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Thursday, February 23, 2012

Emporis Projects Ltd:Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Emporis Projects Ltd
cmp:60
Code:531470

Story:Emporis Projects Limited engages in the infrastructure and logistics businesses. The company was formerly known as Nilchem Capital Limited and changed its name to Emporis Projects Limited in July 2010. The share price of Emporis Projects Ltd has suffered a steep fall of 66% in the past six months on the BSE. It has fallen from Rs138.35 on 26 July 2011 to Rs 60 today. The sales of the company has declined in each quarter since March 2011. In the March 2011 quarter, sales were Rs2.52 crore; in the June 2011 quarter, sales were Rs1 crore, and in the September 2011 quarter, sales were Rs0.25 crore. Are these numbers genuine? Similarly, in the March 2011 quarter, there was a operating loss of Rs8 lakh.In the June 2011 and September 2011 quarters too there were negligible profits.How does such a shell company remain listed? But don’t be surprised to see the same stock suddenly running away and delivering 200% gain all of a sudden right under the nose of the BSE and SEBI.
Source:ML

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