SEBI has shocked Stock market today. It has banned 331 companies that will trade only on 1st of every months now. Next trading on 4th of Sept, 2017. The issue won't settle so soon. Many companies will go to court etc.
About 140 companies out of 331 are from Kolkata region.
Many companies banned are well known too. Example: Prakash industries are J Kumar Infraprojects big companies. Prakash industries was in highlight as Rakesh Jhunjhunwala is invested here. J Kumar Infraproject is known due to many report about its order book and its investment worthiness.
Know about SEBI rule for trading in these 331 listed companies. Also, list is available of banned companies. Search able list could not be found.
HDIL touched 20% lower circuit. Settled at 18% loss. Many companies given lower circuit and given heavy loss to retail investors in companies that are not even in SEBI banned companies list. MidCap and SmallCap index posted ~ 1.25% loss and Sensex posted 0.78% loss.
Optiemus infracom has NSE listing today. Its manufactured Blackberry KeyOne was available for purchase on Amazon today. But this stock posted 8.87% loss.
Sebi introduces GSM, stricter surveillance for stocks
This process actually started on June 9, 2017. These companies failed Modi's demonetization! Over lakh of shell companies got closed. Today was the day for listed companies. Corruption won't be toletrated.
Retail investors got struck in many of these companies as they cannot come out. Even when it will be available for trading on 4th of Sept then that day it is allowed to sell but not to buy. (Don't understand what this mean! If not allowed to buy and how anyone can sell?)
About 140 companies out of 331 are from Kolkata region.
Many companies banned are well known too. Example: Prakash industries are J Kumar Infraprojects big companies. Prakash industries was in highlight as Rakesh Jhunjhunwala is invested here. J Kumar Infraproject is known due to many report about its order book and its investment worthiness.
Know about SEBI rule for trading in these 331 listed companies. Also, list is available of banned companies. Search able list could not be found.
HDIL touched 20% lower circuit. Settled at 18% loss. Many companies given lower circuit and given heavy loss to retail investors in companies that are not even in SEBI banned companies list. MidCap and SmallCap index posted ~ 1.25% loss and Sensex posted 0.78% loss.
Optiemus infracom has NSE listing today. Its manufactured Blackberry KeyOne was available for purchase on Amazon today. But this stock posted 8.87% loss.
Sebi introduces GSM, stricter surveillance for stocks
This process actually started on June 9, 2017. These companies failed Modi's demonetization! Over lakh of shell companies got closed. Today was the day for listed companies. Corruption won't be toletrated.
Retail investors got struck in many of these companies as they cannot come out. Even when it will be available for trading on 4th of Sept then that day it is allowed to sell but not to buy. (Don't understand what this mean! If not allowed to buy and how anyone can sell?)
Arrow Greentech was known as Arrow Coated Products. It was established in 1992.
It is an only water soluble film company in India. It hold many patients in water soluble technology. It earns most of the money from the patent. It earns royalty.
About 81 percent of Arrow Greentech's revenue comes from royalty income, 7 percent from consultancy and 12 percent from the sale of water soluble film based products.
So far the company has monetized 3 out of 32 patents in the form of consultancy fees for the technical know-how, royalty income and sale of related products.
So, based on its patient and earning capacity on that, you know that it is not just another company.
News (Aug 5, 2017): Arrow Greentech announced that the Board of the company at its meeting held on 03 August 2017 has approved the proposal to form a new wholly owned subsidiary company to explore the security paper business inter-alia related to patents owned by the company.
Arrow Greentech is readying its capacity to 3x. It was planned in Sept 2016 but no news about completion has come.
CMP: Rs 569
PE: 20.14
It is an only water soluble film company in India. It hold many patients in water soluble technology. It earns most of the money from the patent. It earns royalty.
About 81 percent of Arrow Greentech's revenue comes from royalty income, 7 percent from consultancy and 12 percent from the sale of water soluble film based products.
So far the company has monetized 3 out of 32 patents in the form of consultancy fees for the technical know-how, royalty income and sale of related products.
So, based on its patient and earning capacity on that, you know that it is not just another company.
News (Aug 5, 2017): Arrow Greentech announced that the Board of the company at its meeting held on 03 August 2017 has approved the proposal to form a new wholly owned subsidiary company to explore the security paper business inter-alia related to patents owned by the company.
Arrow Greentech is readying its capacity to 3x. It was planned in Sept 2016 but no news about completion has come.
CMP: Rs 569
PE: 20.14
GHCL Promoter Sanjay Dalmia is a regular economic offender.
2014: https://www.vccircle.com/golden-tobacco-ghcl-promoter-sanjay-dalmia-held-real-estate-cheating-case/
2009: http://www.business-standard.com/article/markets/sebi-bars-ghcl-promoters-top-brass-from-stock-market-109042100045_1.html
GHCL was in limelight 1 year ago for many known investors entering here. It still comes into day light because of its Chemical and Textile business. Soda Ash business it own is very big.
But management quality is something market don't forget. Especially when it comes to corruption. So, consider this and decide.
2014: https://www.vccircle.com/golden-tobacco-ghcl-promoter-sanjay-dalmia-held-real-estate-cheating-case/
2009: http://www.business-standard.com/article/markets/sebi-bars-ghcl-promoters-top-brass-from-stock-market-109042100045_1.html
GHCL was in limelight 1 year ago for many known investors entering here. It still comes into day light because of its Chemical and Textile business. Soda Ash business it own is very big.
But management quality is something market don't forget. Especially when it comes to corruption. So, consider this and decide.
Continuing from yesterday's post विचार, आज का -
Democracy is a tool given to fools to rule over intelligent. (Check for Hindi version of it there)
Institution can balance the imbalance comes due to democracy to some extent. In institution, people are selected based on merit and not by crowd psychology. People selected in institution can support merit because they came here based on merit. Meritorious can work in the environment where merit is recognized.
संस्थाए, कुछ हद तक, लोकतंत्र द्वारा पैदा किये गए असंतुलन को दूर कर सकती है.
संस्थाओ में प्रतिभाओ आधार पर चुनाव होता है ना की भीड़ तंत्र के हिसाब से।
Democracy is a tool given to fools to rule over intelligent. (Check for Hindi version of it there)
Institution can balance the imbalance comes due to democracy to some extent. In institution, people are selected based on merit and not by crowd psychology. People selected in institution can support merit because they came here based on merit. Meritorious can work in the environment where merit is recognized.
संस्थाए, कुछ हद तक, लोकतंत्र द्वारा पैदा किये गए असंतुलन को दूर कर सकती है.
संस्थाओ में प्रतिभाओ आधार पर चुनाव होता है ना की भीड़ तंत्र के हिसाब से।
