MIC has an order book of Rs 400 crore and joint venture with LAFC to add $50 million in revenues to FY09, according to MV Ramana Rao, MD of the company.

Cheers!!!...

MIC is the best scrip in its business and it has excellent scope of growth in future. Its long term target depends on how the market behaves. If market doesn't go below 13K in next 6 to 8 months then it can cross 165/170 levels where one can think to book some profits.

Cheers!!!...

short term target of 125 achieved.

Cheers!!!...

Whats the last date before which if we buy shares would be eligible for bonus shares?...

The rally we saw earlier in Rohit ferro was driven by investment made by FII's which is currently 10%. However FII's have no investment in Facor Alloys as of today however considering growth prospects of this sector, they won't be able to keep themselves away from investing in Facor for long. And once it happens then it would be extremely difficult to enter Facor as it will always remain in UC for many weeks.

Cheers!!!...

MIC will declare its FY09 Q1 results on 28th. Lets hope for the best.......

What target you see as long term (1 year). Akash......

short term target of 125 achieved. Cheers!!!...

dear rahul, Since the dates for bonus issue for shares have not yet been announced, you can buy till such dates are announced. It is most likely that the dates would be announced in the ensuing AGM ...

But when FA will be blessed by FII? Rohit is already in the eyes of FII, coupled with expected strong Q1 result will lift the stock. Near term, Rohit is better than FA....

Cannot understand why is the stock getting whacked everyday!! It has fallen to all time lows??? Cheers!!...