Investing in Indian shares.


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lana2005   
Member since: Feb 06
Posts: 545
Location: Toronto

Post ID: #PID Posted on: 31-03-06 15:42:25

Quote:
Originally posted by PMA


1. Is this account is NRI Demat account OR Normal 3-in-1 account for Resident Indians?

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It is NRI demat a/c. We have been NRIs for a very long time now.
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2. After coming to Canada, have you informed ICICI about NRI status OR just you are doing as Resdient Indian.

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When we opened a/c in India we opened it as NRI. I see that you mentioned you are in India currently. When you visit ICICI to open the a/c, tell them that you live in Canada. I believe they request a photocoy of your passport. Our a/c initially was with SHCL. SHCL demated all our shares. We transferred it from SHCL to ICICI.
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PMA   
Member since: Apr 05
Posts: 81
Location: Toronto (Now in India)

Post ID: #PID Posted on: 01-04-06 15:19:55

Thank you Lana for your reply.

PMA.


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Knowledge is Power


tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 01-04-06 20:26:07

Peacock1,
Though this question is directed directly towards you, i thought of making this public in the interest of the forum members.
You had told me that Prism Cements in India was a good investment. My father holds 2500 shares @ 27rs each. Now it is rs. 35. could you tell me if this is the right time to sell or if he should hold it for some more time. My dad is going to wait till it reached rs47. Will that be a wise decision? what is your say in this?
TK
Disclaimer : My standard disclaimer.


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I am a Gents and not a Ladies.


peacock1   
Member since: Jul 04
Posts: 1040
Location: Woodbridge

Post ID: #PID Posted on: 02-04-06 17:43:50

Hi TK,
Is it OK if I address you as TK, ?
Prism cem is a good long term story, and depending on your investments decision, you can book profit after your rate of returns are achieved, I am holding on it and still planning to add on dips,
Invest in Power trading corp,(59.20) I got it @ that on thursday,
Mukand Iron (105), Hind Motor(35-37), must go in for.
All this are long term growth stories expected to appreciate a lot from current levels.
I missed to tell you of Fag Pr. Bearing, I had got it, it is 530 now, not bad as yet as it is one of the strongerst candidate to appreciate a lot from here, I am plannin gto sell level.


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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.


tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 02-04-06 17:55:28

Peacock1,
you can address me as TK. no problem.
Thanks for the tips. i really appriciate it.
I will pass the information to my dad. Thanks once again for all the help.
When will be a right time to call you? I replied to your call once, but it went to your voice mail and i left a message.
Since i am working 7 days a week (just like you) sometimes i donot find time at all. Please donot mistake me.
Thanks
TK
Sidenote : This mail is sent to your email as well


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I am a Gents and not a Ladies.


peacock1   
Member since: Jul 04
Posts: 1040
Location: Woodbridge

Post ID: #PID Posted on: 02-04-06 21:29:03

Hi Tk,
You can contact me after 7.30 pm I am @ home on week days, during working hours you can call me,on my cell, It is that I am in to retail and hence we cannot talk in more detail.


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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.




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