From january to june 6 months time satyam raised from 6 rupees to 125+. Again some bad news coming it is an opportunity to buy and accumulate just hold for another 6 months that is upto june 30 2010 one will get 100% returns as the company will post good numbers. Company vice chairman also clarify the same that the company is maintaining revenue runrate as expected and expecting almost all the class actions will be settled out of court and all the normal liabilities were almost paid
Balrampur Chini Mills Ltd has informed the Exchange that: "Shri Suresh Neotia has resigned from the directorship of the Company and consequently Shri Neotia has ceased to be Chairman of the Company. Shri Naresh Chandra, IAS (Retd.) has been appointed as Chairman of the Company in place of Shri Suresh Neotia. Further, the Board has accepted the resignation of Shri M. M. Mukherjee from the directorship w.e.f. 25th November, 2009 and consequently he ceased to be member of the Audit Committee and Shareholders/Investors Grievance Committee. Further, Shri R. Vasudevan, IAS (Retd.) and former secretary to the Government of India, has been appointed as Independent Director of the Company w.e.f. 25th November,2009. Shri R. K. Choudhury and Shri R. Vasudevan have been inducted as member of the Audit Committee and Shri Suresh Neotia has ceased to be the member of the Audit Committee. Further, Shri S. B. Budhiraja has been inducted as member of the shareholders /Investors Grievance Committee".
But certainly, the stock is going to be banged in next couple of stock and good for long term investors. The rule in market I believe is to be keep patience and look for value buys.
| NIFTY 
