malvika steel

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by amit kumar periwal, Apr 19, 2016.

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  1. amit kumar periwal

    amit kumar periwal New Member

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    i have brought 400 shares of malvika steel in 2002 .No news for this company any needful suggestions
     
    amit kumar periwal, Apr 19, 2016
    #1
  2. w4wealth

    w4wealth Well-Known Member

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    not familiar with name.
    may hav shut down .
     
    w4wealth, Apr 20, 2016
    #2
  3. New_Investor

    New_Investor Active Member

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    At what price? Your investment is duped. Forget it and move on. Read this news about Usha group (Malvika Steel is part of the group).

    https://www.moneycontrol.com/news/b...on-proceedings-against-usha-group_231450.html

    In July 2006, the Serious Fraud Investigation Office, SFIO, initiated prosecution proceedings against Vinay Rai's Usha Group for an alleged Rs 500 crore scam.

    Trading in Malvika Steel is suspended.
     
    Last edited: Apr 20, 2016
    New_Investor, Apr 20, 2016
    #3
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