Scripscan:SRM Energy Ltd
Bse code:523222
Cmp:28
Story:SRM Energy is the OLD HITKARI FIBRES taken over by Sanjay Malhotra of SPICE group.(listed entity SpiceJet).SRM ENERGY is the SPV for setting up 4000 MW Power Plants in CUDDALORE,TamilNadu and other site down south which I dont remember the name.Check the results of June quarter and the notes in it .They have mentioned that they have already invited Bids for the project and the bids are being evaluation stage.Simple, price of SRM ENERGY will rise on this basis and at some point in time at fairly large valuations equity will be placed to FIIS thru FCCBs GDRS etc etc and the financing will be completed.This is where lies the oppurtunity.I intend to make use of this rise and gain from it.I am just banking on the ability of the man to do this.The scrip would underperform for sure if any major equity diluation happens.If not chances are bright of srm being one of the major wealth creators in the next bull market or so.
Sunday, September 20, 2009
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