Update on MEP Infrastructure Ltd and other information

#The stock of MEP Infrastructure Ltd (Rs.8.89) got suspended temporarily due the action by the surveillance department of the stock exchanges, under the provisions of IBC. 

It is to be noted that the National Company Law Tribunal had earlier initiated the corporate insolvency resolution process (CIRP) against MEP Infrastructure Developers Ltd on a plea filed by Bank of India and appointed an interim resolution professional to take control of the company. 

Meanwhile, according to a report in ET, MEP Infrastructure is contemplating to submit a plan under section 12A of the IBC and seek settlement with the lenders. Hence, there is no cause for worry.

#The shares of 63 Moons Technology Ltd (Rs.364.14) is available at a good price. You can accumulate them in phases.

#The shares of J P Associates Ltd (Rs.10.24) has hit another buyer freeze. Keep accumulating in market dips, as a big story is floating in the counter.

#Devyani. International Ltd (Rs.178) has come up with good, June quarter numbers. The stock would soon cross Rs.200. Stay Invested.

#A big corporate story is unfolding in Adani Wilmar Ltd (Rs.377). We can look for targets of Rs.600+ in the coming months.