STOCK MANIPULATION


Moneylife Digital Team 30 March 2017
Otco International is an IT solutions and service-providing company. It claims to be focusing on being a financial and management consultant and offering enterprise solutions for the micro-finance and financial industry. It is really a shell company. For the December 2016 quarter, revenues...

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Moneylife Digital Team 16 March 2017
Ahmedabad-based Padmanabh Industries, formerly known as Nilchem Industries Limited, is a chemicals trading company. For the quarter ended December 2016, the company reported no sales and net loss of Rs3 lakh. This wasn’t the first quarter in which there were no sales; it has reported no sales...

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Moneylife Digital Team 01 March 2017
Source Natural, earlier known as Invinex Laboratories, was supposedly into pharmaceuticals products. It later changed its name to Source Natural Foods and Herbal Supplements Limited to manufacture foods and ayurvedic products, now in fashion. It apparently sells herbal products and...

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Moneylife Digital Team 15 February 2017
Maha Rashtra Apex Corporation Limited claims to be into leasing, hire purchase and bill discounting services. It has nine branches and one franchisee across the country. Over the past several years, the company has made no significant sales, barring in one year, and has been making huge...

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Moneylife Digital Team 01 February 2017
Medinova Diagnostic Services Ltd has provided medical diagnostic services since 1985. It has one subsidiary, namely, Medinova Millennium MRI Services LLP. Vijaya Diagnostic Centre Private Limited, a promoter company, is the holding company of Medinova and is expected to infuse fresh funds...

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Moneylife Digital Team 18 January 2017
Negotium International Trade, formerly known as Mahadushi International Trade, claims to be involved in import and export of goods and also acts as “trainer, consultant and advisors” for various services. The company got listed on the Bombay Stock Exchange (BSE) on 21 March 2014 at Rs360...

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Moneylife Digital Team 04 January 2017
Mipco Seamless Rings Limited is apparently a manufacturer of rolled rings for bearing races. For the past nine years, the company has made no sales at all. It had other income of Rs9 lakh in FY2014-15, expenses of Rs13 lakh and net loss of 6 lakh. This net loss rose to Rs20 lakh in FY15-16...

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Moneylife Digital Team 21 December 2016
Moschip Semiconductor Technology Ltd, headquartered in Hyderabad, claims to be a semi-conductor designs services company with extensive design experience in markets such as aerospace & defence, consumer electronics, networking and telecommunications, mobile communications, IoT (Internet of...

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Moneylife Digital Team 23 November 2016
Medicamen Biotech is a pharmaceuticals company and has been in this line of business since December 1993. It claims to have two formulations plants at Bhiwadi (Rajasthan) and Haridwar (Uttarakhand). The company earns 40.8% of its revenue through exports.    For the past five years,...

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Moneylife Digital Team 10 November 2016
Ram Minerals and Chemicals limited, formerly known as ICVL Chemicals Limited, is a rice-trading company. It received its certificate of commencement in August 2011 and, in December 2011, the Chemical Division was demerged from the main company.   For the past five years, sales have...

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Moneylife Digital Team 26 October 2016
Ahmedabad-based paper trading company, Kushal Tradelink, claims to be a leading player in paper and paper products markets in Gujarat with a client base of over 600 customers. In the past, the company has not posted consolidated quarterly results regularly; hence, consolidated data is only...

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Moneylife Digital Team 12 October 2016
Yarn Syndicate Limited, supposedly, trades in, and exports, cotton yarn. In the past quarter, the company made total sales of just Rs5 lakh and incurred losses of Rs22 lakh. In quarter before that, the company incurred a loss of Rs2.11 crore and had no sales at all. It has been incurring...

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Moneylife Digital Team 28 September 2016
Agri-Tech (India), earlier a part of Nath Seeds, is into ‘horticulture business’, as per its latest annual report.    However, this micro-cap stock has not generated any significant revenue over the past few years. For the year ended June 2016, the Aurangabad-based company reported...

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Moneylife Digital Team 14 September 2016
Optimus Finance (earlier known as Transpek Finance) operates in two business segments—financing & investing activities and manufacturing & trading in chemicals. It has one subsidiary, namely, Maximus International, engaged in importing, trading and exporting various products. This...

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Moneylife Digital Team 31 August 2016
Sybly Industries, earlier known as Sybly Spinning Mills, manufactures polyester yarn. This small-cap stock generated revenue of Rs77 crore over the past four quarters ended June 2016, down 6% from Rs82 crore reported for the same period a year ago. While the Ghaziabad-based company has...

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Moneylife Digital Team 18 August 2016
In March 2014, Shimoga Technologies merged with Smith & Founders (India) and the name of the company was changed to the latter. Smith & Founders manufactures closed die steel forgings, cast iron castings and cast iron cylinder liners.   In FY14-15, the revenue from operations of...

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Moneylife Digital Team 03 August 2016
Earlier known as Hydro S&S Industries, Kingfa Science & Technology India (KSTI) manufactures modified plastics and engineering plastics. In May 2013, China’s plastic manufacturer Kingfa Sci & Tech Co picked up 66.5% stake in KSTI at 2.5 times the market price. The parent company currently...

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Moneylife Digital Team 20 July 2016
Winsome Yarns, a textiles manufacturer, is part of the Winsome group. The group is India’s second largest wilful defaulter after Kingfisher Airlines. Winsome has outstanding bank loans amounting to nearly Rs6,800 crore, as per news reports. The promoters cite that the high outstanding is due...

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Moneylife Digital Team 06 July 2016
The annual report of Anar Industries states that it deals with trading of electronic goods. However, no further detail is provided about the type of electronic goods or the clients the company deals with. Negligible revenues were reported in FY12-13 and FY13-14; but they shot up to Rs15.94...

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Moneylife Digital Team 22 June 2016
Oriental Trimex deals in the processing and trading of marble. It is said to have warehouses at Delhi, Mumbai, Chennai and Kolkata. For the year ended March 2016, Oriental Trimex reported a revenue of Rs51 crore, up from Rs20 crore reported for the same period a year ago. It reported a net...

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