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Showing posts from September, 2016

Aksh optifibre (Multibagger stock)

Aksh optifibre (Next Multibagger stock) cmp:-23 face value :- 5 rs. Market cap :- 395 cr. Book value :- 27.40 Company profile :-  AKSH OPTIFIBRE LIMITED  is a 27 year old company which started manufacturing of  optical fibre  and optical fibre cables (OFC)  in 1994. In 1996-97 Aksh acquired  Fibre Reinforced Plastic Rods (FRP)  business whic h is a key raw material for Optical Fibre Cables. AKSH went Public in the year 2000 and is listed on  National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) . AKSH Edge : The two key raw materials,  optical fibre and  FRP rod , constituting 70% of cost of optical fibre cables are manufactured in-house. This makes Aksh as one of the most cost effective optical fibre cable manufacturer. Also, Aksh is now the largest  FRP rod producer, supplying to all optical fibre cable manufacturers in 56 countries across six continents. All the manufacturing facilities are  ISO 9001 and ISO 14001 certified  . Aksh specialize in manufacturing

Sensex Tanks more than 400 points on 12 sept 2016

Tuesday 13 September 2016 Market benchmark Sensex tanks by almost 443 points to 28,353.31, while Nifty sustained above  the 8,700-level in the opening trade on Monday on heavy selling after revived speculation about a possible U.S. rate hike. Moreover, the rupee depreciating by 25 paise to 66.93 against the dollar in opening trade at the forex market also had a bearing on the sentiment.