MIC Electronics is another bogus co. floated with much hype and hoopla with the help of media and analysts! I remember the CEO used to frequently visit TV channels with bullish projections and statements to spruce up the share price. Now what is remaining is the real truth of what the co. is worth!! Investors please take extra care when investing in new cos. and in any Indian co.!!!! Promoter's stake has reduced by half since Mar 11. It was Quoting 12.36 in first week of May and today price almost halved !!!! LED products maker MIC Electronics Ltd reported a 77 per cent decline in consolidated net profit to Rs 3.9 crore for the three months ended March 31, 2011, compared with Rs 17.02 crore in the same quarter last year. Sales revenues also slipped 21 per cent to Rs 70.41 crore from Rs 55.43 crore.
Wednesday, May 23, 2012
MIC Electronics Another Bogus Company
MIC Electronics is another bogus co. floated with much hype and hoopla with the help of media and analysts! I remember the CEO used to frequently visit TV channels with bullish projections and statements to spruce up the share price. Now what is remaining is the real truth of what the co. is worth!! Investors please take extra care when investing in new cos. and in any Indian co.!!!! Promoter's stake has reduced by half since Mar 11. It was Quoting 12.36 in first week of May and today price almost halved !!!! LED products maker MIC Electronics Ltd reported a 77 per cent decline in consolidated net profit to Rs 3.9 crore for the three months ended March 31, 2011, compared with Rs 17.02 crore in the same quarter last year. Sales revenues also slipped 21 per cent to Rs 70.41 crore from Rs 55.43 crore.
No comments:
Post a Comment