Monday, December 23, 2013

NITCO LTD - UPDATE

Nitco Ltd - is one of my poorly performed recommendations so far. This stock initially recommended @ Rs.60 and later @ Rs.15 ,which is currently trading @ Rs.14.Delay happened   in the  implementation of  CDR ( Corporate Debt Restructuring ) package  was beyond my expectations.After  long waiting ,now there is signs of positive developments in the company.Recently promoters subscribed 22099206 equity shares on a preferential basis @ Rs.25.20 against the current market price of Rs.14 . This will bring an additional funding of Rs.55 Cr to the company by the promoters.( Announcement Link HERE) .Still I have faith  in this company and I believe they can come back to the old good times sooner or later.

Link to new  website HERE

27 comments :

  1. Dear Sir,
    why am I unable to sell/buy rossell even in times when I can see in my demat a/c?

    ReplyDelete
    Replies
    1. Not clear whether order entry is not permitted by your broker or not executed the entered order ?

      Delete
  2. Sir, Thanks for providing wonderful value picks for us. I am a big fan your big fan. Plz recommend me what to do in j.b chemicals & Sel manufacturing.

    ReplyDelete
  3. Hold JB Chemicals ,Not tracking or recommended SEL manufacturing.

    ReplyDelete
  4. Dear sir what is your view on kanoraia chemicals

    ReplyDelete
  5. Sir ji, What a piece of work you doing...amazing. Many thanks on behalf of all small investors.
    Need an advise on Mangalam Cement - is it right time to average down @cmp 103? I'm holding it from 156 levels of recommendations. Pls share your views again.

    ReplyDelete
    Replies
    1. Issue of cement sector is lower demand growth mainly due to stalled projects and higher interest.Part of these may turn positive post election.Nothing wrong specifically to the company.

      Delete
  6. Sir, After declining heavily, Tecpro is not participating in the recent rally of engineering goods sector. Is there anything wrong with the company?

    ReplyDelete
    Replies
    1. Company's debt situation is bit worrisome.

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  7. Dear Valuepick

    What is your current view on jayshree tea. I am holding from a long time.

    Regards

    Debasish Deb

    ReplyDelete
    Replies
    1. Company is good from this sector but sector is out of favor

      Delete
  8. Wishing you and family merry X'mas!! May god bless you to help ordinary people like us for many more years to come. sincerely Suleka Satyan

    ReplyDelete
  9. Wishing you a Merry Xmas and happy new year...thx for the wonderful work you are doing

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  10. Merry christmas n New year to you sir. Your advice on Arvind remedies?

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  11. Sir please reply on KRBL, this is my third post to you!

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  12. MERRY CHIRTMAS ....GREAT WORK WITHOUT ANY PEROSNAL BENEFITS...KEEP THE GOOD WORK...

    ReplyDelete
  13. Dear sir,

    What is your view about Bharat gears? Shall I buy? it looks it performance in Sep good...It is trading 40% less than your reco price? This is the only underperformed automotive company in last 2 years...Thanks

    ReplyDelete
  14. Sir,
    Is Nitco still a buy at 16.6?
    Regards
    Nishant

    ReplyDelete
  15. Hi VP sir, Is Nitco still a buy?

    ReplyDelete
  16. Hello VP sir, not herd from you from long time on Nitco. Is it still a buy?
    Awaiting your reply.
    Regards

    ReplyDelete

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