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56 ArticlesSuckered

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Amtek Auto Follows The Castex Way With No Circuit Support – Crashes Over 60%

We’ve spoken about Castex, which used to be Amtek India. It continues to fall to the circuit limit every day since it hit Rs. 360 a share, and is now at ...

2200 cr. BDA Scam: Finance Head Invested Public Authority’s Money in Mutual Funds. Who Got The Commissions?

A large scam has emerged in the Bangalore Development Authority (BDA) with finance members investing money in equity mutual funds and trying to cover this up ...

Suckered: Castex Goes From 40 to 360, and Since Then, No Buyers.

So there’s this stock called Castex Technologies. Let me introduce you to this chart:   The stock rose from Rs. 40 to Rs. 360 and then, it’s ...

Adani Enterprises: What Happened Before 9:49AM Yesterday?

We all know that there was a major demerger in Adani Enterprises yesterday. This involved shareholders getting shares of other companies, and the price of ...

Suckered: Globus Spirits Converts Loss to Profit by Creative Accounting

A tweet by @_devesh_ brought this genius tidbit yesterday, from the Q4 2015 results of Globus Spirits :   It ...

Suckered: NTPC's Awesome Bonus Debenture and How The Government Gets 9,700 crores Without Selling a Single Share

NTPC has decided to graciously give “Bonus Debentures” to all its shareholders. If you own a share, you get a debenture free. (It’s not ...

NSEL Scam Fallout: Top Brokers Arrested for Manipulating Client Codes

Top brokers have been arrested in the NSEL scam, according to Business Standard: City police’s Economic Offences Wing tightened the noose on commodity ...

60 cr. Fraud at J&K Bank Takes it Down

In the J&K Bank Results yesterday there was this little tiny footnote: 12. During the quarter ended December 2014, fraudulent transactions on account of ...

Suckered: Amara Raja to Pay Promoters 40 cr. Upfront to Lease Land It Doesn’t Need

When you’re a shareholder of a company, you’re less influential than the promoter, of course. But with that level of control, can a promoter try to ...

Chipkaofication: When You Thulp Stocks On To Greedy Investors At Magnified Prices

We have a new word for: Chipkaofication (noun): The act of making certain investors buy at inflated prices after which the stock price falls big time. ...