Buzzing Stock..........

Spel semiconductors  

Traded at BSE only (517166)

Today ,Once crosses 18.50 level………….Grab it !! 

Sell 25% at 21.50…………and REST hold upto Rs.27-28 level 

SPEL Semiconductors spells out Rs 1,280-cr expansion plan !! MCAP AT Rs 83CR JOKE ?? 

Consumer electronics on the run …Hitachi, Videocon, Mirc, Whirlpool …… 

but they all depend on SPEL SEMICONDUCTER !! 

Triger 1 

Company’s SEZ venture near Chennai will be an added advantage. This will greatly boost up the profitability in long times to come.The company has shifted its office from a posh central Chennai location to the factory premises and it is widely believed that this will result in substantial cost cutting efforts.

Triger 2 

JUNE Q1 PROFIT = 

1.62 CR VS 0.77CR UP 110% 

Mcap at Rs 18=83cr 

Sales at Rs 87cr fy10 

Sales expected to cross Rs120cr F.Y11 

Triger 3 

SPEL Semiconductor Ltd has arrived at a settlement with the last of its term loan lenders, IFCI. Under a one-time settlement scheme, the company will pay the financial institution Rs 2 crore.

The company has paid Rs 25 lakh and expects to pay the rest by the end of the financial year, “although we have a year’s time,” Mr Ar Rm Arun, Vice-Chairman, SPEL Semiconductor Ltd, told Business Line.

At a court-convened meeting of shareholders, for getting their approval for conversion of the parent company SPIC’s loans into equity, the SPEL Semiconductor Chief Financial Officer, Mr Venkatesh Kumar, said that the company had settled loans of about Rs 15 crore in the last couple of years.

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Investors………Buy and FORGET for just 10-15-20 days 

Your Investment Risk Rs.2