Facor Alloys Ltd

Stock Opportunities
21

For last couple of days. Stock is hitting lower circuit.

Yesterday (after market hours) result came in. Losses have reduced. However, in last quarter business was not operational. But this quarter, even after operations, business made losses. Power & Fuel cost is very high.

Some 3 years back operations came to halt due to labour issue. In Nov '16, they got order from Tata steel with 3 year contract. So the operations resumed. Since then, stock has also done fairly good. raising from Rs. 0.7 to CMP Of Rs. 4.8 (it touched high of Rs. 6.24).

I am not sure exactly what is happening on the business side now. Done anyone has any idea?

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post withdrawn as wrongly posted not relevant to current thread

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This is for Ferro Alloys Corp. Ltd.
NOT for “Facor Alloys Ltd” .

Facor Alloys Ltd is not under insolvency process.
Instead, it has given decent results in past few quarters.
Additionally, Facor Alloys will get benefited from the power reimbursement of 0.75 Rs/Unit from AP Govt.

Regards,
django

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