Scripscan:Aksh Optifibre Ltd
BSE code:532351
cmp:28
Story:The Company's principal activities are to manufacture and market telephone cables and provide related services. It manufactures Optical fibre cable, optical fibre and fibre reinforced plastics rods.Sunsetting business model with lethargic promoters managing the company who are very aggresive on giving great guidance but too slow on reforms and devlopments.Off late the promoters seems to be in a hurry to exit the company I guess.A reality check to the latest announcements of the company would vindicate that.The promoters over the last 8-9 months has sold over 5 lakh shares and maybe they are all set to offload more,if they hold anymore shares at all.When still there are so many great companies in the bourses quoting at great bargains why to look for an Aksh optifibre then?Dont get lured or swayed by announcements like fund raising or diversification as that entails blotting of equity as well as a new risk of the new business that the inexperienced management is going into.I see no point in having investments in aksh as prospects looks very bleak to say the least.Gone are the times when turnaround cases were often witnessed.Anyways in a nutshell,sell it and move on to better bets having better management and better growth potential and outlook.
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