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Q.

After results of 31 March 2006 the share had reached on the price of 49.60 but when the market had crashed it will down tll the rate of 18.00. The results of 31 March 2007 was also good and the performance of the company is still good but the share price is on the lower side. What is the reason for all this, I can't understand.

About: Company: Himachal Futuristic Communications Ltd.

Tags: market, share, rate
09 Jun '07 09:59 am
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Answers (1)

1.

go on accumulating it, it is giving consistantly very good ressult from last 7 to 8 quarters and will definatly do well in the days to come, its not yet come out of the K-TEN fear of 2001and the other reason may be the low promotor holding further the 'bad boy' tag attached to the promoter.
however, they have cleaned up the balance sheet as on 31.03.2006, furthe rto boost the confidence of the investor, thye have reported that they have appointed the independent external concurrent auditor.
the revneue from the qualcom is yet to materialise, once it starts flowing it will have the magnamous effect
Hence definatly it will shoot up in the near future accumulate as much as possible.
Answered by kamalakara k s, 28 Jun '07 08:24 pm

 
  
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