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Q.

What is th future of AKRUTHI CITY?
I have AKRUTHY CITY shares of 20 @1700 can anyone suggest what to do ?

Asked by prasad, 23 Apr '09 10:01 pm
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Answers (7)

1.

Akruti is a Bombay based realty company. Here are some facts about company. Company is well concentrated in building related projects and also western part of Maharastra (Around Bombay). These two facts make t a risky investment because of little diversification. This is well reflected in their financial numbers of last quarter, their revenue came down by 75%. Their revenue will not able to cover interest cost (revenue 48 Crore, interest 50 Crore). Now one can understand the severity of problem.

Second from the perspective market cap, which is very high, more then 6500 Crore. I am not sure why it is so high, i could not figure out why. Might be they own a land bank, but in todays market it is difficult to value those land bank. If one goes to http://www.askkuber.com/Kuber/jsf/SC/ExploreCompany.jsp [^] and search for companies in Construction industries with Market Cap more then 1000 Crore, and after that compare DLF, Unitech, India Bulls and Akruti they are the costliest. Also i saw ...more
Answered by subodh joshi, 24 Apr '09 10:44 am

 
  
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2.

Future of the AKRUTI promotors is good, since, so many naive( DULLHEADED) investors have flocked to buy this DUD shares. IF the question is about AKRUTI, care to wait 3+ years, for rates to stablise. In the short-term, the potential targets could be nearer 300 and 150 going forward. Next time around, ask the question about the company, before you BUY and not after. That way, perhaps, you could get to view the real details about the company through others\' views ( incl\' mine..around 70 + posts on AKRUTI alone...do kindly check up). Mail back at rc_stocks@rediffmail.com for unbiased reports on this company.
Answered by Ramesh Chordia, 24 Apr '09 10:27 am

 
  
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3.

No luck
no future
Answered by anil garg, 24 Apr '09 12:46 am

 
  
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4.

Foeget for 3 years
Answered by Tarun kumar, 24 Apr '09 12:38 am

 
  
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5.

Http://www.nseindia.com/marketinfo/equities/eq_fiidii_archives.jsp
Answered by saleem althaf, 23 Apr '09 10:58 pm

 
  
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6.

Very bad
Answered by Bob Raj, 23 Apr '09 10:37 pm

 
  
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7.

Ur traped
Answered by MOHIT MATHUR, 23 Apr '09 10:03 pm

 
  
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