Stock Manipulation
Unquoted: Inca Finlease, IT People

Stories of price manipulation

Inca Finlease  (Rs119)

Inca Finlease was originally set up as a private company on 1 March 1994 and converted into a public limited one on 8 July 1994. The Mumbai-based company is ostensibly engaged in bill discounting. In the quarter ended June 2010, the company reported revenue of Rs72 lakh and operating profit of Rs1 lakh. In September 2010, Inca’s...

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Unquoted: Karma Industries; Arrow Securities

Stories of price manipulation

Karma Industries


Laxmankumar Birla Trading started in 1977. It then became Karma Ispat; now it is Karma Industries. The firm says it is engaged in the textiles business, but it also makes steel products. Its name changes (nearly half a dozen times) have accompanied changes in product profile; its financials are distorted. For the June 2010 quarter, the...

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Unquoted: Baid Global Ventures, Cressanda Solutions

Stories of stock price manipulation

Baid Global Ventures (Rs187)


Baid Global Ventures was formerly known as Chisel & Hammer (Mobel); it got its current name in November 2010. Its financials jumped in the past three quarters. It reported operating profit of Rs38 lakh on revenues of Rs6 crore for the June 2010 quarter. Revenues surged to Rs50.23 crore for the September 2010 quarter...

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