Companies to AVOID

In below link a list of companies is given which must be avoided according to experts: -

https://indiaer.blogspot.in/2016/01/companies-to-avoid.html

Please add more companies to this list and also give reasons if possible.

Be wary of the following: -

1. Morepen Laboratories Limited to this list due to past track record, high debt and large number of preference shares. Also it is hyped on MMB board due to certain platinum boarders which may lead to volatility.

2. Saksoft: - High volatility. Went from Rs 451 to Rs 288 in 10 days. Again a hyped share on MMB.

 

RS Software: - Accounting Error in December quarter wherein associate company was shown having a proft of Rs 2009 lakhs. On 28th january company reported an error in the earlier results and shown the share of profit from associates at Rs.29 lakh (not 2009 lakhs) hence the stock hit downward circuit with 10% loss.

Such mistakes are unacceptable.

 

A list of companies which must be avoided according to experts: - https://economictimes.indiatimes.co...-debt-issues-experts/articleshow/50859092.cms