Correct information is that LokHousing promotors are in complex mess of litigation, financial liability beyond limits, crunch of fund for working capital and last but no the least crisis of orders. Court cases by buyers for quality is aiding to the hevoc.
6.23 PM Sep 20th
Agreed Aircel management is in stress..but what after some time Aircel sells its 50% stake to deep pocket foreign player...rcom will be stuck with unwanted marriage..hehe..and refuses to agree to use reliance towers ..it could open up litigation...interesting game here
3.58 PM Sep 16th
I`m sure Management will give silly excuses like last time they gave (margins are down due to out-of-court OMC litigation) for low sale and profits... one should be extremely cautious like such co... last time they said there is order win and will be declared with in 2 days...but its been 3 month
5.56 PM Sep 9th
Result is out and posted pooor set of numbers... one can expect 10%-20% fall on monday onwards.... posted 9cr. profit vs. 17.5cr compared to q-o-q basis all most 50% down revenue also gone down from 404cr to 302cr.... as anticipated there is big order loss (existing) and litigation with OMC still
5.04 PM Sep 9th
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