Moderator's Comment

 Hello,
To remain in the markets from the time of Harshad Mehta does not in any way indicate a person's skill in stock picking nor can it be give any certificate that the person is a master in the game. Stock picking is an art which one develops with constant practice and sound knowledge in the respective field.
Many companies have changed names, and no one is talking of that....for example Kolar Biotech Ltd made people fool through its name...IFSL Ltd or Kohinoor Broadcasting, with almost no promoters holding is still doing so....and Yash Management with aggressive rhetorics, have already done so some days back.....but these are stray incidents. There are many companies like Bajaj Tempo( now force motors), Telco ( now TATA Motors), TISCO( now TATA Steel), 3iInfotech, etc did well and is still doing well after the name change. But I am talking of price manipulation.......If a stock rises by 1000% does it indicate a sheer manipulation? It may be because people wanted to buy it at a higher price, with or without the intervention of the operators or market-men. Kindly Compare the price of Infosys or Satyam now and 15 years before......!! In a bull market, a stock can rise with or without operators help. One cannot say for certain that so and so st ocks have risen due to operator play. But there are some stocks with absolutely no fundamentals, whose rise can be said due to some "Hand of God". This I agree................
Now coming to the NRC, ..........
The company manufactures Nylon Tyre Cord, the profitability of which is indirectly related to high fuel prices. Which means if the price of fuel is high then the company is sure the end up with losses. With crude reaching record high of $70 per barrel, will the company benefit ? Look at the negative profits the company is making and will make in future due to this reason.
Besides the market for its products are sluggish for some days and will continue to do so for some more days. So what does it indicate ?
Also the company is continuously making losses, this is evident if one takes a close look at the balance sheet. From a profit of Rs.10.3 Cr in the Q4,2004-2005, its balance sheet is now red with a loss of Rs.5 Cr in Q3, 2005-06. So, where is the growth of the company ?
Moreover, the Deferred Tax Asset of Rs 16.687 million in respect of losses incurred during the current financial period has not been recognised in Q4.
Also from the BSE site I find that the company has only signed a MoU, for sale of a part of its land at Kalyan, which is subject to necessary clearances / approvals / orders. IT further states that the Company is expected to receive about Rs 1670 million as a result of the above understanding during the next one year or so. See the last sentence ,"during the next one year or so".
When is the next year ? Where is the immediate trigger ? There is also no news from the company as to when they will receive the money or whether they have received the money or not.
Now comes the third part. There is also no news what the company will do with this money. If the company goes in for the real estate development, then there is one story. But if the company goes in for the payment of the debts or goes in for capacity expansion, then also there are no immediate triggers. Besides, as mentioned earlier, the company's business is suffering due to tiring circumstances now.
So at the end I do not find any immediate triggers for the stock to scale new heights, though the company may rise in future after the completion of the expansion plans and all that. Mere getting some money does not give triggers to a stock. Last year a rubber company, got huge sum of money due to Carbon Credits, but it did not even move an inch. Instead it fell from grace. I also think NRC stock will temporarily come down from above Rs.40 to some rates below Rs.30. Yesterday the stock came down by 3.29% and this downtrend in the counter will continue.
I hope I could shed some light on the topic. My request to the boarders :
'Please if u are not totally aware of something, please refrain from creating confusion or making blanket statements'.
Stock selection is a difficult ball game altogether, and it is not everyone's forte.
Yesterday, my recommended picks Coral Finance and Housing, BSEL Infrastructure Ltd, GM Breweries, FCS Software (FCS closed a little below the buyer freeze), etc did well in the bourses, when the Sensex shed more than 250 points. Looking unbelievable isn't it?
Today also Coral Finance and Housing and FCS software is expected to do well.......