STOCK MANIPULATION


Moneylife Digital Team 13 January 2011
Som Distilleries & Breweries Som Distilleries & Breweries makes beer and ‘Indian Made Foreign Liquor’. It owns brands such as Hunter Extra Strong Premium Beer, Legend Premium Beer and Legend Premium Lager Beer. In the March quarter 2010, revenues were Rs32.01 crore, and the...

Read More



Moneylife Digital Team 30 December 2010
Splash Media & Infra (Rs76) Splash Media & Infra, incorporated as ‘Indus Commercials’, was engaged in the business of media software. It is now engaged in media advertising, realty and construction. From 24 March 2009 to 26 November 2010, the stock registered a phenomenal growth of...

Read More



Moneylife Digital Team 16 December 2010
Explicit Finance (Rs17) Mumbai-based Explicit Finance deals in shares and securities. The stock has jumped 269% between 24 June 2010 and 16 November 2010. Its operating profit was Rs21 lakh on revenues of Rs85 lakh in the March 2009 quarter. The September 2009 quarter saw revenues...

Read More



Moneylife Digital Team 08 December 2010
Stories of market manipulation Swasti Vinayaka Synthetics (Rs14) Swasti Vinayaka Synthetics, which was part of the Siyaram group till 1989, manufactures textiles and sarees. Its stock surged 541% between 14 May 2010 and 1 October 2010. Sales in the March 2009 quarter were at Rs4.71...

Read More



Moneylife Digital Team 22 November 2010
Stories of market manipulation Valuemart Info Technologies (Rs19) Valuemart Info Technologies (VITL) offers IT and business process outsourcing services. The stock has soared by 1,261% between 20 April 2009 and 22 October 2010. VILT’s sales for the March 2009 quarter were Rs2.99 crore...

Read More



Moneylife Digital Team 08 November 2010
Stories of market manipulation Vax Housing Finance Corporation (Rs72) This is a company engaged in investment and trading in securities. Between 2 July 2010 and 11 October 2010, the stock has soared 583%. In the March 2009 quarter, Vax Housing’s sales were Rs10 lakh, while operating...

Read More



Stories of stock price manipulation 30 September 2010
Veritas India (Rs351) Mumbai-based Veritas India is engaged in imports, trading & distribution of chemicals, generation of wind power and metals & machinery. The phenomenal 3227% rise in the stock price from 7 September 2009 to 8 September 2010 does not reflect its inconsistent...

Read More



Moneylife Digital Team 25 August 2010
Vipul Dye Chem Vipul Dye Chem is engaged in the manufacture of bases & salts, dyes & intermediates and other chemicals. The company claims to supply its products to textile mills and other manufacturers in India. Its sales stood at Rs7.59 crore in September 2009. They declined to Rs6.83...

Read More



Moneylife Digital Team 12 August 2010
Jaihind Synthetics (Rs20) Jaihind Synthetics is supposed to be in the textiles business. But has simply no business worth talking about. It has posted zero revenues in four out of the past five quarters. In the March 2009 quarter, revenues were Rs4 lakh, recording no sales in other four...

Read More



Moneylife Digital Team 29 July 2010
PFL Infotech (Rs22) PFL Infotech claims to be in the trading business, although its name suggests that it is in the IT business. As per the company’s annual report for FY08-09, it has not entered the IT business because of unfavourable economic conditions. It posted an operating loss of...

Read More



Moneylife Digital Team 27 July 2010
ScanPoint Geomatics (Rs25) Ahmedabad-based ScanPoint Geomatics Limited (earlier known as ScanPoint Graphics) is engaged in the “development and customising services of geographical information system, image processing, global positioning system, computer-aided design and location based...

Read More



Moneylife Digital Team 15 July 2010
My Fair Lady (Rs8) My Fair Lady manufactures personal-care products like perfumes, sprays and combs. It markets its products under the brand name My Fair Lady which is owned by the promoter company. It has consistently made losses over the past nine quarters. Operating loss was in the...

Read More



Moneylife Digital Team 01 July 2010
AV Cottex (Rs34) Manipulation seems to be rampant in AV Cottex. This company is in the business of trading in cotton yarn. In the March 2010 quarter, it posted sales of Rs3.06 crore. This was a remarkable achievement because there have been six quarters when the company did not post any...

Read More



Moneylife Digital Team 25 June 2010
ACI Infocom Limited (Rs18) ACI Infocom mainly distributes IT hardware products. It also focuses on delivering IT and telecom solutions & services. In the December 2008 quarter, the company posted sales of Rs4.30 crore and an operating profit of Rs27 lakh. But, surprisingly, in the March...

Read More



Moneylife Digital Team 18 June 2010
Neha International (Rs173) Incorporated in 1993, Neha International Ltd (with its subsidiary Globeagro Holdings) is engaged in the floriculture business in India and Ethiopia. It exports its products to countries like the Netherlands, Japan, Greece, Canada, Switzerland, the United...

Read More



Moneylife Digital Team 17 June 2010
 Capital Trust Limited (Rs59) Capital Trust Limited is in the business of hire-purchase/leasing of plant & machinery, office equipment and two-wheelers. In 2008, the company ceased all other financing operations and started ‘grameen-based, joint liability-based microfinance’, whatever...

Read More



Moneylife Digital Team 17 June 2010
Polygenta Technologies (Rs43) Polygenta Technologies was incorporated as Maskara Polytex in 1981. It deals in polyester filament chips, partially oriented yarns, colour televisions and audio hi-fi systems. It has two manufacturing facilities in Maharashtra, but one of them is closed...

Read More



Moneylife Digital Team 03 June 2010
Subuthi Finance (Rs134) Subuthi Finance, incorporated in 1992, claims to provide a wide range of financial services. Business growth has been extremely poor and inconsistent over the past four quarters. In the September 2009 quarter, revenues were just Rs10 lakh and operating profit was...

Read More



Moneylife Digital Team 27 April 2010
Insutech India (Rs27) Insutech India is engaged in manufacturing and marketing of electrical insulating material. In the June 2009 quarter, the company registered net sales of Rs7.52 crore and an operating loss of Rs2.10 lakh. In the September quarter, sales declined drastically to Rs30...

Read More



Moneylife Digital Team 21 April 2010
Mahan Industries (Rs6) Mahan Industries is supposed to be a non-banking finance company which invests in the capital market. In the past three quarters, its revenues were Rs3 lakh, Rs5 lakh and Rs1.83 crore, respectively. Out of the past five quarters, it has recorded operating losses in...

Read More

Free Helpline
Legal Credit
Feedback