MBL infra

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valuepicker
Posts: 83
Joined: Mon Jan 09, 2017 8:44 am

MBL infra

Postby valuepicker » Sat May 06, 2017 10:50 pm

MBL infra was darling of porinju 2 years ago . Last few quarters due to pledge shares selling it took a beating and has corrected by 60-70%. Management had guided that all shares would depledged by 31st march 2017. Has that happened and if that has happened would it be turn around story like j kumar infra..
Considering that it has not yet taken off, does market know something which is not told by balance sheet?

valuepicker
Posts: 83
Joined: Mon Jan 09, 2017 8:44 am

Re: MBL infra

Postby valuepicker » Mon Jun 05, 2017 9:59 pm

MBL infra has reported better results compared to last quarter. Stock has hit a upper circuit breaker... What's the status of promoters pledged share? Ar they depledged?
Plz throw some light on this

Hkb
Posts: 4
Joined: Fri Feb 10, 2017 8:33 am

Re: MBL infra

Postby Hkb » Tue Jun 06, 2017 12:15 pm

It's a good buy from 143 to 31.90 I do not know if porinju is still holding this stock can anyone throw some light :D

Pee Vee
Site Admin
Posts: 295
Joined: Mon Dec 26, 2016 10:45 pm

Re: MBL infra

Postby Pee Vee » Tue Jun 06, 2017 1:56 pm

valuepicker wrote:MBL infra has reported better results compared to last quarter. Stock has hit a upper circuit breaker... What's the status of promoters pledged share? Ar they depledged?
Plz throw some light on this

The data in the BSE still shows huge pledging by promoters of MBL Infra. It appears that the debt will be restructured as per a letter written by the Co to the BSE.

With reference to news flashed on CNBC TV 18 dated May 25, 2017 quoting "MBL infra debt pegged around Rs. 1635cr and RBL bank files case against bankruptcy norms", MBL Infrastructures Ltd has submitted to BSE a copy of Clarification is enclosed.

Pee Vee
Site Admin
Posts: 295
Joined: Mon Dec 26, 2016 10:45 pm

Re: MBL infra

Postby Pee Vee » Tue Jun 06, 2017 1:58 pm

Hkb wrote:It's a good buy from 143 to 31.90 I do not know if porinju is still holding this stock can anyone throw some light :D

Porinju's holding in MBL Infra is not known. But it shows how stocks must be bought when they are deeply down. Risk reward becomes in favour.


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