-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.
-Investors can take their call on the stock.
-The stock supply is coming from the following sources.
if(ns4) document.write("");else {} Gremach Infrastructure Equipments & Projects Ltd Scrip Code : 532836 Quarter ending : March 2008 Shareholding belonging to the category "Public" and holding more than 1% of the Total No.of Shares Sl. No. Name of the Shareholder No. of Shares Shares as % of Total No. of Shares 1 Merrill Lynch Capital Market Espana S A 400,000 2.63 2 LB India Holdings Cayman II Ltd 352,000 2.31 3 Swiss Finance Corporation (Mauritius) Ltd 708,270 4.65 4 Punjab National Bank 199,855 1.31 5 Templeton Mutual Fund A/C Franklin India 710,605 4.67 6 Franklin India Smaller Companies Fund 609,877 4.01 7 Mavi Investment Fund Ltd 500,000 3.29 8 Sophia Growth - A Share Class Of Somerse 300,000 1.97 Total 3,780,607 24.84
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.
> *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.* > ** > *-Investors can take their call on the stock.*
> -The stock supply is coming from the following sources.
> *Gremach Infrastructure Equipments & Projects Ltd* *Scrip Code :* > 532836 *Quarter ending :* March 2008 Shareholding belonging to the > category > *"Public" and holding more than 1% of the Total No.of Shares* Sl. No. Name > of the Shareholder No. of Shares Shares as % of Total No. of Shares 1 Merrill > Lynch Capital Market Espana S A 400,000 2.63 2 LB India Holdings Cayman > II Ltd 352,000 2.31 3 Swiss Finance Corporation (Mauritius) Ltd > 708,270 4.65 4 Punjab National Bank 199,855 1.31 5 Templeton Mutual > Fund A/C Franklin India 710,605 4.67 6 Franklin India Smaller Companies > Fund 609,877 4.01 7 Mavi Investment Fund Ltd 500,000 3.29 8 Sophia > Growth - A Share Class Of Somerse 300,000 1.97 Total 3,780,607 24.84
> *Safe Harbor Statement:*
> *Some forward looking statements on projections, estimates, expectations & > outlook are included to enable a better comprehension of the Company > prospects. Actual results may, however, differ materially from those stated > on account of factors such as changes in government regulations, tax > regimes, economic developments within India and the countries within which > the Company conducts its business, exchange rate and interest rate > movements, impact of competing products and their pricing, product demand > and supply constraints.* > ** > *Nothing in this article is, or should be construed as, investment advice. > ** *
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