As promoters have borrowed against their stock from Shyam Equities and with amalgamation going through, its only matter of time before they flood the market with this stock. Promoters are not in a position to meet the margin calls as the stock has lost quite a lot of value since the borrowing.
And the Net profit of MIRC Electronics has declined 71.96% to Rs 2.49 crore in the quarter ended December 2008 as against Rs 8.88 crore during the previous quarter ended December 2007. Sales declined 0.32% to Rs 391.85 crore in the quarter ended December 2008 as against Rs 393.11 crore during the previous quarter ended December 2007. Great going by the promoters. Thanks
| NIFTY 
