Engineers India Ltd FPO Message Board (Page 2)

I have not received the phycical refund warrent and also nor received necs cridit anyone got the refund of engineering india plz tell me and when i get the refund

I have applied for 40 nos. at 290 but not a single was alloted to me. why so? Please help.

I have apied for sks micro finance for 14 nos and has been alloted 7 nos of share .
Should i hold or book listing profit?

Dear Sreedhar,
I am happy that I gained because of the auction. If the shares had come to the demat account one day earlier, it would have got adjusted. My selling price would have been around 323-324 in that case. Now as the share auctioning price was 330, I decided not to sell for anything below that. So I did not sell in the opening. I finally sold out 50 in one account for 333. I sold the 118 in the other at 335 and in the end covered at 332. One lot of 119, I am holding long.

969 Swati,
At the end of the financial year if your total income/profit exceeds 1.9 lakhs you have to pay tax. If your annual profit is less than that you need not pay tax. The short term capital gain tax is 10%, I suppose. (Disclosure: I am a biology man and my knowledge in these things is limited. So if I have given any figures wrong, people who have knowledge in Income Tax Act can please correct).

EIL - Short SELL / AUCTION--
Any one who got the auction bill for the short sell if EIL shares were sold on Monday & Tuesday i.e.09/AUG/10 OR 10/AUG/10.. pl. inform..

Thanks Kimmy

I have applied for 40 nos. at 290 but not a single was alloted to me. why so? any one can explain?

If u are new to share market.
Best way will be take home ur profit ( which is 20% + )
& invest the money in some good performing Mutual fund.
Then u don't have to worry about ur investment.

Hey guys me stock market me nayee hu this is my first issue after rpower. What should I do with eil. Pls give me true advise. Plsssssssssssss

now trading above Rs. 333. hold the shares for 1 year and will see the result like pipavav shipyard double

969 swati u have to pay 15% income tax as short term capital gain on the amount of sale minus Rs. 275.50 per share basis if your income is above 1,90000 per annum

hi ravi and sreedhar i regulary read u r comments in this site i have applied for FPO IN ENGINEERS INDIA LTD 2 lots with cutoff price 290x40=11600. i got 20 shares onlyi got refund of rs 5510/ but 290 rs less and no retail discount what to u help me

sahi kaha James Bond!
EIL me sabar ka phal meetha hoga.

Govt. ko bahut saare IPO/FPO bechne hai , attractive pricing kar rahi hai. Hope they continue giving good profit margin and discount for retail investors

hi,

thanks borders, by god look at the volume and delivery transaction which is taking place almost 50% of the volume is taken as delivery by FII and One large domestic insurance company, when they are buying heavily I expect at least 360 to 370 price sooner than expected wait and watch and do not sell in burry u will be rewarded, hello sreedhar, ravi banglore what is your opinion

Priyanka sell half of your holding.

Hello K.K.Natarajan and All, I would like to know if I have to pay short term capital gain tax as I am new to stocks. I have sold EIL yesterday and made profit.

hold on ur EIL shares

Prince I am still holding EIL Pls tell me what to do ?

EIL is a good scrip to go long. My target is 400 Rs, I'll wait. Being a PSU , you can expect good dividend also.

If markets go down and EIL below 300 , I'll buy new shares.