Ennore Coke Ltd:

The scrip to move into new Groove very soon:

I think you all know that Ennore Coke Ltd is one of my favourite counters. I have been watching this baby become adult from the child. There are some latest developements in the company which I want to share with you. These things has already been discussed with the Paid Groups.

The Quickie Call for Today (28th July, 2008), Aishwarya Telecom Ltd (BSE Code-->532975) hit the buyer freeze in the opening trade. My hearty congrats!! to all the "Quickie Group members" for buying Aishwarya Telecom Ltd, today in the opening trade:

1. Ennore Coke Ltd has bought a coal mine which could be announced within the next 2 months. The company is in the process of completing the formalities for buying the same. The company now has three stories in place: Mining Story, Met Coke Story and Power Story. Moreover the fact that it is from the noted Shriram Group adds value to its share price. According to many analysts it is better than Gujarat NRE Coke Ltd. At the CMP of Rs.35 it is available at the price of penny considering the high growth trajectory in which it is into.........

2. The company could start heating of plant from the 1st Week of August, 2008 as the plant has more or less been completed and the electric generator installed.

3. The coal has started to arrive in the plant in Haldia (near Kolkata) for the making Coke. Main plant has long been completed and now the fishing touches are 99.99% complete. The company has set 31st July, 2008 for the completion of plant in full.

4. The company is having a board meeting on 31st July, 2008 to decide on the date of the start of heating of the plant.

5. The company has signed a contract with a British firm for selling of coke.

6. Since the company has fixed coal prices long back and hence it will get huge benefits in term of cost price of raw materials. It is to be noted that the coke prices have shot up by 300% in the last couple of years. The prices are going to increase further due to demand pull from China and India.

7. The promoters of the company has unofficially increased their stake to 80%. This essentially means that in the normal shareholding pattern u will not find any increase in promoters' holding but they are held in the names of near and dear ones.

8. The company is aiming to become a Rs.1600 Cr company within the next couple of years. The promoters of the company has already invested around Rs.70 Cr from their personal funds to fund the completion of the Met Coke Plant. The company has still not utilised the term loan of Rs.50 Cr from State Bank of India. This will greatly reduce the interest cost going forward.

I am looking at a price of Rs.150 in the next couple of years time frame.

Moreover another multi- bagger in the making is Reliance Industrial Infrastructure Ltd (BSE Code-->523445) .The company has very small equity base of only Rs.15.1 Cr and very small floating shares in the markets. The volumes of the traded shares have increased substantially in the last few days. The company has huge order book and it is front runner in case of any positive impact of Indo-US Civil and Nuclear Co-operation. The stock could become Rs.5000 in the next couple of years. Buy all Reliance Group of companies due to their proximity to both the Congress and Samajbadi Party.