STOCK MANIPULATION


Moneylife Digital Team 13 November 2014
Real Realty Management has risen 281% in a little over a year and a half on poor financial performance even as Sebi sleeps   Incorporated in 1993 as Hillock Agro Foods, Real Realty Management acquired its present name in 2013. Earlier, the company’s main objective was manufacturing...

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Moneylife Digital Team 30 October 2014
Shreejal Info Hubs went up 1700% in 15 months   Shreejal Info Hubs (Shreejal) claims that it is into information vending and financing business. Looking below the surface, we found that Shreejal has a murky past. First known as Cellulose & Chemicals, its name was changed to Ask Me...

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Moneylife Digital Team 16 October 2014
The stock price of Parab Infra shot up by 580%, to Rs171.25 on 1 October 2014, from Rs25 on 11 February 2013   Parab Infra was previously known as Pacheli Enteprises. This is not the first time the company has changed its name. It was earlier named Mandsaur Ferro Alloys. Up to 2011,...

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Moneylife Digital Team 06 October 2014
Venus Universal has shot up by 3200% in a year even though over four quarters, it has reported revenues of Rs2-Rs8 lakh each with negligible profit. The regulators couldn’t care less about such brazen manipulation   Venus Universal was earlier into the business of offering software...

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Moneylife Digital Team 04 September 2014
For a company with a revenue of Rs10 crore and negligible profits, Pearl Agriculture Limited has a mind-boggling market cap of Rs1011 crore   Pearl Agriculture Ltd (PAL) was incorporated in October 2012 through a demerger of the agriculture division of Nouveau Global Ventures...

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Moneylife Digital Team 21 August 2014
In just over 19 months, the share price of Meglon has run up 410%. Meglon has been reporting sales of just Rs2 lakh-Rs4 lakh over the past 11 quarters and hardly any profit   Meglon Infra–Real Limited (Meglon) has changed its name five times since its incorporation in 1987. It...

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Moneylife Digital Team 07 August 2014
Over the past year, the stock price of PMC Fincorp shot up by a whopping 1122% or  12 times   Earlier known as Priti Mercantile Company, the company changed its name to PMC Fincorp on 8 May 2014 and has its corporate office in Kanpur (Uttar Pradesh). PMC Fincorp’s annual report for...

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Moneylife Digital Team 24 July 2014
Despite no business activity for years, the stock price of Midland has shot up by 271%   Midland Polymers used to manufacture polypropylene film used in packaging. Its plant was shut in 2009 and, since then, there has been no income from operations. In 2013, this Indore-based...

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Moneylife Digital Team 10 July 2014
Stories of Price Manipulation Finkurve Financial Services (Rs 19) Finkurve Financial Services Limited (FFSL), a non-banking financial company, earlier known as Sanjay Leasing Ltd, was into lending funds and financing small and large companies. Since 2012, FFSL apparently provides...

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Moneylife Digital Team 20 January 2014
Stories of price manipulation Lime Chemicals (Rs5) Lime Chemicals Ltd manufactures calcium carbonate, a raw material for several industries. It failed to disclose its shareholding pattern as per the listing agreement of the BSE in June 2011. Interestingly, the company was declared...

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Moneylife Digital Team 07 January 2014
Cindrella Hotel’s stock price rose by 279% in little over a year. How? Cindrella Hotels (Rs49) Cindrella Hotels, which is suppsoedly into hospitality, runs a four-star facility hotel—The Cindrella Hotel—in Siliguri. BSE found that the company had failed to disclose its shareholding...

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Moneylife Digital Team 23 December 2013
Regulators sleeping in their ivory towers, the company’s share price has rocketed a humungous 270% between 17 January 2013 and 6 December 2013, from Rs11 to Rs40.65. According to the BSE’s website, Kailash Auto is supposedly into ‘miscellaneous commercial services’ whatever that means....

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Moneylife Digital Team 10 December 2013
Share price of Kunststoffe Industries zoomed 251%, but regulators couldn’t care less about the facts staring in their face. Kunststoffe Industries is supposedly into ‘polymer processing’ and has a plant in Daman. In 2007, it was declared sick by the BIFR. Earlier, in 2006, it had been...

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Moneylife Digital Team 25 November 2013
Integrated Hitech has mysteriously shot up 341% Integrated Hitech (Rs4) Integrated Hitech Ltd is an information technology company specialising in income tax software and services. The company has been found guilty and warned by the BSE for not furnishing reports on shareholding...

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Moneylife Digital Team 12 November 2013
Stories of Price Manipulation The company was earlier known as Asianlak Capital and Finance Ltd. But it changed its name, on 9 October 2013, to Global Infratech & Finance Ltd. This is a strategy to mask its inglorious past. According to the BSE, it is supposedly into ‘miscellaneous...

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Moneylife Digital Team 28 October 2013
Stories of price manipulation Grandma Trading & Agencies (Rs285) Grandma Trading & Agencies Ltd is supposedly into commodities trading and distribution. The company was suspended by the BSE for non-compliance with listing norms in 2007. However, the suspension got revoked in...

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Moneylife Digital Team 14 October 2013
Stories of price manipulation Mahamaya Steel (Rs88) Mahamaya Steel Industries was known as Rajesh Strips before the name was changed on 10 June 2009. Prior to 2009, the company was suspended from listing for failing to adhere to the listing norms. It also failed to comply with...

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Moneylife Digital Team 30 September 2013
Stories of price manipulation Wisec Global (Rs10) The company is supposedly into finance. It has been censured by the Reserve Bank of India (RBI) and the BSE for various infringements. On 29 November 2010, RBI had warned that the company was collecting unauthorised public deposits....

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Moneylife Digital Team 16 September 2013
Stories of price manipulation Warner Multimedia (Rs3) You would have never guessed that a company named Warner Multimedia is into the business of financing and not entertainment or IT. The company and its entities were debarred from accessing the securities markets by SEBI for three...

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Moneylife Digital Team 03 September 2013
Stories of Price Manipulation Moving Picture Company (India) (Rs3) Established in 1989, the company is supposedly involved in producing films and television programmes. However, the company’s latest annual report (2012) could not be located on either the BSE website or the company’s....

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