Desperate Attempts

The company had a blockbuster IPO listing day and hence forth the
street has thrown the stock on street. First of all the run up to the
price of 255 looked quite a dramatic one. But now the stock is at 15
rupees. or put another way at one point of time, the market value of
the company rose to 334cr and now stands at 25cr. The company has been
trying hard to draw the attention of the investors, through entering
into new areas like

Successful demo plant running in Coastal Gujarat on saline land with
saline water of 15000 TDS with organic fertilizers produced from
effective biocomposting unit and by product biogas is for captive
power for agriculture and irrigation.
Pilot plant on small scale successful for desert land and bigger demo
plants on 10 Acres will start after Diwali.

Dont know if they will actually work out or they are just trying to
draw the attention by doing some random announcements. But its
actually funny how the managerial behavior changes once your company
gets listed and you see the market cap or your total networth getting
eroded as each day passes.

I really need to check up the financial performance of the company,
though i am sure it cannot be good.. otherwise rather than coming out
with these BSE announcements, the management would have done well to
buy its own shares from the open market.

Regards
Vivek Jain

One more Hyderabadi Biryani

Ramky Infra - Two particular interesting things with this company, one
it is based out of Hyderabad and two it is in the infrastructure
space. Our fixed Income Professor at XLRI once mentioned volatility is
not spread out evenly, it occurs in bunches or is grouped together. :)

And every company after being framed with the charges, comes out with
the same statement. We are cooperating and that it was a regular drill
by the CBI.