Nitco Ltd - is one of my poorly performed recommendations so far. This stock initially recommended @ Rs.60 and later @ Rs.15 ,which is currently trading @ Rs.14.Delay happened in the implementation of CDR ( Corporate Debt Restructuring ) package was beyond my expectations.After long waiting ,now there is signs of positive developments in the company.Recently promoters subscribed 22099206 equity shares on a preferential basis @ Rs.25.20 against the current market price of Rs.14 . This will bring an additional funding of Rs.55 Cr to the company by the promoters.( Announcement Link HERE) .Still I have faith in this company and I believe they can come back to the old good times sooner or later.
Link to new website HERE
Link to new website HERE
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