1)Scripscan:Indage Vintners Ltd
cmp:51
code:522059
Story:Sell and/or liquidate equity positions in Indage Vintners,as per BBC India Business Report aired on March2, 2009, the entire wine quality grape crop in Nasik is facing distress sales, with Wine bottlers not picking up the crop due to huge Wine inventories and global recession.The stock can easily move into single digits.
2)Scripscan:Celestial Labs
cmp:10
Code:532871
Story:The Celestial Labs case is also one of brokers being in cahoots. According to the IB report, a Kolkata-based broker and a Delhi-based broker entered into an agreement with the promoters of the company to indulge in circular trading leading to price manipulation. When contacted, A N Singh, managing director of Celestial Labs said “the statements are absolutely unfounded”.
3)Scripscan:Cerebra Integrated Technologies
cmp:7
Code:532413
Story:In case of Cerebra Integrated Technologies,a Chennai-based stockbroker has shown keen interest in the company’s stock since January 2007 in collusion with other market manipulating entities. The broker who trades through multiple accounts has been actively indulging in circular trading, thereby creating artificial stock price.On the BSE,the company’s market capitalisation has soared from Rs 5 crore (January 2, 2007) to almost Rs 29 crore (September 30, 2008).For an investor who invested in the stock in the beginning of the last year,the annualised returns over the period of 21 months would have been a whopping 260%.Thereafter the operatior exited and investors holding the crap are at dire stratits now.
4)Scripscan:Kiri Dyes and Chemicals
cmp:77
Code:532967
Story:The promoters maintain a stranglehold, through market manipulators, on the company’s free-floating stock. The company officials declined to comment stating that their “MD Manish Kiri is out of India for a business tour for three weeks.Sell and move on to other better bets.
Regards,
ARUN
I can be reached at:-arunanalyst@rediffmail.com
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Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
