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| Discuss himachal fut. at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hi all, himachal futuristic has been flaring up since the last 2 trading sessions...... heard ... |
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#1
29th March 2006, 11:11 AM
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himachal fut.
hi all,
himachal futuristic has been flaring up since the last 2 trading sessions...... heard some news of anil ambani taking it over....... any conformations?? 
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#2
29th March 2006, 11:23 AM
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Re: himachal fut.
Is Anil Ambani a member of this forum??
On a more serious note, what difference would it make now? Trade as per a plan, not by rumours!!
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#3
29th March 2006, 02:16 PM
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Re: himachal fut.
HFCL reports Rs 29.86 cr net profit growth 2/2/2006
NEW DELHI: Himachal Futuristic Communications Ltd (HFCL) has posted a net profit of Rs 29.86 crore for the third quarter ended December 31, 2005, compared with a loss of Rs 16.93 crore in the year-ago period. The turnover was up at Rs 170 crore, driven by the increase in demand from customers of telecom equipment and turnkey services. HFCL's margins at all levels have improved significantly owing to aggressive cost control measures as well as strong revenue growth. The Corporate Debt Restructuring (CDR) programme has restructured the debt and interest payments. See above Also see quarterly results for 12/05 (ICICI Direct has a good link within Research)... there was a sizeable interest writeback, presumably relating to the CDR, which underpins this conspicuous 'turnaround' The spurt you talk about could be in anticipation of continued profits this quarter as well Cant say abt Anil Ambani ... but, like Ivan says, don't focus too much on such moves/rumors ... what is more important is how the co's viability improves Do u have any idea on that front ... if so , pl share AGIILENT 
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#4
29th March 2006, 02:51 PM
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Re: himachal fut.
Devansh, guess you were talking about this...
HFCL zooms on buyout buzz Our Markets Bureau / Mumbai March 29, 2006 Himachal Futuristic Communications (HFCL) on Tuesday surged on the bourses on the back of heavy volumes following rumours that the it was being taken over by the Anil Ambani-owned Reliance group. Several leading foreign institutions have been accumulating the stocks over the past few sessions, dealers said. The scrip jumped 12.07 per cent to close at Rs 26. The stock witnessed huge volumes of 108 lakh shares. The scrip has gained 25.60 per cent during the past week. The past two weeks average daily trade volume is 21 lakh shares.
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