Sahara Housing finance:-Rigging,rigging and rigging

Scripscan:Sahara Housing finance
Code:511533
CMP:210


[Sahara Housing finance news,views and analysis/ political aspect of the company/reason for the sharp upmove/results/future prospects/Shocking valuations/banned by sebi/bad image of the sahara group/better companies available/rumuors of the sahara group housing company merger]


Story:Sahara Housing Fina Corporation Ltd has been such a company which has made people rich and eroded hell lot of money at the same time.From a low of 31rs in june 07 it went to a gigantic high of 1445 rs in dec 07 and subsequently fell back in no time to the present levels of 210.The reason which can be attributed to the mind boggline rise is that the entire unlisted Housing Construction business running into thousands of crore will get merged with Sahara Housing.Mind you no clarification whatsoever has been made by the management during any point of the time.The entire sahara group has been a huge failure be it their amby valley project or the sahara airlines which got sold and even the sahara tv has been a major flop show for them.Its been whispered that the chairman of the group has only got his existence because of the favour of some very shady and out of favour/out of power politicians from UP.It is hard to ascertain whether the rigging up of the Sahara Housing stock was carried out with the money funnell of the now disgraced politicians,who have been associated with a maverick businessman and a rapidly ageing filmstar.Just like the merger rumuor it could be true or just pure drivel.Sahara housing ended the fiscal 08 with a turnover of a mere 12crs and at present levels it commands a market cap of 150 crs.The majority of the shareholding is with the promoter.In a nutshell it can be only said if the buzz vindicates it can certainly be a stock to watch else this is another making of a saggy garbage in the portfolio of retail investors.All those who believe in the Sahara Housing stock may do well to re-evaluate their investment thesis.But who knows maybe the "STUNT JUST GOT PLAYED IN THE GALLERY".