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Prraneta Industries (Rs32)
Prraneta is into textile trading and financing. It embodies another example of how some fundamentally weak stocks surge on the price front. For the past four quarters, the company reported sales of Rs4.10 crore, Rs3.49 crore, Rs3.27 crore and Rs3.67 crore. However, it makes no money. In the March 2009 quarter, operating profit was Rs2 lakh but in June 2009,...
Vintron Informatics Ltd (Rs6)
Delhi-based Vintron Informatics is supposed to be operating in the electronics industry dealing in personal computers and computer peripherals. Fundamentally, the company is poor. In the March 2008 and June 2008 quarters, the company posted zero operating profit and an operating loss of Rs1 lakh, whereas in the September 2008 and December 2008 quarters, the...
Times Guaranty Ltd (Rs79)
Promoted by Bennett Coleman & Co, owner of the Times group, Times Guaranty is a defunct finance company. In the March 2008 quarter, it posted revenues of Rs2 lakh and an operating loss of Rs28 lakh. Surprisingly, in the September 2008 quarter, when the economy was reeling, the company posted revenues of Rs92 lakh, and operating profit of Rs68 lakh. However,...