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Note: The artciles are not research reports but assimilation of information available on public domain and it should not be treated as a research report.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I might have the dkiscussed companies in my portfolio and hence my point of view can be biased.Readers should consult registered consultants before making any investments.

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Tuesday, November 17, 2009

Mirc Electronics Ltd:Future growth outlook and prospects,buy/sell/hol,news/views/analysis

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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Posted by arun at 4:16 AM

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