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Avon Weighing Systems
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BSE Announcements on Avon Weighing
Posted by :
MMB MessengerTracked by: 0 Boarder
Avon Weighing Systems Ltd has informed BSE that the members of the Company has passed the following resolutions by way of postal ballot, with requisite majority :
1. Special Resolution under Section 21 of the Companies Act, 1956 to change the name of the Company.
2. Special Resolution under Section 293(1)(d) of the Companies Act, 1956 to increase the borrowing limits.
3. Ordinary Resolution under Section 224 of the Companies Act, 1956 for appointment of new Statutory Auditors.
4. Special Resolution under Section 17 of the Companies Act, 1956 for amendment in Object Clause(B) 14 of Memorandum of Association of the COmpany.
5. Special Resolution under Section 4 of the Companies Act, 1956 for Formation of subsidiary company in abroad.
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Tracked by: 0 Boarder
this is what Tulsian said about avon weighing:
The company has been all along marketing the electronic weighing scale of two Japanese manufacturers and having gained the marketing experience, having gained the feel of the market for the last six to seven years, now they have started or thought of venturing into the production of the weighing scale setting up a unit in Himachal Pradesh and it is a very small project of about Rs 40 crore.
But if you see the equity of about Rs 17 crore and the project financing, probably at par looking to the book value of Rs 20 as on today, and the experience of the promoter at least one could take a chance though the expectation should not be too high because this is a typically a macro-cap company with a expected marketcap of about Rs 30-40 crore. But if somebody has to see the downside, I do not think the share price can go below Rs 10, you can have the chances of making 20-30% profits on listing or may be even if you remain invested for couple of years into the stock
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Now it\\`s upto you to decide.
Regards,
Shadab....
In reply to:
MR. TULSIANJI
Posted by :
vasistha
I heard that Mr.Tulsianji once recmonded
this stock with some positive outlook is it true,,, 
Tracked by: 0 Boarder
I heard that Mr.Tulsianji once recmonded
this stock with some positive outlook is it true,,,...
Tracked by: 0 Boarder
dude i dont think this is a stock that will go up in near future. Everybody is buying based on mere speculation. I guess if the company\\`s fundamental is really good and it\\`s results are good then it will start moving up.
As of now it is going to trade between 7-9 or smthing like that.
No point giving false hope to innocent investors.
Let\\`s wait for the result from the company.
Regards,
Shadab....
In reply to:
MR. TULSIANJI
Posted by : vasistha
I heard that Mr.Tulsianji once recmonded
this stock with some positive outlook is it true,,,
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