Jayswal Neco (Rs. 48.00) (Code 522285) :-
Stock price of the Nagpur based company Jaiswal Neco has increased by 15 per cent during last one month, because the company has joined one time settlement scheme for clearing debt. According to the informed sources the company has OTS worth Rs. 200 crores. As per the settlement agreement company will settle all its due, will require 80 crores for the same. The news of company joining OTS scheme has resulted in increased activities on the counter. If OTS is materialized company is likely to get good benefit of the same. The company is planning for corporate debt restructuring mechanism. Investors may invest in the scrip for long term at current market price.
