| 3. sharad 6/16/2010 3:13:15 AM IST |
Price @BSE - Rs 110.5 when posted |
Buy@ Rs 110.5 For target of Rs 147 In 2 Months.
Prabhudas Lilladher is bullish on Adhunik Metaliks and has recommended buy rating with a target of Rs 147 in its June 1, 2010 research report.
“Backed by focussed and integrated steel operations, presence in attractive merchant mining business and foray into power business with captive coal mines, we reiterate our buy rating on Adhunik Metaliks. Stock trades in the attractive valuation territory with P/E of 6.1x and 5.0x |
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| 2. sharad 1/14/2010 3:45:24 AM IST |
Price @BSE - Rs 121.4 when posted |
IDFC fund to invest 2.5 billion rupees in adhunik unit.
It can break its 52 week high in coming week |
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| 1. Rajan P 6/3/2008 7:25:01 AM IST |
Price @BSE - Rs 174.55 when posted |
Adhunik Metaliks Board recommends dividend
Details Adhunik Metaliks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 02, 2008, inter alia, has discussed and approved the following:
1. Declared a dividend of 12% for the financial year ended March 31, 2008.
2. In principally approved Initial Public Offer of M/s. Orissa Manganese & Minerals Ltd, a 100% subsidiary of Adhunik Metaliks Ltd.
3. In confirmation to the SEBI Circular dated April 08, 2008 the Board of Directors of the Company has decided to appoint three Additional Independent Directors (subject to approval of the Central Government under section 259 of the Companies Act, 1956) to increase the number of Directors to 14. The Board of Directors has recommended the matter to the general shareholders, wherein the matter will be placed as a special resolution for their approval.
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