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Just got back from a vacation in Goa and while I was rather tickled to see my email printed prominently in your 22nd May issue. However the first para should have read: " ... they said that the Rs 38 Cr profit in their results till date" instead of "loss". In editing the letter to add clarity, you have inserted an error; fortunately, the rest of the letter however makes the picture...

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Long Term

We are replacing three stocks from our long-term Stockgrader. Here is a review

Gainers
Among our list of 86 stocks, the best performance came from Punjab Chemicals & Crop Protection in the past fortnight. It was up 15%, buoyed by talks of an increase in fertiliser subsidy by the government. Agro Dutch Industries, a small stock that may turn out to be a big winner, rose 8%. Monnet Ispat was...

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Circuit Breakers

I­n early April, when MoneyLIFE interviewed CB Bhave, chairman of the Securities and Exchange Board of India (SEBI), one of our questions was about his decision to remove first-day price bands after stocks are listed or re-listed. That decision was based primarily on the English Indian Clays (EIC) case, which MoneyLIFE had followed with some persistence. EIC’s stock had dived from Rs1,690 on...

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