In a shocking blow to the confidence of petty investors, a MNC which was highly lauded for its corporate governance and which was backed by visionary stock pickers like Ramesh Damani and Kenneth Andrade has grudgingly admitted that its accounts are not “true and fair” and that a fraud appears to have been perpetrated
A research analyst who sought to make quick money by taking advantage of insider information is in serious trouble. His attempt to avoid detection of his insider trades by using his mother’s account has come a cropper. He has now not only to refund his ill-gotten gains but also faces serious criminal charges
Basant Maheshwari has made the dramatic announcement that his latest favourite sector will be the “fourth industrial revolution” and that it will revolutionize the World in the same way that the steam engine and the internet did. We need to come to grips with Basant’s theory and grab the best stocks in the sector before the hoi polloi does
Porinju Veliyath’s dexterity in buying and selling stocks ensured that he got out of one of his favourite stocks just before it got hit by a regulatory taint and suffered a melt-down. Porinju pocketed a fortune from the stock though investors who followed his footsteps may not have been as lucky
Investors have always had the lurking suspicion that some unscrupulous analysts may be indulging in the nefarious practice of pump n’ dump. This is now proved true in investigations carried out by the SEC. The shocking aspect is that even highly reputed research houses are party to this
The Chairman and CEO of a micro-cap company backed by Porinju Veliyath and Ashish Chugh have been held prima facie guilty of insider trading by SEBI and directed to disgorge their alleged ill-gotten gains
When one is investing or trading, there should be strict adherence to risk management techniques like a stop loss. The failure to adhere to this elementary requirement has caused a novice investor to suffer a staggering loss of Rs. 93 lakhs and he faces imminent bankruptcy
Today was a rare day when the Legends rubbed shoulders with the novices in the common aim of making a fast buck from the IPO. Sadly, both had to go back home dejected, with their pockets lighter
It is intriguing that while one ace stock wizard of impeccable credentials sees no merit in a stock and dumps it, another of equally impeccable credentials sees much merit in it and buys it aggressively. We need to understand why there is such difference in the thought process of the two stalwarts and what our own decision should be
SEBI has issued a detailed order in which it has exposed a shocking ‘front-running’ scam carried out by Sharekhan in respect of the trades of its client from the Siva/Sterling group. This front-running activity has caused Sharekhan’s client a whopping loss of Rs. 14.70 crore
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