stake at Rs 730 per share or around 30% premium over Ranbaxy's share price of Rs 560.75 on Tuesday. The company is likely to make an announcement to this effect later today. Immediately after Ranabxy deal was broken Zenotech was in 20% band. In 2007 Ranbaxy had acquired Zenotech shares at Rs 160 which means the open offer has triggered in Zenotech also where an open offer will have to come at Rs 160. So many things are known to us but we can’t spell out in the forum. I fact, some investors too have a bad tendency. They buy only SMS product and then cry that the full information is not available to them. You should always take SMS and web products which can give access to lot of information. Sandur is still not a fit case for buying back as a lot of 2 lac shares is in the market for sell. I think at Rs 700 it could be again a good buy with overall target of Rs 1800 over next 1 year. Further revision could be seen only when q1 nos are announced. Irrespective of very bad sentiments yesterday, I had categorically said that today will be good. We have not suggested any fresh positions today because we know fro sure the oil drama is not yet over. The oil behaviour clearly suggest that before heading for below 100 move it is going create panic waves the way GOLD had created from 930 to 1033 and thereafter it never crossed 960. Gold will touch 710 come what it may and so also oil 72 USD. We had refrained initiating buy calls for almost 4 months but now our S C team is back in action. Tomorrow could be a bad day but a golden opportunity for stock picking in A gr. Whenever SAIL falls to 154 levels it will be a great buy. Their other calls like RIL, SBI too gone well. Our team is now very confident that the worst is over and barring few jerks market will now keep on rising. PRAYER IS NOT AN ATTEMPT TO CHANGE GOD’S MIND BUT AN ATTEMPT TO LET GOD CHANGE OUR MINDS.