But then fundamentals are based on the numbers that company posts and underlying assumption in analyzing fundamentals is that those numbers can be trusted.
If promoters lack integrity in one area, how can they be trusted in the other areas of their businesses? It’s like trusting a student to have worked hard to score A+ in one subject when you have known them to have cheated in the other subjects.
There are so many stocks where operator action, financial engineering and low float work together like a magic to sustain multi-year bull rally.
I find it surprising as to why in India so many small caps companies get away with their dishonest practices. I often get a sense that all these tax raids or audits or regulatory rap on the knuckled are only reserved for big companies.
Another news of a small cap company taking investors for a ride.
Subscribe To Our Free Newsletter |