STOCK MANIPULATION


Moneylife Digital Team 07 April 2010
Prraneta Industries (Rs32) Prraneta is into textile trading and financing. It embodies another example of how some fundamentally weak stocks surge on the price front. For the past four quarters, the company reported sales of Rs4.10 crore, Rs3.49 crore, Rs3.27 crore and Rs3.67 crore....

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Moneylife Digital Team 08 February 2010
Vintron Informatics Ltd (Rs6) Delhi-based Vintron Informatics is supposed to be operating in the electronics industry dealing in personal computers and computer peripherals. Fundamentally, the company is poor. In the March 2008 and June 2008 quarters, the company posted zero operating...

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Moneylife Digital Team 12 January 2010
Times Guaranty Ltd (Rs79) Promoted by Bennett Coleman & Co, owner of the Times group, Times Guaranty is a defunct finance company. In the March 2008 quarter, it posted revenues of Rs2 lakh and an operating loss of Rs28 lakh. Surprisingly, in the September 2008 quarter, when the economy...

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Moneylife Digital Team 15 December 2009
Empower Industries (Rs32) Empower Industries is supposed to be in the business of ‘information technology resale and systems integration’. It has entered into a strategic, technical and marketing alliance with HTL Co Japan Limited and also formed a joint venture with US-based SPS Inc. The...

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Moneylife Digital Team 27 August 2009
Chandrika Traders New Delhi-based Chandrika Traders Limited is supposed to be a non-banking financial company. This stock has been shooting up. Between 17 April 2009 and 31 July 2009, this scrip has surged 263%. Don’t ask about the fundamentals. In the June 2008 and September 2008 quarters,...

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