Teledata Informatics PC manufacturing unit to be operational soon

Teledata Informatics Ltd has announced about the following:

1. The Company will invest Rs 250 cr for selling up a PC manufacturing unit in Baddi, Himachal Pradesh to be operational in 2007. The installed capacity of the plant would be 1,200,000 units and will be operational by the 3rd quarter of the current year.

2. The Company is in the process of setting up a Corporate office of approx. 50,000 sq.ft in Chennai which is expected to be occupied by July’ 07.

3. Teledata Technology Solutions Ltd, one of the demerged entities will be headquartered at Chandigarh and for which Mr. Vikas Goel, presently the Managing Director of eSys Technologies will be the CEO.

The stock closed the day at Rs.68.95, up by Rs.3.25 or 4.95%. The stock hit an intraday high of Rs.68.95 and low of Rs.67.15. The total traded quantity was 1557489 compared to 2 week average of 1901705. The stock was struck in the upper level of circuit limit with pending buy order for 422185 shares.

Source : Equity Bulls

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