Technical Analysis of Indian Equities by Nooresh

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Blue Star Infotech – A raw deal for shareholders ?

In Manipulation of Stocks

I would like to write in detail about how shareholders got a raw deal by Blue Star promoters but does not deserve so much time being spent on it.  Very recently the company sold the IT Business at 180 cr. The company will now merge with Blue Star Limited. Lets [...]

ING Vysya Bank – Speculation or Insider Activity ?

This is the chart of ING VYSYA BANK     Things to note   -> Last many months the stock had a lot of resistance at 670. -> Last 3-5 sessions volumes go up by 3-5 times. -> Stock has moved up from 650 to 740 in last two days. [...]

M&M Financial Services, Just Dial and L&T Finance Holdings fall 20-30% post inclusion in Derivatives

In Manipulation of Stocks

Some weeks back had mentioned how L&T Finance Holdings inclusion in Derivatives a bit fishy.   The three stocks M&M Financial Services, Just Dial and L&T Finance Holdings have dropped 20-30% post inclusion in derivatives. Did F&O entry provide an exit to smart guys or were they hammered ? Given [...]

L&T Finance Holdings – Inclusion into Futures and OFS – Something fishy ?

In Manipulation of Stocks

There are some very interesting things which has happened with this stock. No time to write a detailed post but this is how it went for last 3 days.   -> Stock included into FNO on 11 March with effect from 13th March. ( NSE has never done a mid [...]

Vakrangee Software – Down 15% – Pump and Dump – Lic buys 6.45% stake in last 1 year

In Manipulation of Stocks

    As of yesterday Vakrangee is almost a 3800 cr market cap company quoting at 35 multiple. Given the super growth in of 40 % in earnings over 10 years and 50% sales growth definitely the rise cannot be totally uncalled for.   In terms of market cap it [...]

LIC runs a scam – Stock 2 – Zylog Systems

In Manipulation of Stocks

This is yet another company which was wanting to raise funds and could not and finally ended up in a big mess with promoters stake reducing.   Surprisingly LIC took stake quarters before the big fall started.   Lets look at the shareholding pattern change.   Some of the earlier [...]

LIC, GIC, IFCI – A scam stake buy – Stock 1 – Kiri Industries ( Kiri Dyes )

In Manipulation of Stocks

In the last few posts have been mentioning about how LIC has been systematically been investing in some of the midcap companies which have no credentials and have led to huge losses.   This is the last post on questionable investments in Responsive Inds and Rainbow Papers   In a [...]

Gitanjali Gems – Greed, Manipulation, Regulation, Pledging, Promoter Buying and what not ?

  Before you read this lengthy post i warn you it is boring and not really useful but just some time pass.   The fall in Gitanjali Gems has become a big talking point in the market of late with the stock falling from 600 to 130 and can fall [...]

Avance Technologies — Manipulation – 0.07 to 12 rs back to 0.89

In Manipulation of Stocks

  Example of a penny stock rigged :)   Avance Technologies—- Hardly any fundamentals but the stock was multi multi bagger at one time and now it is :P on the way back.   Will post some more of such stocks.

SEBI bars 7 companies for market manipulation. Cals Refineries Limited, Maars Software, IKF Technologies Ltd, Avon Corporation Limited, K Sera Sera Ltd, CAT Technologies Ltd , Asahi Infrastructures .

This is the recent news brief on SEBI barring a few manipulators.   Prashant Saran, Whole Time Member, SEBI, has passed an ad interim ex-parte order dated September 21, 2011, in the matter of market manipulation using GDR issues.  Vide the said order SEBI has issued directions against Pan Asia [...]