Scripscan:Rock Hard Petro Chemical Industries Ltd
Code:524194
Cmp:8
Story:There is a strong buzz floating in the market that Rock hard petro is all set to be taken over by a domestic giant.Due dilligence has been on for some time now and everything has been settled.Its hard to guess the real motive of the acquirer as roch hard is a shell company with no operation and sales.I have been trying to contact the mangement with no luck since last 4-5 days.Even my email failed to elicit a response from them.My strong sources claims that theres a land which may have inspired the acquirer to have a look at it.It can be even so that a backdoor listing has been planned and the company will have an amalgamation at a later period.Even a restructuring or stuff like that cant be ruled out.In any case shareholders would be the winners thats one assurance which is there.Informed parties are busy accumulating the counter which has made the scrip run in circuits for past few trading sessions.Its been a clear-cut outperformer with the company being in its 52 week high now.I am trying my best to figure out the real news which has sparkled the counter.The equity of the company is quite tiny with negligible debts in book.Companies like peerless,vas infra were big suggested winners by me with both the companies giving 800 and 1100% returns over the last 18 months respectively.I am in mood to suggest the counter but just for sake of you hungry guys here is something which on vindication,if at all, can spring huge suprises for your portfolio.You never know when the 'sibling of the oak' matures on its growth period and starts to be the reason of zeal for its peers.
Regards,
ARUN
I may be reached at-arunanalyst@rediffmail.com
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Monday, August 18, 2008
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