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| Discuss LML Looks very strong buy at Rs 10.4 at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; The recent Volkswagen fiasco notwithstanding, Andhra Pradesh may finally get its long-cherished car project. ... |
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#1
25th September 2006, 01:51 PM
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Lokesh Machines Limited (LML) looks a good buy at 147
The recent Volkswagen fiasco notwithstanding, Andhra Pradesh may finally get its long-cherished car project.
And the man steering this project is Mr B.V.R. Subbu, credited with the success story of the Korean auto major Hyundai in India as the head of its operations. After quitting the company early this year, Mr Subbu is now partnering with Hyderabad-based Lokesh Machines Limited (LML) to set up a Rs 1,400-crore automobile plant in the state. The new plant will have Italian automobile major Fiat as its technology partner. The focus of the project will be on passenger cars, to be priced in the range of Rs 2.5 lakh-Rs 3 lakh, under 1,400 cc engine capacity. The new plant will have a capacity to manufacture 60,000-65,000 small passenger cars, 40,000 units of light commercial vehicles with 1-2 tonne capacity range, and 40,000 units of three-wheeler cabs per annum. The Andhra Pradesh Government is likely to allot 200 acres of land for the purpose in the neighbouring Ranga Reddy or Medak district. Sources said the project was expected to start in 18 months. The project will be taken up through MLR Motors Ltd, a sister concern of LML, promoted by Mr Lokeshwara Rao. Last edited by vivek.kochar : 26th September 2006 at 09:29 AM. 
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#4
25th September 2006, 09:39 PM
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Re: LML Looks very strong buy at Rs 10.4
Sorry friends it's my mistake it is not lml but Lokesh Machines Limited..
Vivek
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#5
25th September 2006, 10:00 PM
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Re: LML Looks very strong buy at Rs 10.4
Quote:
To my knowledge, it was a employee union strike first,then the comp. announced a lock out, informing the shareholders as "Temporary". Today also, debt is very high. This is all I know.
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#6
25th September 2006, 10:07 PM
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Re: LML Looks very strong buy at Rs 10.4
Quote:
What sort of joke is this ?? (Regardless of yr apology) U say LML is a good buy at 10.4 ... then u say u were talking abt Lokesh Machines, not Lohia .... But u know v well that Lokesh is quoted at 147 , and its Lohia which is at 10.4 ? What's this game u are playing ? Traderji... r u there? AGILENT
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#7
25th September 2006, 10:10 PM
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Re: LML Looks very strong buy at Rs 10.4
AGILENTji
I did say every one that it was my mistake.. and cause of this mistake I am having 5500 lml @ 13... I would again request all members that I am sorry for my mistake.. and it was not done with any intension. Vivek
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#8
25th September 2006, 10:29 PM
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Re: LML Looks very strong buy at Rs 10.4
Quote:
I'm till confused ( and not at all upset... mind u ... who am I to get upset anyway ?) What u have done is to pose a riddle .... u have captioned yr thread 'LML priced at 10.4' , knowing fully well u intend to talk about (and seek members' response abt) Lohia , but talked about a different co Lokesh which happens to have the same initials I am really intrigued .... and no need to apologise, please .... u have committed no crime, but merely posed a puzzle So pl help us solve it AGILENT 
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#10
26th September 2006, 06:20 AM
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Re: LML Looks very strong buy at Rs 10.4
Quote:
LML looks a good buy at 147 AGILENT
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