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@ you can...... Thanks for valuable analysis.

Himal jee,

You are correct. The reserve is 3.7 crore according to sharesansar. sorry for the mistake.

This year Net profit: 7.1 crore
Last year Net profit: -5.4 crore

This year amount for provisioning: 1.36 lakh
Last year amount for provisioning : 9.4 crore

There seems to lots of manipulation in this balance sheet. I am not if sure its a good buy ?

Saansar HGI ko reserve 37 cror hoina only 3.7 cror Ho. Yo abastha kasari dina sakin6 bonous. Yasko paid up value 25 cror banaye pa6i yasko Eps kati hun6 tapai nai sochnus !!!! May 5 to 8 Eps hun6. For HGI to reach SIC lavel very long way to catch that figur, most of non life insurance don't have full paid up value that's why their report r showing extra EPS. Only Sic n NLG have figure out copleted report,

HGI bank ko reserve is 3.7 karod not 37 karod !

Siddhi jee, HGI have 37 crore in its reserve. they have enough money but everybody is wondering why it is offering right share.

HGI do not have enough money in it's reserve fund. so they need your money to increase their paid up capital Rs. 25 crores.

SIl is better than HgI YouCanRunButYOu jee.....

which one is better to buy SIL or HGI ? inputs pleasee.

When they are planing to give the right share.... Any idea friends,,

Yes HGI is best in insurance sector now because:
1)They have undue right share to be issue.
2) They have good earning and reserve. They can give good amount of Bonus share and Cash dividend.
3) Price is relatively low. Demand is very HIGH, supply very low.

Hence, coming days is bright for HGI.

I actually preferred if they kept their reserve intact and distribute from only this year's earnings. But yes, maybe many people will prefer not to spend that much on rights share.

Its the best insurance this year...even better than sic.....look at their reserve and compare it with equity.....

Good to buy......but there are no sellers....

What i am confused is, inspite of huge profit and reserve why are they after rights offering ?

Is there someone who is able and willing to analyze Himalayan General Insurance's 4th QTR earning report?

http://www.sharesansar.com/sadmin/uploadnews/elyw94hv52k9e3k1.jpg

Thank you very much.