Unquoted: Veritas India,Visisth Mercantile
Stories of stock price manipulation 30 September 2010

Veritas India (Rs351)

Mumbai-based Veritas India is engaged in imports, trading & distribution of chemicals, generation of wind power and metals & machinery. The phenomenal 3227% rise in the stock price from 7 September 2009 to 8 September 2010 does not reflect its inconsistent performance through the period. Sales totalled Rs42.98 crore in the March 2010 quarter, up from Rs23.74 crore in the...

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