23
Dec
12

IGL-PNGRB case next hearing deferred to March 2013..

It seems IGL-PNGRB case in Supreme court will take some more time for final verdict. Next hearing has been moved to 18th March’13 (http://www.moneycontrol.com/news/stocks-views/igl-has-strong-support-around-rs-245-sp-tulsian_797421.html). Court will hear all the affected parties together. This court case verdict has been big overhang on the IGL stock. In case court rules in favor of IGL, its stock will see big rally last seen after favorable Delhi high court verdict (https://writingoptions.wordpress.com/2012/06/01/igl-zooms-29-percent/). Large part of PNGRB order negatives has already been factored in share price. So, I don’t expect large negative reaction in case of negative verdict.

It gives opportunity to sell IGL OTM calls in January series. In case IGL stock goes down sharply on account of market correction, I might even go long or buy covered calls on IGL stock.

Advertisements

1 Response to “IGL-PNGRB case next hearing deferred to March 2013..”


  1. April 10, 2013 at 10:54 pm

    IGL-PNGRB case hearing in Supreme court has been deferred to 18th April 2013.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


December 2012
M T W T F S S
« Oct   Jan »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 232 other followers

Archives

Top Posts & Pages


%d bloggers like this: