Scripscan:Times Guaranty Ltd
Code:511559
cmp:99
Story:Times Guaranty Limited offers advisory and investment services in India. The company is based in Mumbai, India.Promoted by Bennett Coleman & Co, owner of the Times group, Times Guaranty is a defunct finance company. In the March 2008 quarter, it posted revenues of Rs2 lakh and an operating loss of Rs28 lakh. Surprisingly, in the September 2008 quarter, when the economy was reeling, the company posted revenues of Rs92 lakh, and operating profit of Rs68 lakh. However, this performance was short-lived. In the December 2008 quarter, revenue slumped to Rs1 lakh while, in the March 2009 quarter, it was Rs6 lakh. In the September 2009 quarter, revenue was Rs3 lakh and the operating loss was Rs5 lakh. Between March 2009 and till date, the scrip has shot up by a humungous 900%.Operator activities are still to be seen no matter how bad or good the environment be.Some north based operators are busy pushing the counter hard bigtime.Now a fall is inevitable and that would suggest that their accumulation has fizzled out and they have become active to exit the company.But who knows with operators participation it may well hit dizzy heights of 150-200 even 300 but once stucked be rest assured it would turn out to be one of your biggest nightmares.Avoid buying craps and opt for better growth oriented companies suggested by myself to make a pot of money in the longer run.
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