Tuesday, March 9, 2010

INFOTREK SYSCOM LTD - Will E- Waste Change its fortune ?

Everybody knows that E-Waste recycling is a sunrise industry and the potential of same in a growing country like India is very vast. But unfortunately we have not much options to invest in companies from this industry. There is not any pure play having significant business from this sector is listed so far. Infotreck Syscom (Formerly Sony Corporation) is the only listed company having at least some plans to develop this business in near future. One of its subsidiary Eco Recycling limited is claiming a peer position in e-waste recycling in India ,even though the depth of their business is not known so far. Tomorrow ( on 10/03/2010) the board of Infotrek is going to meet  to consider and approve the Draft Scheme of Amalgamation of a Company's subsidiary -. Eco Recycling Ltd. with itself. It is very difficult to predict the future of this company, mainly because of the track record of its promoters. But there is no doubt that if they succeed in this venture this will attract huge market fancy and may get even  three digit P/E valuation.  Promoters actively bought  shares from the open market from May 2009 to December 2009 , which remains as a silver lining. High risk takers with sufficient patience may try their luck.Currently it is quoting at Rs.25/-

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