Sunday, April 10, 2011

WINNING STROKES: THINK DIFFERENT:
"As of now, there is no information / announcement (including pending announcement) with regard to the past or recent developments concerning the operations of the Company which either has a bearing on the price of the security or which may reasonably be required to the stock exchange(s) under Clause 36 of the listing agreement.
"The Company shall intimate any corporate announcement to the stock exchange and to all the shareholders as and when they will take place in future." THE PAID MEMBERS WILL BE INFORMED ABOUT WHAT TO DO WITH THE SCRIP, AT THE PRESENT MOMENT. The operators are very active in scrip and hence please be a little careful.

URL:
http://indiaer.blogspot.com/2011/04/prakash-industries-target-119-buy-anand.html
I have earlier recommended the scrip both to the Paid and Free members after getting a call from  my old friend and well-wisher, Vikram Solanki, who earlier used to write for www.valuenotes.com. 
For coal, the company has been allotted a captive mine with a capacity of 45-50 million tonnes in the Fatehpur district of Chattisgarh, which is also expected to be operational by 2013. 


It also has mining rights for two more mines — in Chotia and Madanpur. Prakash Industries, part of the Surya Roshni group, earns three-fourths of its revenue by manufacturing steel structural and wire rods used in construction projects. It also has operations in ferroalloys, PVC pipes and power generation.The company currently has a steel capacity of 0.7 million tonnes annually, which it plans to increase to 1 million tonnes by the end of 2011. The stock is expected to give 100% return from the current price of around Rs.91.30, within one year time frame.
Those who are holding Ambalal Sarabhai Enterprise Ltd can continue to add on all declines--the scrip is expected to give fabulous returns going forward. Every dip is an opportunity to buy, the scrip is expected to come out of the T-group soon, as I feel that it has been unnecessarily placed in that group. A company having four factories should trade above Rs.50, isn't it..? The scrip is looking very sexy at the current price of around Rs.7.56. 

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