SKUMAR Cmp Rs.58.50 our Target Rs.70 ------ and this stock has given a Weekly consolidation break-out with news flow http://akprabhakar.blogspot.com/2010/03/fabulous-15-tracker.html
S Kumars Nationwide gained, on reports the company is planning an initial public offering of its unit Reid & Taylor India in the next 6-8 months. S Kumars Nationwide (SKNL) holds 76.97% stake in Reid & Taylor India which focuses on the worsted fabrics and ready-to-wear men's wear. Meanwhile, SKNL also plans to convert Belmonte into a separate subsidiary and is looking to bring in private equity investment into Belmonte. It is looking at a qualified institutional placement within this year. Belmonte is a menswear brand in economy segment that has both fabric and ready-to-wear garments under one label. http://www.capitalmarket.com/if.asp?L=hotpursuit&M=cmedit/story2-0.asp?sno=381586
S Kumars Nationwide Ltd is looking to raise between $100 million to $150 million by listing its subsidiary, Reid & Taylor, in the next six months, a top official said on Thursday. The company is also talking to private equity (PE) firms to spin off its brand 'Belmonte', Managing Director and Vice Chairman Nitin Kasliwal told Reuters in an interview.
3G Auction boosting ONMOBILE this stock is up3.44% and soon target of Rs.450 and above possible. Buy slowly for investment http://akprabhakar.blogspot.com/2010/03/fabulous-15-tracker.html SKUMAR has done good and long term target Rs.70 is maintained GREAVESCOTTON, ADHUNIK, MRPL, JUBILANT and DEEPAK FERTILZER looks good for investor.
