UPDATE

As I had predicted  in one of my previous posts, the price has appreciated more than 100 % from 175 to  420. But still ,the scrip is conspicuous by its absence in the print media. It is again a conspiracy of silence by the smart and well heeled investors. You can find recommendations about many other inferior performers , but not about Glodyne. It has been recommended once by telefolio, and by some other financial sites on the web. Telefolio is a paid service and searching these other reports on the web is like seearching for a needle in a haystack.

Now , the market is waiting for the q4 and fy04 results, which glodyne has decided to club together and announce by june 30th. Generally, the market hammers the companies which do this. However, glodyne has been spared. sarnaik has indicated in one of his interviews that the promoters are planning to increase their stake. Either they have skipped the q4 results to depress the price, or , they want to report an increased stake along with the q4/fy09 results and have bought time to enable them do the same.