dkishore
13-06-2008, 06:17 AM
A bearish market sentiment notwithstanding, Indsil Electrosmelts has been moving up steadily on the bourses. According to market talk, interest in the stock has gone up post its recent joint venture with GoodEarth group to jointly operate mines in Indonesia. Indsil is holding about 25% stake in the JV and the mining operations are likely to start in the next few weeks.
The joint venture would form a 100% subsidiary in Indonesia to operate the mine and sell manganese for captive usage. Surplus material would be marketed across the globe. The company has posted an EPS of about 12 for the nine months ending March 2008. Analysts expect the company to report an EPS of about Rs 18 for 12 months ending June 2008. The
The joint venture would form a 100% subsidiary in Indonesia to operate the mine and sell manganese for captive usage. Surplus material would be marketed across the globe. The company has posted an EPS of about 12 for the nine months ending March 2008. Analysts expect the company to report an EPS of about Rs 18 for 12 months ending June 2008. The