IMPORTANT NEWS ABOUT ALOK INDUSTRIES
1.RELIANCE AND JM FINACIAL HAVE BOUGHT ALOK INDUSTRIES FOR 5050 CRORES WHICH IS 85% HAIRCUT TO THE LENDERS.
2.THE STOCK HAVE JUMPED FROM 1.50 TO 5 RS.
3.ALOK INDUSTRIES IS A 10RS FACE VALUE COMPANY.
4.THE NET SALES OF ALOK INDUSTRIES IS 60RS SO THAT IS HUGE SO RELIANCE HAS BOUGHT INTO ALOK INDUSTRIES.
5.THE BOOK VALUE STANDS AT 22RS.
6.THE COMPANY HAS MASSIVE TURNAROUND DUE TO RELIANCE ACQUIRING THE COMPANY.
7.THE THREE YEAR AVERAGE PRICE IS 3.85
8.THE TARGET PRICE OF ALOK INDUSTRIES IS 25RS IN 2 YEARS AS PER MY VIEW.
No comments:
Post a Comment