A few days back, Orchid Chemicals tanked to the extent of 50% without any apparent reason. Then came an announcement on CNBC TV 18 that the promoters had to resort to a ‘distress sale’ as they had no margin money. This implies that they had already ‘bought’ a large chunk of their own shares - and that too perhaps over a period of time. Had they disclosed this to SEBI as required? Or have they...
I am a regular reader of MoneyLIFE; I must congratulate you for bringing out a very good magazine. I have been following your stock market tips which have really helped me. Other news channels give tips after the shares have appreciated already. What I really like about your magazine is your honest efforts to help those readers who have been taken for a ride by companies.
Usha Karnani, CEO,...
We had mentioned that 15,500 was an important weekly closing level for the Sensex. For the trading week ended 19th March, the Sensex closed at 14,994. For the week ended 28th March it ended at 16,371. While many had forecasted that the Sensex would drop to 12,000-12,500, we have repeatedly suggested that investors should not assume that we are in a bear market and at the same time they...
