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“In India, companies may fall sick, but promoters rarely do!”

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April 2010

Interesting and Amusing….Shree Ganesh Jewellery House Ltd prices it’s IPO at Rs 260…lists much lower on April 9,2010 and closes at Rs 163…and on this first day itself Standard Chartered Bank (Mauritius) Limited A/c Emerging India Fund sells at a huge loss,over half a million shares in a Bulk Deal at Rs 169.23 !

3 Comments / Bulk Deals, Controversies, Corporate Governance, Foreign Institutional Investors, Gold Jewellery, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, IPOs, Reflections, SEBI, Sectors, STOCKS, VALUATION / By

The Listing of Kolkata based Nilesh and Umesh Parekh promoted Gold Jewellery House,Shree Ganesh Jewellery House Ltd on Friday,April 9,2010 has spooked everybody The IPO was priced at the lower band of Rs 260,but listed lower and crashed to 160 levels pretty fast ……An interesting Bulk Deal caught my eye on this first day of listing …

Interesting and Amusing….Shree Ganesh Jewellery House Ltd prices it’s IPO at Rs 260…lists much lower on April 9,2010 and closes at Rs 163…and on this first day itself Standard Chartered Bank (Mauritius) Limited A/c Emerging India Fund sells at a huge loss,over half a million shares in a Bulk Deal at Rs 169.23 ! Read More »

Sesa Goa drops from Rs 490 to below Rs 470 reacting on News of a Chinese Ban on Imports of Iron Ore below 60% FE content…Should it cause any Worry?

Leave a Comment / Controversies, Interesting News Sightings, Investing Themes, Mineral Resources, Reflections, Sectors, STOCKS, VALUATION / By

Just last evening there was a News release that China’s Iron Ore Trading Association has banned it’s Members from Importing Iron Ore with a Fe Content of below 60% Will this affect Sesa Goa?….Markets think so and have dropped the Share Price from Rs 490+ levels to below Rs 470 levels as I blog If …

Sesa Goa drops from Rs 490 to below Rs 470 reacting on News of a Chinese Ban on Imports of Iron Ore below 60% FE content…Should it cause any Worry? Read More »

Sesa Goa Up at record New High at Rs 494…More upmove potential…..but Sensex Down 256 points to 17714

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After kissing 18000 yesterday after a two year gap,the Sensex dropped 256 points today to close at 17714…it was in the red right from day’s start at 9 am till close at 3.30 pm But Sesa Goa surged to a record high of Rs 494+ and closed a few notches lower at Rs 490….I’ve been …

Sesa Goa Up at record New High at Rs 494…More upmove potential…..but Sensex Down 256 points to 17714 Read More »

Sania Mirza and Shoiab Malik to marry…but India & Pakistan will not !

Leave a Comment / Controversies, Interesting News Sightings, Reflections, When My Mind Meanders... / By

Wish Sania Mirza and Shoiab Malik all the best as they move ahead to tie the knot with each other mid month In Normal circumstances the marriage of an Indian Tennis Star and a Pakistani Cricket Star would have inspired many such similar alliances across our borders….but these are not Normal times….26/11 has driven the …

Sania Mirza and Shoiab Malik to marry…but India & Pakistan will not ! Read More »

MOREPEN or MORE-PAIN !…..Morepen Labs (FV Rs 2) at Rs 9…Should you Hold or Sell ?….especially Deposit Stakeholders who have become Equity Stakeholders as they have been given shares in lieu of their Deposits

4 Comments / Controversies, Corporate Governance, Insider Trading, INVESTOR MISTAKES, Pharmaceuticals, Reflections, Sectors, STOCKS, VALUATION / By

A Client had placed a Deposit of Rs 50000 with Morepen Labs years ago…Under a Scheme of Arrangement and Compromise,It got converted into 3313 Shares…he asked me whether he should Hold or Sell….The Price is currently Rs 9 thereabouts…so he should recover nearly Rs 30000 An emotional decision would dictate to Sell…and after reviewing the …

MOREPEN or MORE-PAIN !…..Morepen Labs (FV Rs 2) at Rs 9…Should you Hold or Sell ?….especially Deposit Stakeholders who have become Equity Stakeholders as they have been given shares in lieu of their Deposits Read More »

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