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...
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...
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...
