Long time back i had posted about a warning on this stock called Cals Refineries where a lot of gullible investors were stuck.
https://nooreshtech.co.in/2010/05/cals-refineries-limited-a-multi-beggar.html
The company is now supposed to be suspended from trading. Doubt it will make a comeback. I remember one of the stock i recommended Indage Restaurants went the same way with marquee investors in it. But one could sell the stock before delisting comfortably at 8 though it was 40-50% down !. There are still some buyers for Cals. God knows who buys them.
Simple rule – Dont touch penny if you do dont let it be more then 1 % of your portfolio 🙂
This is the link to the notice – Link
Trading in securities of these 49 companies will be suspended w.e.f. Friday, April 20, 2012 (being 15 trading days from issue of notice); on account of non-compliance with the provisions of the Listing Agreement.
Sr. No.
Scrip Code
Company Name
1
506267
Assam Petrochemicals Ltd
2
532645
Beeyu Overseas Ltd
3
526652
Cals Refineries Ltd
4
530755
Coral Newsprints Ltd
5
505678
CPEC Ltd
6
526033
Crystal Software Solutions Ltd
7
521099
Emtex Industries India Ltd
8
532818
Evinix Accessories Ltd
9
524624
Gagan Gases Ltd
10
503738
GSL India Ltd
11
500177
Hanil Era Textiles Ltd
12
502241
IAG Company Ltd
13
511682
IFL Promoters Ltd
14
531084
Indo Bonito Multinational Ltd
15
506134
Intellivate Capital Ventures Ltd
16
523770
Intergrated Digital Info Services Ltd
17
505840
Jaipan Industries Ltd
18
526379
Konkan Tyres Ltd
19
500284
Lords Chloro Alkali Ltd
20
511000
Madhusudan Securities Ltd
21
526795
Mahasagar Travels Ltd
22
501473
Malabar Trading Company Ltd
23
531131
Mascon Global Ltd
24
522298
Micro Forge India Ltd
25
509782
Oseaspre Consultants Ltd
26
511016
Premier Capital Services Ltd
27
530069
Proto Developers & Technologies Ltd
28
514028
Rajkamal Synthetics Ltd
29
512618
RLF Ltd
30
511626
RR Financial Consultants Ltd
31
506172
Sampada Chemicals Ltd
32
514280
Sanrhea Technical Textiles Ltd
33
519242
Sarda Proteins Ltd
34
514454
Southern Latex Ltd
35
521236
Sri Ganapathy Mills Company Ltd
36
509917
Technojet Consultants Ltd
37
519228
Temptation Foods Ltd
38
531917
Twinstar Industries Ltd
39
532384
Tyche Industries Ltd
40
507808
United Leasing & Industries Ltd
41
532338
Valuemart Info Technologies Ltd
42
507472
Venus Sugar Ltd
43
530769
Venus Universal Ltd
44
530583
Vogue Textiles Ltd
45
512269
Warden Construction & Finance Ltd
46
532039
Zenotech Laboratories Ltd
47
500389
Silverline Technologies Ltd
48
532999
Nextgen Animation Mediaa Ltd
49
506164
Brindaban Holdings & Trading Ltd
Take Care Do your own research. I have been posting about quite a lot of such manipulations.
March 31, 2012
Hi Sir,
Do You Think After Allowing Algorithmic Softwares in Indian Stock Market…it will become easy for big operators to manipulate price of a stock ?
April 2, 2012
Algorithmic trading was allowed a year back. Now its just a new guideline. No impact as it is mainly on large cap highly liquid derivative names.
April 2, 2012
Hello Nooresh, sorry I have posted my query at the wrong place, wanted your suggestion on Voltas Ltd on technical basis, it trading at around Rs. 113.50/- today and was quite volatile since last couple of weeks, may you have a quick glance and the technicals and guide me….
warm regards
Dhiraj Mark
April 2, 2012
Would suggest to hold for short term.