Northgate Technologies Ltd: Updates: 

Northgate Technologies Ltd has applied to the RBI in relation to the securities trading activities of Van Quant Tech Securities Pvt Ltd, a newly acquired wholly owned subsidiary of the company. 

The company hopes to get the necessary approval from the RBI, within the next 30-45 days time frame, which will be an additional source of revenue for the company going forward. 

The company after its earlier set back is doing  fine now and has chalked out some ambitious plans.....It has also claimed of finding methods to generate some revenues from its web-properties. This is sharp contrast to its earlier move of selling the web-properties at any cost to meet the working capital requirements.

It remains to be seen  in the following quarters how much is the company is able to implement those plans to generate some solid revenues going forward.

Meanwhile please keep a watch on the share of Ambalal Sarabhai Ltd (BSE Code: 500009) as the company probably has passed through all the major hurdles and has entered a new phase. I am looking for the company's Q3FY10 and Q4FY10 results in the days to come.
The company earlier stated that it has planned to start its manufacturing activities at its plant and machinery at Ranoli, through Vovantis Laboratories Pvt Ltd. At Luna the production activities have already commenced.
According to the sources close to me, the stock could touch Rs.40--42, in the days to come....

It could be another Kisan Mouldings Ltd which was recommended to both the free and paid groups, only some months back around Rs.24--25 and which gave more than 200% returns in less than 6 months time frame.