While the recent bull run in the Indian markets has
been driven by large-cap stocks, there are a few exceptions. Notable among them is ITC. The scrip started rising from March 2003 until March 2004 when
it topped out at Rs77. It declined to Rs57 in the middle of June 2004. A fresh rally started and ITC hit Rs137
in September 2005. The scrip declined to the Rs115 level on 28 October...
There is hectic activity at the Stock Holding Corporation of India Limited (SHCIL) these days; but none of it involves any effort to nail those involved in the attempt to loot the organisation and scoot with its wholly-owned subsidiary SHCIL Services Limited (SSL), as we had highlighted in our cover story “Loot and Scoot” (MoneyLIFE 5 July 2007). The effort is probably to bury the scam. A few...
The new CMD, Razdan clearly believes that it is time to move on. He called in a couple of journalists to inform them that SHCIL had received a mandate for e-stamping legal documents from the Maharashtra and Delhi governments; and, with 11 other states under its belt, it hopes to get 75% of India’s e-stamping business. Are people forgetting that over Rs30,000-Rs40,000 crore of stamp paper is...
