STOCK MANIPULATION


Moneylife Digital Team 11 October 2017
Antarctica Ltd claims, on its website, that it started off with providing pre-press services; diversified into printing on a job-work basis with multicolour offset printing machines and, now, is in the packaging and printing business. The company was earlier called Antarctica Graphics Limited...

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Moneylife Digital Team 27 September 2017
Yuranus Infrastructure Limited, formerly known as Pankhil Finlease Limited, was incorporated as a non-banking financial company (NBFC). Pankhil Finlease had got into quite a few legal and regulatory issues. The company and its directors were held guilty of default in filing annual returns in...

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Moneylife Digital Team 13 September 2017
Blue Pearl Texspin Limited was formerly known as E-Wha Foam India Limited. It started off with the setting up a unit in Goa to produce 1,500TPA (tonnes per annum) of polyethylene foam products in collaboration with E- Wha Foam Korea Co (South Korea). In 2012, it changed its name to Blue Pearl...

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Moneylife Digital Team 31 August 2017
The primary business of Purshottam Investofin is, ostensibly, to provide loans and advances. It is registered as a non-banking financial company (NBFC) with the Reserve Bank of India (RBI). It was earlier called DB Merchant Banking Services.    The company has a market-capitalisation...

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Moneylife Digital Team 17 August 2017
Devhari Exports started as a share-broking firm in 1994 under the name LD Lakhani Securities Limited. It then moved into export business in 1995 and changed its name to Devhari Export (India) Limited in 1999. The company is now engaged in the business of the trading of steel. It reported...

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Moneylife Digital Team 02 August 2017
BFL Developers Ltd is a non-banking finance company (NBFC) based in Jaipur which apparently deals in trading and investment of corporate securities. It also claims to provide inter-corporate loans and investments. Remarkably, the company showed negative sales twice in the past year—Rs1.25...

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Moneylife Digital Team 19 July 2017
Agio Paper & Industries Ltd is apparently a paper manufacturing company based in Bilaspur. However, for the past four years, the company has made no sales at all. Its reserves are negative Rs21.33 crore, for FY16-17. While the company has no business, the share capital rose to Rs30.62 crore...

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Moneylife Digital Team 05 July 2017
Sai Baba Investment and Commercial Enterprises claims to be in the business of buying, selling, distributing and marketing of goods and all kinds of commodities, providing loans and advances, financing industrial companies, offering management and financial consultancy and into real estate...

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Moneylife Digital Team 21 June 2017
Nutricircle Limited, formerly known as Shreeyash Industries Limited, claims to be into healthcare, cosmetics and agriculture. For FY14-15 the company recorded no sales, while for FY15-16, the sales were Rs23 lakh. For the March 2017 quarter, the sales were Rs47 lakh. According to the annual...

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Moneylife Digital Team 07 June 2017
Anjani Foods Limited (formerly Raasi Enterprises Limited) has witnessed a sharp increase in its share price over the past eight quarters. The sales in the March 2017 quarter grew 11% year-on-year (y-o-y), from Rs5.41 crore in the March 2016 quarter to Rs6.01 crore in the March 2017 quarter....

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Moneylife Digital Team 24 May 2017
Rajkumar Forge manufactures medium and heavy open-die forgings for the oil, gas, power, iron, steel, sugar, cement, chemicals, fertiliser and general engineering industries. It claims to be one of the leading exporters of critical forgings and has a presence in South East Asian...

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Moneylife Digital Team 10 May 2017
Scandent Imaging, earlier known as Count N Denier, claims to provide 3D and 2D scanning services, along with expert reports, to cater to the requirements of the dental and ENT fraternity. The company claims to have a team of oral and maxillofacial radiologists and provides referral-based...

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Moneylife Digital Team 26 April 2017
Himalaya Granites was engaged in manufacturing, producing and marketing of granites monuments, memorials and tombstones. The business was mismanaged; the situation was further aggravated by a labour strike followed by a lock-out in 2008. The management has been striving to chalk out a new...

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Moneylife Digital Team 12 April 2017
STL Global Limited, formerly known Shivalik Global Ltd, has two business segments, viz., textiles and real estate. The textiles division contributed 78.80% of the total revenue and real estate division 21.20%. In the past eight years, the sales of the company have been declining and profits...

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Moneylife Digital Team 30 March 2017
Otco International is an IT solutions and service-providing company. It claims to be focusing on being a financial and management consultant and offering enterprise solutions for the micro-finance and financial industry. It is really a shell company. For the December 2016 quarter, revenues...

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Moneylife Digital Team 16 March 2017
Ahmedabad-based Padmanabh Industries, formerly known as Nilchem Industries Limited, is a chemicals trading company. For the quarter ended December 2016, the company reported no sales and net loss of Rs3 lakh. This wasn’t the first quarter in which there were no sales; it has reported no sales...

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Moneylife Digital Team 01 March 2017
Source Natural, earlier known as Invinex Laboratories, was supposedly into pharmaceuticals products. It later changed its name to Source Natural Foods and Herbal Supplements Limited to manufacture foods and ayurvedic products, now in fashion. It apparently sells herbal products and...

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Moneylife Digital Team 15 February 2017
Maha Rashtra Apex Corporation Limited claims to be into leasing, hire purchase and bill discounting services. It has nine branches and one franchisee across the country. Over the past several years, the company has made no significant sales, barring in one year, and has been making huge...

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Moneylife Digital Team 01 February 2017
Medinova Diagnostic Services Ltd has provided medical diagnostic services since 1985. It has one subsidiary, namely, Medinova Millennium MRI Services LLP. Vijaya Diagnostic Centre Private Limited, a promoter company, is the holding company of Medinova and is expected to infuse fresh funds...

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Moneylife Digital Team 18 January 2017
Negotium International Trade, formerly known as Mahadushi International Trade, claims to be involved in import and export of goods and also acts as “trainer, consultant and advisors” for various services. The company got listed on the Bombay Stock Exchange (BSE) on 21 March 2014 at Rs360...

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