A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Controversy laded Innovassynth Investments has listed far lower than expected today with a High of Rs 20 and low of Rs 11….It’s Rs 14 currently as I blog nearer 2 pm….Volumes are over 250000…Market Cap is low at Rs 33 crs Innovassynth Investments has no Employees or Operations…it was formed to take over Futura Polyesters holdings …
It’s another Thursday..the last in January 2011…and as Derivatives settle themselves for the routine monthly close,I’m trying to settle a few not so stray thoughts…… …..An Additional Collector is burnt to death by the Kerosene Mafia near Nasik…an Activist seeking Information under RTI on a Builder is beaten up badly by the builder’s goons accompanied by a …
Anil Ambani may well feel blessed on this auspicious day of Makar Sankrant….he and his companies have been let off lightly by SEBI today…his kites should fly higher from now…that’s my take on today’s SEBI Consent Order passed In a Consent Order each of his two companies Reliance Infrastructure (earlier Reliance Energy) and RNRL (since merged with …
Its dipped to 12 degrees in Mumbai…effect of the Cold Wave up North….needed something to warm me up so I picked up the Remote on this Sunday Morning and thought maybe Katrina’s belly dance moves in ‘Sheela ki Jawani’ was pouring out from some channel…but was delighted and warmed by something even more Hot !…….The …
This Wealth Managment Fraud of over Rs 300 Crs, claimed to be the ingenuity of a relationship manager of Citibank at it’s Gurgaon Branch in Delhi is now being widened in investigation scope to include even the role of the World Head, Mr Vikram Pandit and Chairman,Mr William Rhodes and ten other Bank Officers in New …
A2Z Maintenance & Engineering Services Ltd….IPO had scraped through at Rs 400…helped by High Net Worth Applications…probably a back up plan….. as both the other segments QIBs and Retail were undersubscribed…..got a stressful Listing today…High/Low of Rs 398 +/Rs 318+ on BSE…did not even record the Issue Price at the Lower end of the Band of …