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McLeod Russel India Ltd (MCLE)

NSE
Symbol
Exchange
Currency
MCLENSEINR
MCLEBSEINR
Currency in INR
Disclaimer
24.10
-0.50(-2.03%)
Closed

MCLE Comments

Buy JAYSREETEA at 122-125 Target 140 to 150 long term target 180++ ( Huge demand of tea long term it will give good return)
100 lac profit in 3rd quarter
what is future target?
Earning day is 12th Feb.
Again,no result  TODAY.
Why the company is changing EARNING dates.Now it is 1st Feb.
investing.com says today is EARNING day for MCLEOD RUSSEL
Some where, it is written that a board meeting is   on 26th january to announce qtrly results.
Yesterday company have AGM for the year ending 31/03/2020.Strange there is no hint about  the working for the QTR by the management.
MCLEOD is out of TRADE to TRADE w.e.f. today.Next to be seen is raising of circui from 5% to 10%
Promoters holding shows a decline of 7-8 % in the sept qtr,it is the reason why it is depressed  for the last 2-3 days.But I have a doubt if promoters have really reduced its holding,they may have added to its holding thro PROXY.
September qtr results is being shown to be declared on 10th NOV.such a long period for the trading window closure for the persons connected with the COMPANY.
For JUNE qtr,result on 14th Sept.
Two block deals 2 each on NSE and BSE.On NSE block deals of 30,00,000 and 15,00,000.And on BSE block deals of 10,00,000 and 59,000 each.
A meeting is scheduled for 10th august may be to take stock of earning for june qtr.
My guess is there has been some resolution achieved with their bankers regarding the loan outstandings. IQuite simply speaking, the company may be a going concern again. Very good if it happens for all shareholders!
None of the EXCHAGES is showing about the 10th august meeting,mentioned on INVESING.COM.
Huge accumulation happened  on both NSE/BSE.
It was distribution not accumulation.
In addition, the Company has substantially trimmed their overheads - Head Office costs down especially in the salaries department, The only matter of concern is if they can remain a going concern given their loan outstandings. My view is YES. The Company's fundamental business is profitable and the moment a solution to the overhang (debts + interests) is arrived at, the Company will quickly become one of the, if not THE most profitable in the Tea Industry.
Should go up. The 2020 Q1 will be much better- primarily because of significantly higher price realizations, and correspondingly lower crop declines than the industry. The last few years- pests and floods also played a big part, but the sale of their Doomdooma estates (which accounted for much of their losses) is another positive.
any idea when d circuiting will halt & resume trading..any idea at wht price this particular stock can be accumulated..for long term!!! Any idea 4 companies book value..???
Today is the accumulation day in Mcleod Russel
Why promoters have supplied share holding pattern for the second time in this QTR.
Operator is putting all his energy to extract the deliveries from investors.
exactly you are right,,
From today circuit limit doubles.
DEC 20 promoter  holding?
going to 0.50 in year then promoters start buying
Mcleod Russel circuit doubled.
add to the portfolio,likely to close at UC.
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