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Dwarikesh Group: where our roots belong
Morarka Finance Limited has been promoted by Mr. Gautam R Morarka, one of the well known industrialists and businessmen who are shaping the industrial landscape of the country. He heads Dwarikesh Group that manages a host of successful companies in areas as diverse as sugar, power, distilleries, ethanol production, agriculture production, media and information technology. Dwarikesh Sugar Industries Limited (DSIL) is an integrated conglomerate primarily engaged in the manufacture of sugar and allied products. Dwarikesh Sugar's plants are based in Uttar Pradesh, the land of gangatic plains known for a high yield of sugarcane. Other companies of the group are run from Mumbai and New Delhi.
The flagship company DSIL, has three divisions (sugar, power co-generation and industrial alcohol-ethanol) located in Bijnor in UP. Its sugar capacity stands at 21,500 tcd for all 3 units put together ,a Distillery capable of manufacturing Industrial Alcohol & Ethanol a 30 KL output per day, Cogeneration of 86 Mw ,out of which 56 Mw is contracted for sale to
 State Grid. Led by a team of dynamic professionals, the company strives to establish itself as a market leader in the sugar industry. Financially, Dwarikesh is a highly successful, constantly growing and dividend paying company barring in last 2 years.
Dwarikesh Sugar Industries Limited, which made a successful IPO in November 2004 raising Rs. 32.50 Crores, has impressed everyone including the Foreign Institutional Investors who have consistently been showing faith in the company's ambitious plans. During the year 2005-2006 the company has raised funds amounting to Rs 54.05 crores , through 3 million Global Depository Receipt (GDR) representing 3 million Equity shares of face value of Rs 10 each @ USD 4 per GDR.
In fact, the outlook for the entire sugar industry is promising as sugar market is growing rapidly and the Government is likely to enhance the compulsory blending of petrol with ethanol from present 5% blending to 10% in near future.
Dwarikesh Informatics Limited
The IT arm of the group, Dwarikesh Informatics Limited, is active in the IT services industry. The company provides services such as software development, web development, data mining, database management and support, consultancy, localised application development and content provision. It also provides services in areas such as graphics, animation and multimedia. Dwarikesh Informatics looks after Dwarikesh group's web and software requirements as most of our IT development is carried out in-house. The company runs a host of websites and a highly successful Hindi news portal under the name www.prabhasakshi.com.
On an average, the portal receives more than 5 Lacs of hits per day and has been ranked high by various independent reviewers and analysts such as Alexa, Google and MSN India. A competent team of experienced professionals led by its Group Editor Balendu Sharma Dadhich manages the portal. He is recipient of Microsoft Most Valuable award and Delhi Government's 'Knowledge Technology Award.'
The portal has as many as 30 categories of content, and some prominent personalities such as Mr. Arun Nehru and Mr. Kuldeep Nayar are among its contributors. The portal is dynamically updated and provides 'news as it comes' from all over the country. Microsoft Corporation has also praised the portal for professional maturity, comprehensive nature, depth of content and speed of news coverage.
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- Basic stock market tip: One mistake that most novices make when the stock market prices are high is that these prices would continue to rise. However, this is a wrong view, since the stock market can fluctuate greatly at any time.
- Buy when prices are low: One of the best stock market tips and one that the successful people have followed is to buy stocks when their prices are low and wait until the prices rise. You should try to fix up a reasonable and practical income target.
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- Allowing your stock to grow: Another stock market tip that you should follow is that you need to allow time for your stocks to grow. When you buy stocks, don’t expect it to rise in value the next day. The value of good stocks usually grows slowly. You should always be patient and wait for the stock to grow in value.
Curtsey: stockmarketsoup.com
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