Technical Analysis of Indian Equities by Nooresh

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Cals Refineries to be suspended from trading and 49 such scrips

Long time back i had posted about a warning on this stock called Cals Refineries where a lot of gullible investors were stuck.

http://www.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 πŸ™‚

 

 

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.

Article by Nooresh Merani

Nooresh has written 2557 articles.

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{ 4 comments… add one }
  • smit March 31, 2012, 18:06

    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 ?

    Reply
    • nooresh April 2, 2012, 13:53

      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.

      Reply
  • Dhiraj Mark April 2, 2012, 11:02

    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

    Reply
    • nooresh April 2, 2012, 13:54

      Would suggest to hold for short term.

      Reply

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