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Q.

What is Essar group up to next? Will any one dare to invest in this group now? Your views?

Asked by Good Citizen, 04 Aug '10 05:25 pm
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Answers (2)

 
1.

Considering that they have been in business for so long, you will find them lacking in business acumen in as far as the Group is concerned though personally they have enriched themselves tremendously by the sale of their holdings in Essar Hutichison to Vodafone. It is reported that as per some complicated pricing formula. Essar still holds 33% stake in Vodafone valued at around US $ 5 Billion. But due to some new norms, they might land up getting close to 8 to 10 Billion due to exercise of some options.

They are in Steel, Shipping and Oil business. But none of it has sparkled in the real sense of business explosion. Talking about daring to invest in these groups, people look for opportunites and opportunities come with any positive news. They will invest and get out once they have got something out of it. Only two weeks back, a prominent advisor had asked people to quit Essar Shipping saying, this stock will go down much further. Funny part is, every since he gave this recommnedatio ...more
Answered by Omega, 05 Aug '10 11:10 am

 
  
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There r many who will
Answered by dhanendra kumar jain, 04 Aug '10 05:28 pm

 
  
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