Updates on Binani Cement on Target

This is another stock I recommended in mid sixties then around October 2009. Its one year since then. Though I had given a target of 50% upside in nine months it took a while. Maybe due to being commodity stock in nature.

I understand Binani Industries parent company is planning to delist the shares. Delisting price can be anywhere around Rs. 110/- - Rs. 120/- per share but then it would be speculating prices. Given the fact that Binani Industries will delist it it would be nice proxy play to buy / switch to Binani Industries shares itself.

I plan to come out of this stock in open market when delist offer comes in. Take you informative call if you have invested in this company.

Updates on XPRO India on target

Hi Readers,

I had recommended this stock at Rs 24/- in my value pick and small cap segment on Aug 31st 2009. Since then it has trebled. No doubt had been a slow mover but given the fact that it has been consistent dividend paying company and paid dividend of around 5% yield on then market price.

I had mentioned it is young and haven't caught market frenzy. It looks like finally it has caught the eyes and today it on Up circuit at Rs. 73.75. I myslef would start booking partial profits as it comes off the upper circuit. However given the margin of safety I enjoy in the stock @Rs. 19 I can holds on for long term and reap tax free dividend @ almost 10% yield.

Checklist for Tax as of 31 Mar 2010

Listed below is quick check list of data to be needed for close of FY10 as of 31 Mar 2010 end of day(eod)
1> Dividend received through the year 09-10
2> Interest earned on FD/RD or other tax saving instruments
3> Statement of Demat account as well as Demat holding eod 31 Mar
4> All tax saving investment proofs
5> Statement of Medical reimbursement claimed
6> Any LTA claimed and supporting documents
7> Any donations related tax exempt proofs

The above list is just indicative and not exhaustive

CAGR for Monthly Deposits

Click here to view /download Compounded Annual Growth Rate (CAGR) calculator for regular monthly savings at varied rate of interest.

This is an important utility for calculating compounded annual growth rate (CAGR) given regular monthly investments, period (in yrs) and at targeted interest p.a. The worksheet calculates interest annually and not monthly. Though I have tried to maintain accuracy there is no guarantee of it. The Amount projected is in '000's.

In case you face any issues to download or save the spreadsheet mail me at vivek.ruparel@gmail.com

See sample below: