Cambridge Technology Enterprises (CTE) is supposed to be an information technology service-provider. CTE had a big bang initial public offering (IPO) in February 2007 that smacked of price manipulation. With a listing price of Rs45, the stock shot up by 122%, to Rs100, on the day of listing. It wasn’t long before it crashed. By the beginning of April 2007, the stock was down 50%, to Rs50. After extreme volatility in the stock price over the next two years, by February 2009, the stock price was down to Rs13. In February 2014, the stock hit another low of Rs3. This marked the starting point of a steep rally. Over the next 20 months, the stock shot up by about 4452%, to Rs145.20, on 14 October 2015. After another crash of 37%, to Rs91.90, the stock price shot up, once again, to Rs138.90, on 29 December 2015. The stock is up by 4254% from its low in February 2014. 
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
