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BSE Announcements on Mirc Electronic
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MMB MessengerMirc Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2009, inter alia, has decided to forfeit 124000 equity share of Re 1/- each due to non payment of call money of Re 0.50 per equity shares by the 124 shareholders of the Company....
ROCKET STOCK.... MIRC ELECTRONICS Ltd (ONIDA Brand) At 16/-; TARGET 23/- & 29/-
Posted by :
JoosYou are spot on Techlist. I am also having 300 shares @ 17.65 since August 2008. It never moved up. I bought recently 200 Shares @ 16.53 and brought the average to 17.2. I will book profit if it ever reaches Rs 20/-...
Good stock to hold for mid term. ...
ROCKET STOCK.... MIRC ELECTRONICS Ltd (ONIDA Brand) At 16/-; TARGET 23/- & 29/-
Posted by : TechlistI am holding 700 shares @ Rs. 17.5 for more than one year. Though it is dividend paying company, share prices could not go beyond Rs. 18 in the last one year. If the market is good, then it may reach Rs. 23-29/- around oct-nov. Otherwise it will be in the range of 12-16. Buy only if it closes above Rs. 18/-...
ROCKET STOCK.... MIRC ELECTRONICS Ltd (ONIDA Brand) At 16/-; TARGET 23/- & 29/-
Posted by : India_bulls
ROCKET STOCK.... MIRC ELECTRONICS Ltd (ONIDA Brand) At 16/-; TARGET 23/- & 29/-
MIRC ELECTRONICS Ltd (ONIDA Brand) Trading in NSE & BSE at 16/-in B Group. Target 23 & 29/- for short term & 39/- for Medium Term. Safe Investment at 16/ current market situation Because Company in Consumer Durables Electronics in the name of Brand ONIDA; good Profit Making Company Turnover 1,491Cr and Net Profit was 7.9Cr Equity 6.9 Cr , Company having good Reserves 230Cr Dividend declared for 2008-09 year 40%.
Very Valuable stock at current Market Situation; Market NIFTY will touch 4,750 and Sensex will touch 16,000 within 2 to 3 weeks time. Reasons FII’s are Buying stage; and companies Dividend giving time and AGM’s time. So happily Buy at current price at 16/- and sell at 22/- to 29/-. Risk free investment at 16/- ; Because Company Having Good Reserves 230Cr and Good Brand in the market ONIDA.
MIRC ELECTRONICS Ltd (ONIDA Brand)., Trading in NSE & BSE at 16 /- in B Group. Daily accumulating company circle people, And Daily grabbing with Mumbai BIG BIG Bulls also because of Now stock is available at very very cheep price at 16/- Dividend 40% Annonced and Good Reserves 230 Cr Small Equity 6.9 Cr. Some good News coming out soon. Estimated EPS for 2009-10 is 3/-,
Book Value 19/-; EPS 1/- for 2008-09 and Estimating EPS for this year 2009-10 is 3/-. Company Given Net profit of 7.9 Cr for the year 2008-09 with 1,491Cr Turnover. Equity 6.9Cr. Company having Good Reserves 230Cr per share 33/-/- per share.
Mirc Electronics Ltd for considering a proposal for amalgamation of Guviso Holdings Pvt. Ltd. High court also Sanctioned the Scheme. Its very good for this company.
Company Having Good Assets and Good Reserves giving good Dividend every year; For 2008-09 Dividend declared 40%. Now stock Trading with Dividend.
So Mirc Electronics Ltd Stock is Valuable Stock at 16/-
Share Holding Pattern:
Promoters Holding 55%, Private Corporates 8% ,Forign Instituions 6%NRI’s & Financial Institutions 1%, Public only 29% Others 1%.
MIRC Electronics Ltd in the area of Manufacturing of Consumer Durables and Electronics like LCD TV’s, Televisions, DVD’s and Home Theaters, Air Conditions, Washing Machines, Mobile Phones, Micro Ovens and Projectors and Disply Products with the Brand of ONIDA.
Onida`s principal assembly operations are conducted in a state-of-the-art plant at Wada, 80 kms from Mumbai. The plant in Delhi caters to the production requirements for the Northern region. Our network of 33 branch offices, 208 Customer Relation Center`s and 41 depots across India ensuring that Onida products are available on retail shelves.
At Onida, we recognize that we can strengthen our competitive edge if we produce as much as possible from a given capacity at the lowest possible cost. We reduced the time it takes for a single color television to be produced from 20 seconds to 12 seconds and increased the capacity from 0.5 million to 1.2 million sets during the year under review.
In 2002-03, using the existing infrastructure, a decisive step forward was taken by entering into the manufacture of washing machines and air conditioners at the Wada factory.
ONIDA with its Sales & Marketing office in Dubai reported a 215 per cent export growth in two years, setting the base for an increased robust international presence.
The shipments to the Gulf contribute almost 65 per cent of Onida`s export revenue, while shipments to the fast growing East African market (Uganda, Tanzania, Kenya and Ethiopia) and the SAARC countries accounted for 16 per cent of export revenues.
Home Theatres and DVD players have been introduced in these markets to strengthen the Onida brand presence. These products have customized models with local language user interfaces in line with its geographies of focus. Onida models are now available with Arabic, Persian and Russian OSD (menu).
Onida products have been favored by hypermarkets like Lu Lu Centres, Carrefours, Geants and Dasmans in GCC countries.
Possitive Points for this stock for Up moving:
1) Company doing very good; Company in Consumer durables & Electronics With Good Brand ONIDA..
2) Mumbai Bulls and Operators are accumulating at current price. Company given very good results and Good divided 40% for the year 2008-09;
3) Company Projected EPS for 2009-2010 is 3/-.
4) Equity is very small at 6.9Cr.
5) Lot of expansion plans. And Good Assets; Stock is Valuable at 16/-
6) Very good future for this company
7) Mirc Electronics Ltd for considering a proposal for amalgamation of Guviso Holdings Pvt. Ltd. High court also Sanctioned the Scheme. Its very good for this company.
Enter current price at 16/- Short term Target 23/- & 29/-Medium TermTarget 39/-Strong Fundamentals.
Happy Investing...
BIGBULLS
MUMBAI
...
BSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 11, 2009 to August 17, 2009 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company....
NSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd. has informed the Exchange that the company shall be paying the dividend for the financial year 2008-09 to the eligible shareholders on or after the August 24, 2009 subject to the approval of members of the Company in the ensuing annual general meeting scheduled to be held on the August 18, 2009....
NSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd. has informed the Exchange that the Register of Members and Share Transfer books of the Company will remain closed from August 11, 2009 to August 17, 2009 (both days inclusive) for the purpose of determination of shareholders who will be entitled for dividend for the financial year ended March 31, 2009 which is recommended for the approval of members at the ensuing Annual General Meeting of the Company....
NSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd. has submitted to the Exchange the disclosure under regulation 7(3) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 1997. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 25, 2009, inter alia, has recommended a dividend of Rs 0.40/- per equity share of face value of Re 1/- each for the financial year 2008-09 and Rs 3.56/- per preference share of face value of Rs 100/- each for the period from July 15, 2008 to March 31, 2009 subject to the approval of members at ensuing Annual General Meeting. ...
NSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd has informed BSE about the audited Standalone Financial Results for the Quarter & Year ended March 31, 2009 and Audited Consolidated Financial Results for the Year ended March 31, 2009. ...
NSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd. has informed the Exchange that the Board of Directors of the Company in their meeting held on June 25, 2009, has recommended a dividend of Rs. 0.40/- per equity share of face value of Re.1/- each for the financial year 2008-09 and Rs. 3.56/- per preference share of face value of Rs.100/- each for the period from July 15, 2008 to March 31, 2009 subject to the approval of members at ensuing Annual General Meeting....
BSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 25, 2009, inter alia, to consider and take on record the Audited Financial Results of the Company for the quarter and year ended March 31, 2009 and recommendation of dividend for the financial year 2008-09....
BSE Announcements on Mirc Electronic
Posted by : MMB MessengerWith reference to the earlier annoucement dated May 11, 2009 regarding the Honble High Court of Bombay has sanctioned the scheme of amalgamation of Guviso Holdings Pvt. Ltd (Transferor Company) with Mirc Electronics Ltd (Transferee Company) vide order passed on May 02, 2009, Mirc Electronics Ltd has now informed BSE that the Company have received a certified copy of scheme of amalgamation as approved by the Honble High Court of Bombay, on May 21, 2009. The said order has also been filed with the Registrar of Companies on May 21, 2009....
NSE Announcements on Mirc Electronic
Posted by : MMB MessengerMirc Electronics Ltd. has informed the Exchange that the Honble High Court of Bombay has sanctioned the scheme of amalgamation of Guviso Holdings Pvt.Ltd(Transferor Company) with Mirc Electronics Limited (Transferee Company) vide order passed on May 02, 2009. A certified copy of scheme of amalgamation as approved by the Honble High court of Bombay is received by the Company today, i.e. May 21, 2009.The said order has also been filed with the registrar of Companies on May 21, 2009....
