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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6397)	9/6/1999 5:31:00 PM
From: Mohan Marette	Respond to of 12475

CompanyWatch:Grauer & Weil: Up on speculation Company Website: growel.com Stock closed at Rs 125.00 on BSE as of 9/6/99 (not listed on NSE) P/E=8.93 Book value=Rs 147.37 Grauer & Weil: Up on speculation Suresh Krishnamurthy (BusinessLine) TRADING interest which was previously broadbased narrowed in the past week to high-priced stocks as a correction in stock prices materialised. Select stocks in the pharmaceutical, consumer goods and software industries posted handsome gains. Amongst low priced stocks, the Grauer & Weil scrip emerged as a notable performer in the past fortnight. The stock of Grauer & Weil has appreciated from Rs. 49.65 to Rs. 123.30, gaining Rs. 73.65. The appreciation in stock price has come about without any corresponding increase in trading volumes. With an equity base of Rs. 1.70 crores, the floating stock of the company, even with a public shareholding of around 40 per cent, is quite low. The buying interest in the counter is mainly related to reports of the sale of its subsidiary to Coca-Cola India. Grauer & Weil has two subsidiaries engaged in the business of bottling soft drinks. These two subsidiaries were reported to have been sold to Coca-Cola for a sum of Rs. 90 crores. The cost of its investments according to the annual report for the year ended March 1998 is only Rs. 2.73 crores and it holds a 77 per cent stake in Poona Bottling Company. As such, the sale would have meant a substantial increase in other income. The share price may have risen due to speculation surrounding the means of use of the sale proceeds. The company has, however, refuted the report. It had said in a release to the BSE with reference to the news item 'Coke buys Grauer & Weil's bottling arms for Rs. 90 crores', that the company is not party to any agreement with Coca-Cola India and is not slated to receive any sums as mentioned in the article. The stock price has however not declined even after the denial. Grauer & Weil is a manufacturer of electroplating machinery and chemicals.

To: Mohan Marette who wrote (6397)	9/6/1999 9:10:00 PM
From: JPR	Read Replies (2) \| Respond to of 12475

Where are the Pundits? What do they have to say? Kashmir so lu tion without dislodged, dislocated Pundit participation. Pundits are not Kahmiris!!! What arrogance Show me that Pundits are safe in the hands of the majority. How come that nobody talks about Pundits' opinions, & welfare dawn.com 06 september 1999 Monday 24 Jamadi-ul-Awwal 1420 Kashmiris hold demo in London By Our Staff Correspondent LONDON, Sept 5: Kashmiris on Sunday staged a peaceful demonstration outside the Indian High Commission building in central London to reject the farce of elections in the occupied Kashmir. Plebiscite not elections, chanted more than 100 Kashmiris who had come mostly from Birmingham to stage the protest demonstration against the so-called elections being held by the Indian government in the occupied Valley. "Out out, India out," "Indian forces leave Kashmir," the protester shouted in rejection of these elections. The demonstration was organised by Birmingham-based Tehrik-i-Kashmir and majority of the protesters had come from there. Tehrik-i-Kashmir chief Ghalib Khan had sought the police permission to hold the protest demonstration outside the Indian High Commission but when the protesters arrived they were not allowed to stand outside the Indian High Commission and instead herded towards Bush House, a few blocs away from the Indian High Commission. Apparently the police were under too much "pressure" and kept them away from the High Commission building for more than one-and-a-half hour. When only 30 minutes were left from the two-hour time allocated to the protesters for holding demonstration, they were allowed to protest a 100 yards away from the Indian High Commission building. This was the first time that the police had stopped demonstrators from protesting outside the Indian High Commission. The demonstration was also participated by PPP and Jamaat-i-Islami representatives.