STOCK MANIPULATION


Moneylife Digital Team 04 January 2017
Mipco Seamless Rings Limited is apparently a manufacturer of rolled rings for bearing races. For the past nine years, the company has made no sales at all. It had other income of Rs9 lakh in FY2014-15, expenses of Rs13 lakh and net loss of 6 lakh. This net loss rose to Rs20 lakh in FY15-16...

Read More



Moneylife Digital Team 21 December 2016
Moschip Semiconductor Technology Ltd, headquartered in Hyderabad, claims to be a semi-conductor designs services company with extensive design experience in markets such as aerospace & defence, consumer electronics, networking and telecommunications, mobile communications, IoT (Internet of...

Read More



Moneylife Digital Team 23 November 2016
Medicamen Biotech is a pharmaceuticals company and has been in this line of business since December 1993. It claims to have two formulations plants at Bhiwadi (Rajasthan) and Haridwar (Uttarakhand). The company earns 40.8% of its revenue through exports.    For the past five years,...

Read More



Moneylife Digital Team 10 November 2016
Ram Minerals and Chemicals limited, formerly known as ICVL Chemicals Limited, is a rice-trading company. It received its certificate of commencement in August 2011 and, in December 2011, the Chemical Division was demerged from the main company.   For the past five years, sales have...

Read More



Moneylife Digital Team 26 October 2016
Ahmedabad-based paper trading company, Kushal Tradelink, claims to be a leading player in paper and paper products markets in Gujarat with a client base of over 600 customers. In the past, the company has not posted consolidated quarterly results regularly; hence, consolidated data is only...

Read More



Moneylife Digital Team 12 October 2016
Yarn Syndicate Limited, supposedly, trades in, and exports, cotton yarn. In the past quarter, the company made total sales of just Rs5 lakh and incurred losses of Rs22 lakh. In quarter before that, the company incurred a loss of Rs2.11 crore and had no sales at all. It has been incurring...

Read More



Moneylife Digital Team 28 September 2016
Agri-Tech (India), earlier a part of Nath Seeds, is into ‘horticulture business’, as per its latest annual report.    However, this micro-cap stock has not generated any significant revenue over the past few years. For the year ended June 2016, the Aurangabad-based company reported...

Read More



Moneylife Digital Team 14 September 2016
Optimus Finance (earlier known as Transpek Finance) operates in two business segments—financing & investing activities and manufacturing & trading in chemicals. It has one subsidiary, namely, Maximus International, engaged in importing, trading and exporting various products. This...

Read More



Moneylife Digital Team 31 August 2016
Sybly Industries, earlier known as Sybly Spinning Mills, manufactures polyester yarn. This small-cap stock generated revenue of Rs77 crore over the past four quarters ended June 2016, down 6% from Rs82 crore reported for the same period a year ago. While the Ghaziabad-based company has...

Read More



Moneylife Digital Team 18 August 2016
In March 2014, Shimoga Technologies merged with Smith & Founders (India) and the name of the company was changed to the latter. Smith & Founders manufactures closed die steel forgings, cast iron castings and cast iron cylinder liners.   In FY14-15, the revenue from operations of...

Read More



Moneylife Digital Team 03 August 2016
Earlier known as Hydro S&S Industries, Kingfa Science & Technology India (KSTI) manufactures modified plastics and engineering plastics. In May 2013, China’s plastic manufacturer Kingfa Sci & Tech Co picked up 66.5% stake in KSTI at 2.5 times the market price. The parent company currently...

Read More



Moneylife Digital Team 20 July 2016
Winsome Yarns, a textiles manufacturer, is part of the Winsome group. The group is India’s second largest wilful defaulter after Kingfisher Airlines. Winsome has outstanding bank loans amounting to nearly Rs6,800 crore, as per news reports. The promoters cite that the high outstanding is due...

Read More



Moneylife Digital Team 06 July 2016
The annual report of Anar Industries states that it deals with trading of electronic goods. However, no further detail is provided about the type of electronic goods or the clients the company deals with. Negligible revenues were reported in FY12-13 and FY13-14; but they shot up to Rs15.94...

Read More



Moneylife Digital Team 22 June 2016
Oriental Trimex deals in the processing and trading of marble. It is said to have warehouses at Delhi, Mumbai, Chennai and Kolkata. For the year ended March 2016, Oriental Trimex reported a revenue of Rs51 crore, up from Rs20 crore reported for the same period a year ago. It reported a net...

Read More



Moneylife Digital Team 08 June 2016
Vijay Textiles claims to manufacture bed-linen, curtain fabrics and upholstery. For the four quarters ended December 2015, it reported sales of Rs91.64 crore, down 15% from Rs107.62 crore reported for the same period a year ago. In each of the past four calendar years, the textiles...

Read More



Moneylife Digital Team 11 May 2016
In 2012, Green Fire Agri Commodities (GFAC)—to be renamed Proseed India—came into existence after the demerger of Northgate Technologies. Northgate Technologies was demerged into Northgate Com Tech (now known as SpaceNet Enterprises) and GFAC. GFAC claims to deal with agro-commodity trading...

Read More



Moneylife Digital Team 28 April 2016
SAR Auto Products, an auto-components manufacturer, got listed on the Bombay Stock Exchange (BSE) in March 2015. It used to be listed on the regional exchanges of Ahmedabad, Vadodara and Pune. As per its annual report for 2015, SAR Auto, which achieved a turnover of Rs2.21 crore in...

Read More



Moneylife Digital Team 12 April 2016
Gini Silk Mills shot up by 951% from March 2015 to March 2016. Is the regulator's high-cost surveillance system effective?   Gini Silk Mills manufactures woven and printed fabrics. With its manufacturing facility located at Tarapur (Maharashtra), Gini Silk Mills states on its website...

Read More



Moneylife Digital Team 29 March 2016
Jyoti Resins & Adhesives shot up by 954% from January 2015 to March 2016. Is anybody keeping an eye on such rampant manipulation?   Jyoti Resins & Adhesives produces synthetic resin adhesives for application on wood, under the brand name EURO 7000. The Ahmedabad-based manufacturer...

Read More



Moneylife Digital Team 16 March 2016
Panafic Industrial shot up by 487% from January 2015 to March 2016   Panafic Industrial is into “financing of loans to various corporates and dealing in securities.” On 7 January 2015, Panafic, which was listed on the Delhi Stock Exchange, got listed on the BSE (Bombay Stock...

Read More

Free Helpline
Legal Credit
Feedback