Scripscan:Hiran Orgochem Ltd
Code:506170
Cmp:4
Story:Hiran Orgochem Limited operates as an integrated manufacturer of active pharmaceutical ingredients (APIs) and formulations in India and internationally. The company’s human API’s include ciprofloxacin hydrochloride, ciprofloxacin base, compacted ciprofloxacin hydrochloride, micronized ciprofloxacin hydrochloride, ciprofloxacin lactate, ciprofloxacin direct compressible, ofloxacin hydrochloride, ofloxacin base,ofloxacin hydrochloride, levofloxacin hemihydrate, levofloxacin hydrochloride,quinine sulphate, quinine hydrochloride, and quinine dihydrochloride. Its veterinaryAPI’s comprises enrofloxacin base, enrofloxacin hydrochloride, enrofloxacin lactate, difloxacin base, difloxacin hydrochloride, ciprofloxacin base, and sarafloxacin hydrochloride. The company’s under development human API’s include norfloxacin base, norfloxacin hydrochloride, norfloxacin nicotinate, and ofloxacin lactate; and veterinary API’s comprises sarafloxacin lactate and difloxacin lactate. It also engages in the real estate operations with 40 acres of land for building modern houses and bungalows.On 1st of october 2005,Mr Kantilal Hiran, the CMD of Hiran Orgochem in a brokerage house site came and talked big,"We have set a target of Rs10bn for the company by the year 2010 or earlier and I believe we are on the right path to achieve the target".2010 been bygone lets welcome 2011 and hiran just ended the fiscal 2010-11 with revenues of around 150crs and a negative profit of over 15crs.So what went wrong?Everything; from crap strategies to unrelated diversification killing the company.Couple of years back it gave a liberal bonus to reward its shareholders hinting gala days ahead.Honestly I dont foresee any future for this counter.Some guys tipped me in my mail assigning big targets which suggests operator activities.Why in earth would anyone bother to buy a junk worth 40crs?Remember,in your objective of making quick money in the equity markets your tipster does not take any onus of erosion of your wealth.Instead he just pacifies you by merely giving you wrong hopes of an upside movement in the respective small cap stock. And very often these wrong hopes are based on some mendacious insider information germinating in the market place.Exit the counter at rallies and end your misery.Multibaggers would never hang on trees folks.
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