STOCK MANIPULATION


Moneylife Digital Team 19 August 2015
TCM, a sick company with no revenues has shot up 291%   TCM was into production of chemicals used in industries. In 2004, it was declared sick and registered with the Board for Industrial and Financial Reconstruction (BIFR). All operations were closed as the net worth of TCM had been...

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Moneylife Digital Team 05 August 2015
The share price of Sapan Chemicals was up 743%, in just about six months. On an average, there were just three-four trades per day   Sapan Chemicals—earlier known as Suryadeep Salt Refinery & Chemicals Works—is into ‘development and marketing of software along with consultation for...

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Moneylife Digital Team 22 July 2015
In just five months, the stock price of Kumar Wire Cloth shot up 858%. Prior to February 2015, there was, literally, no trading   Kumar Wire Cloth Manufacturing Company (KWCMC) is supposedly into wire-mesh products for various industries such as pharmaceuticals, textile yarns, and...

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Moneylife Digital Team 08 July 2015
The stock price of GBG rallied 399% unhindered, in three months, despite no business activities   Gajra Bevel Gears (GBG) is a dud company. Over the years, accumulated losses have eroded its entire net worth and made the company financially sick. The company stopped all...

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Moneylife Digital Team 24 June 2015
Despite terrible financials, the stock price of Birdhi Chand Pannalal Agencies appreciated by more than 3451%, or 36 times in 9 months   Birdhi Chand Pannalal Agencies Limited (BCPAL) was earlier in the textiles business. In May 2015, the management decided to change the name of the...

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Moneylife Digital Team 10 June 2015
A perfect example of a pump and dump stock, Dalal Street Investments rose by 11600% and soon declined 97%    Listed on the BSE in 2001, Dalal Street Investments (DSI) ostensibly deals in shares and securities. Over the past four quarters ended March 2015, DSI reported total revenue of...

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Moneylife Digital Team 28 May 2015
The stock rallied by as much as 756% and, from that level, stock fell 58%. A perfect example of a pump & dump   A mforge Industries was into metal forging business and catered mainly to the automobile industry. In December 2008, the operation of its Chinchwad plant was suspended...

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Moneylife Digital Team 14 May 2015
In less than a year, the stock price of Galada Power & Telecommunication shot up by 813%. Astonishing for a company which has been declared sick   Galada Power & Telecommunication (GPT) manufactures electrical conductors and related products. In 2001, Galada’s bankers initiated...

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Moneylife Digital Team 04 May 2015
With just around 250 retail shareholders, the share price of Rudraksh Cap-Tech shot up a stupendous 1182% in just a year   Rudraksh Cap-Tech (earlier known as Jolly Leasing & Finstock) deals in financial services. Though ostensibly it has a varied list of service offerings, no details...

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Moneylife Digital Team 16 April 2015
Over the past one year, the stock price of Vipul shot up by 883%. Even though nearly 35% of the promoters’ shares is pledged, this does not appear to be a concern for the regulator   Present on the S&P BSE Small Cap index, Vipul Ltd  generates revenue from the construction and...

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Moneylife Digital Team 02 April 2015
The stock price of Twentyfirst Century Management Services is up 926%. The stock averages just about 75 trades a day, with an average daily turnover of only Rs6 lakh   Twentyfirst Century Management Services (TCMS) is apparently engaged in trading and investment in Indian capital...

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Moneylife Digital Team 19 March 2015
ICVL Chemicals went up nearly 100 times or 9841% in just over a year with marginal profits   ICVL Chemicals was earlier into trading of chemicals, shares and providing ‘advisory and consultancy services’. Listed in 2012, the company’s management changed hands in May 2014. Ram...

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Moneylife Digital Team 09 March 2015
After a sharp rise of more than 1970%, the stock price of Atlas Jewellery crashed by over 50%. Sebi is sleeping as usual   Atlas Jewellery India (Atlas) took over Gee El Woollens on 31 July 2013. After the current promoters acquired the controlling interest, the company’s name...

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Moneylife Digital Team 19 February 2015
Despite no business activity since 2006, in just over a year, the price of Nobel Explochem shot up by 1235%   Established in 1982, Noble Explochem (Noble) was a leading manufacturer of nitro-glycerine-based explosives. In April 2004, the government prohibited the possession, sale...

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Moneylife Digital Team 05 February 2015
Midas Infra Trade gained a stupendous 1104% in 18 months, with almost no income   Midas Infra Trade Ltd (MITL) is supposedly in the business of ‘share trading’. Prior to April 2014, MITL was known as Associated Finlease Ltd. It is a dormant company. It reports marginal income...

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Moneylife Digital Team 22 January 2015
Nu-Tech Corporate Services has no source of business income, yet, its stock price has rallied 1208%   Earlier known as IIT Capital Services, Nu-Tech Corporate Services (NTCS) was in the business of leasing and hire purchase of plant & machinery and office equipment. In 2004, the...

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Moneylife Digital Team 08 January 2015
Vishvjyoti Trading rose 6259% in a year and half   Vishvjyoti Trading (Vishvjyoti) has a ‘diversified trading business’. Apart from ‘trading in textile yarns’, it also trades in shares and securities. The promoter’s stake was just 1.05% as on 30 September 2014 down from 65.28% in...

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Moneylife Digital Team 31 December 2014
Odyssey’s stock price has shot up 1443% in a little over a year. Where is SEBI?   Odyssey Technologies claims to operate in the information security industry with a focus on public key infrastructure (PKI) for payment systems in India. The company’s latest annual report mentions that...

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Moneylife Digital Team 11 December 2014
Exdon Trading Company Limited has risen 6587% in a little over a year.   Exdon Trading Company Limited (ETCL) deals with shares, securities, debentures and other investments in India. Over the past few years, according to ETCL’s management, it has not been in a position to generate...

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Moneylife Digital Team 27 November 2014
Over a one-year period, the share price of Maa Jagdambe Tradelinks has gone up nearly 5,799% or 60 times   Maa Jagdambe Tradelinks (MJT), formerly known as Parasrampuria Credit and Investments, is into textiles trading activities. Listed on the BSE, MJT was earlier into the financial...

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