I’m a regular reader of MoneyLIFE. Some time back, MoneyLIFE had given bullish calls on Birla Corporation, based on its high ROE. As per the newly-introduced stock-grading system, it has been given a C grade, with a note to sell all C- and D-graded stocks. Is there anything that has gone wrong with this company? Since Birla Corporation has become cheaper, it is a good opportunity to accumulate...
"No Sunshine in Autumn" (MoneyLIFE, 28 February 2008) seems to suggest that fighting the unilateral termination of the Senior Citizens’ Unit Plan (SCUP) is unlikely to achieve much. I beg to disagree. The question is ‘Do investors have a case against UTI MF?’ The answer is an emphatic ‘YES’ for the following reasons:
Legal action: SCUP
We propose to file a case in the National Consumer Disputes Redressal Forum against the scrapping of the Senior Citizen’s Unit Plan by UTI MF. For this, we need to have the numbers to make the litigation cost effective - also when many people are affected, the case is expedited on a priority basis.|
If we do not file the case, UTI will have set an unhealthy precedent of...
