Concurrent (I) infrastrure
Concurrent (I) infrastrure (previously named as Kushagra Software) operations cater around two businesses power and constructions. Concurrent is a diversified business entity with predominant focus on urban infrastructure projects. Concurrent was incorporated in the year 1994, it started as real estate developer and mainly diversified into infrastructure in the year 2007
In the January 2009, promoters issued a preferential shares of 10,059,999 equity shares representing the 23.36% of the post preferential allotment share capital Rs.10/-each at Rs.15/- per share and the funds are used to acquire the land bank. This clearly tells the fact that promoters are hiking their stake in big way. After this quarter it is likely to increase above the fifty percent. This is very important positive note that promoters are hiking their stake in a big way, quarter after quarter.
The management is trying to execute in a big manner but it is the billion dollar question that how they will pan-out. It is the stock one can hold for the long term in small quantities. I am not giving any targets right now, it is a multi-bagger stock.