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,...
Empower Industries (Rs32)
Empower Industries is supposed to be in the business of ‘information technology resale and systems integration’. It has entered into a strategic, technical and marketing alliance with HTL Co Japan Limited and also formed a joint venture with US-based SPS Inc. The company’s financials are strange. In the March 2009 quarter, revenues were Rs22.24 crore; but, over...
Chandrika Traders
New Delhi-based Chandrika Traders Limited is supposed to be a non-banking financial company. This stock has been shooting up. Between 17 April 2009 and 31 July 2009, this scrip has surged 263%. Don’t ask about the fundamentals. In the June 2008 and September 2008 quarters, the company posted sales of Rs2 lakh each. In the December 2008 quarter, revenues were zero and...
