Multibase India: Good but Expensive

While growth is strong, the stock is worth buying only after it cools off


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Stock manipulation: Rudraksh Cap-Tech

With just around 250 retail shareholders, the share price of Rudraksh Cap-Tech shot up a stupendous 1182% in just a year


Rudraksh Cap-Tech (earlier known as Jolly Leasing & Finstock) deals in financial services. Though ostensibly it has a varied list of service offerings, no details of contracts undertaken, contract values or even the number of clients are mentioned either on the website or the annual report. Over the past seven quarters (June 2013 to December 2014), it has generated revenues of just about Rs2 lakh-Rs3 lakh each quarter. Net profit averaged just around Rs60,000 each quarter. This did not hamper trading in the stock which has only 242 retail shareholders. The share price shot up  a stupendous 1182%, to Rs85.90 in April 2015, from Rs6.7 in May 2014. In the nine-month period, from 6 May 2014 to 12 February 2015, the stock was consistently hitting the upper circuit, rallying 1400% to Rs100 from around Rs7. Since then, trading has been volatile. In March 2015, the stock had an average trading volume of Rs23 lakh a day, up from about Rs2,000 a day in May 2014. Rudraksh was hauled up several times in the past for regulatory non-compliance issues, but no strict action has ever been taken against the management. Will this blatant price manipulation go unnoticed as well? 


Science & Business Reality
Science is what the scientist does with human life
Afew days ago, a news report from the US exposed how Monsanto is maintaining a separate department to demonise whistle-blowing scientists who find the truth about the impact of their business on human health. This has removed even that small fig-leaf that the establishment wants to keep to hide this dangerous activity of the industry to make money.
Money they should make; but certainly not at the cost of risking millions of human lives. The old adage that, when business and the government are in cahoots, the common man suffers, is very, very true. I wonder if the pharma lobby, especially the vaccine lobby, has any such department. Recently, the MMR vaccine (a vaccine against measles, mumps, and rubella or German measles) has been known to be connected with autism. Poor Dr Andrew Wakefield was demonised beyond redemption for his genuine research which showed the unequivocal connection between autism and MMR vaccines.
Dr Wakefield is the world-renowned gastrointestinal surgeon and researcher who was accused of fraud and fabricating studies that show a link between the MMR vaccine and bowel disease present in many children with autism. 
Dr Wakefield was not an anti-vaccine doctor. Rather, he was a doctor interested in vaccine safety; and his studies led him—and many other researchers—to believe that there were problems with the three-combo MMR vaccine. He did not advise his patients to stop vaccinating; instead he asked them to vaccinate for these three diseases with single vaccines, rather than the combo.
There was just one problem with this advice. While it was in the best interest of parents seeking vaccine safety, it was not in the best interest of the manufacturer of the MMR vaccine (Merck) which saw a decline in its sales in the UK. 
Initially, however, there was an increase in sales of single-dose vaccines, according to Health Impact News, which claims “to cover stories that impact your health, but that the mainstream media seldom covers.”

Stockpile of Useless Drugs

When swine flu first broke out in 2009 as a ‘pandemic’, the world was in shock and millions of dollars worth of the useless and dangerous drug was sold and was stockpiled by all governments. This is because if the World Health Organisation (WHO) declares any contagious disease as a pandemic, all governments must buy the concerned drug. When the so-called swine flu disappeared as swiftly as it came but with only a whimper, the world woke up to the news that the whole saga was a creation of the industry in cahoots with WHO. 
The BMJ (originally known as the British Medical Journal) wrote that in the so-called swine flu saga, “the WHO was found in bed with the pharma lobby!” Who to trust in this world of science and technology? If the fence starts eating the crop, how does one survive? 
Hippocrates, the father of modern Western medicine, had warned us that we, doctors, should not make money in the sick room. Unfortunately, today, the drug industry simply lives and thrives on human misery—the sickness industry—aided and abetted by some unscrupulous doctors. Recent research has shown that the price of cancer drugs has gone up 100 times in the past five years, while the average American home earning has fallen by 8%! This is a damning revelation and needs a separate discussion some other time.

Dangerous Toothpaste

There are more than 200 cancer-producing chemicals which are permitted to be used by the industry even in food products, although there are indications that those chemicals might be carcinogenic. Triclosan, a dangerous chemical, is found in our soaps, shampoos and even in some of our toothpastes; and children might be in greater danger if they swallow those pastes. 
No government wants to ban tobacco, as tobacco barons are in positions to call the shots. While some of them ask for Indian studies connecting tobacco use to cancer before banning tobacco, they happily take Western medical ideas—even the bypass surgeries—without any Indian studies. Double standards galore! 
While we live in the sea of cancer-producing chemicals around us, we only pay lip-service to cancer cure and cancer prevention! The trillion-dollar cancer drugs industry, however, laughs its way to the banks.
Are we using the smokescreen of Western science to cloak our wrongdoings in business? Or, is science an enterprise to help big business? We never question science; so much so that science has become another one of those organised religions which is beyond questioning! 
There are basically two streams of science. Natural sciences are supposed to study nature and social sciences study human beings’ behaviour and their social interactions. The first accuses the second of inaccuracies in methodologies. 
With the acceptance of consciousness, now, we know that the methods of the natural sciences are also flawed. Rat experiments done by female scientists differ from the results of their male counterparts by as much as 20%-40%. Scientific methods are all human perceptions. Max Planck so beautifully described that there is no perception without a perceiver! It boils down to what I always felt: that science is what the scientist does.

I feel, time has come for us to take stock of what we do in science and what needs to be modified, in view of the newer inputs from quantum mechanics. With the newer inputs—that there are only energy waves as a reality in this universe—the need to do away with solid state particle physics is obvious. Should we be burning our money bombarding particles at the speed of light in CERN reactors anymore? The Truth about Reality is a good book by David Weibers which talks about a new reality. 
Please contemplate on what Steven Weinberg wrote in his Nobel lecture in 1989: “In the seventh book of the Republic, Plato describes prisoners who are chained in a cave and can see only shadows that things outside cast on the cave wall. When released from the cave at first their eyes hurt, and for a while, they think that the shadows they saw in the cave are more real than the objects they now see. But eventually, their vision clears, and they can understand how beautiful the real world is. We are in such a cave, imprisoned by the limitations on the sorts of experiments we can do... We have not been able to get out of this cave, but by looking long and hard at the shadows on the cave wall, we can at least make but the shapes of symmetries, which though broken, are exact principles governing all phenomena, expressions of the beauty of the world outside.”
(Professor Dr BM Hegde, a Padma Bhushan awardee in 2010, is an MD, PhD, FRCP (London, Edinburgh, Glasgow & Dublin), FACC and FAMS.)




2 years ago

Once again a good article stating concern with evidence.

Most Indian Toothpaste like Dabur, Himalaya, Amar,Dr Namboothiri and some MNC's like Closeup, pepsodent , colgate do not contain Triclosan. Whereas Colgate Total contains.

Another concern area not touched by Dr Hegde is the rampant use of hand sanitisers in Urban markets which is avoidable and unnecessary. A simple hand wash with water and ordinary soap would do to clean or free germs.Another money making science recommendation without basis.

Narendra Doshi

2 years ago

Dr.Hegde, Pl name few toothpastes for children & for adults without Triclosan

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