Saturday, November 24, 2012
WINNING STROKES: THINK DIFFERENT
Cinemax Properties Ltd as expected hit the buyer Freeze in the late afternoon trade. IT IS NOW OFFICIAL: The Promoters of CINEMAX INDIA LTD are looking to sell their stake in the company but have not yet finalised any definitive agreements. PVR is set to buy out the 141-screen multiplex chain CINEMAX INDIA and has offered to buy the promoters' stake at 170-180 rupees per share. I think Cinemax Properties Ltd would be one of the biggest beneficiaries of this deal. I think you know that erstwhile Cinemax India Ltd was named as Cinemax Properties Ltd. The scrip has been asked as a strong buy ta Rs.17, to the PAID SERVICE members, when it fell.
Manappuram Fiance Ltd as expected flared up and touched Rs.36, intra-day. It was recommended a strong buy a couple of days back.