maverick
07-07-2008, 06:36 AM
Gremach Infra: Weak Footing
BSE 532836; CMP Rs 84
-The stock has plunged from Rs 500 to Rs 84 on July 3rd, 2008.
-The company has not received a single Oil Rig from China so far.
-The company has been funding group company Austral Coke's Rs 300 crore met coke project.
-The company is also required to fund its Mozambique Coal Mines.
-FIIs hold close to 26 per cent of Gremach Infra and some of them including Templeton are liquidating positions.
-Gremach has declared a Dividend of a mere Rs 1 per share...underlining poor liquidity and cash position.
BSE 532836; CMP Rs 84
-The stock has plunged from Rs 500 to Rs 84 on July 3rd, 2008.
-The company has not received a single Oil Rig from China so far.
-The company has been funding group company Austral Coke's Rs 300 crore met coke project.
-The company is also required to fund its Mozambique Coal Mines.
-FIIs hold close to 26 per cent of Gremach Infra and some of them including Templeton are liquidating positions.
-Gremach has declared a Dividend of a mere Rs 1 per share...underlining poor liquidity and cash position.