I wish to bring you attention to this company in infra space.
This company is quoting at 2.5 rs/share after trading at 0.7 rs till April-2021. The book value/share is 4 rs. 3 FII have raised stake in this company from 1 % to 10%. 2 of them have picked up 4.5 % each and another FPI has picked up 1%.
This company’s name has been changed to "AJR infra and tolling limited and it seems new Management is taking over this company with “Mineel Mali” as new Whole time director.
They have also sold 35 % stake in Vizag Sea port terminal to improve their cash flow and use the raised money to complete the remaining projects and monetize their other assets.
I have purchased 20000 shares at 2.7 rs and expect it to go till 4 rs in the coming months.
Any thoughts from other members of this forum?
I look forward to your views on this stock.