Scripscan:Mirc Electronics Ltd
cmp:20
Code:500279
Story:MIRC Electronics Limited engages in the manufacture and sale of consumer durables primarily in India. The company’s products include color televisions, washing machines, air conditioners, microwave ovens, home theatres, DVD players, mobile phones, induction cookers, and projectors and display products comprising LCD televisions, multimedia projectors, and visual presenters. MIRC Electronics markets its products under the IGO and ONIDA brands. The company was founded in 1981 and is based in Mumbai, India.Any colleagues or neighbhours or relatives of yours bought any AC or TV set from onida offlate?No from myside folks.A sunsetting business model managed by the quarrelsome brothers.I see no future whatsoever for the company,within a decade or so the company will sink.Why do you need to shell out 450crs for a sinking ship?For sake of what?Yah it does pay a token dividend of few paisa but would that be enough to satiate your desires?Whatever may be the answer I dont bother,To cut it short-Mirc electronics is a sell for me at every rally.
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Tuesday, November 17, 2009
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