Diamonds in the Rough

Hi

Anybody can through some light on What's happening with Walchandnagar Industries. 2 days back, it was up 10 % and today it is down 5 %.

I don't see any news for a long time with this Diamond. What are the targets for 2008.

Thanks in advance...
 
Hi
Anybody can through some light on What's happening with Walchandnagar .
Walchandnagar on 31st Dec 2007 announced a 100% Dividend (Rs 10/- per share). It announced the delisting of the stock in preparation for a stock split. The record date for the split is Jan 28 2008, The stock will split 5 times. A Further 5 bonus (free of cost) shares will be issued to the holders of these 5 shares. The capital for the bonus shares comes from the company reserves. Thus for every share you hold before the record date you get 10 shares after the relisting. The face value is still Rs 2/- per share.
The split stock will be relisted on Jan 31st 2008.
All this because Walchand Nagar Industries has completed 100 years of service to the nation.

I'd advise you to hold on until after the split and relisting. I have 4 left and I am gonna hold.
 
Hi Paras

Thanks for the information.

However, It was not clear what are its price target before stock split and after the split.

I have purchased this share at levels of 9,000 but now its trading at 6000 levels. I dont what happened to this Diamond.

Before this Bull crash, I came to know that its target is 12000 to 15000 but now, what is happnening is not clear.. is it good to stay invested in it.

Secondly, Can I purchase this share on 28 Jan or not ????

I request Seniors Advice as well !!

Thanks in Advance !!!!
 

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