The move comes after the exchange, in April, had suspended these companies due to non-compliance of provisions of listing agreement. However, these firms were allowed to trade in restricted segment, or Z group, only on the first trading day of every week for six months.
Karma Industries was locked at five percent upper circuit on Friday on news that engineering firm Crompton Greaves has decided to buy compact fluorescent lamps business of the company.
Prior to deploying Infor LN, Karma Industries used Tally software.
Karma Industries has reported a sales turnover of Rs 233.45 crore and a net profit of Rs 0.49 crore for the quarter ended Mar '12
Karma Industries has reported a sales turnover of Rs 258.09 crore and a net profit of Rs 0.71 crore for the quarter ended Dec '11
Karma Industries has reported a sales turnover of Rs 140.01 crore and a net profit of Rs 0.75 crore for the quarter ended Sep '11
Avinash Gorakshakar of Edelweiss Securities feels that one should not invest in Karma Energy.
Karma Industries has reported a sales turnover of Rs 252.08 crore and a net profit of Rs 0.40 crore for the quarter ended Mar '11