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Sunday, October 26, 2008

Ennore Coke:-Rock on

Scripscan:Ennore Coke Ltd
Code:512369
Cmp:18

Story:-The new coke kid is on the block for you guys now.Ennore coke is an unique story and has already been a great favourite to some operators.The scrip in the present market condition fell drastically from the recent highs of 70 rs.Some times back the company has been taken over by great business minded guys having long experience in the coal and coke trade business.Now it belongs to the 16000crs shriram group.If market rumuors are to be beleived then the company is going to do wonders in the coming days.The buzz in the bourses is that the company is going to report a turnover of over 30crs from nothing last year.The Raw material (Prime Quality metallurgical coal) supply has been tiedup with a foreign company.The company has also signed a MOU with Eco securities Mumbai for Carbon credits.The coke prices is expected to reach new highs which is expected to provide further push to the bottomline of the company.Since there are not many direct coke plays many investors are betting on it as a steel end-user proxy play.Though it should be keenly watched how the things materilizes but already the company seems to be finding lot of takers among the investors fraternity.So if you have got a brave heart filled with lot of risks apetite,Go for it.


Regards,
ARUN
I can be reached at:-arunanalyst@rediffmail.com

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