Cash generation from operations is the ultimate truth for a company and can be a good source of information
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 30 points gain or 0.26 percent. Nifty futures were trading around 11,365-level on the Singaporean Exchange.
BSE said that the companies have not submitted the financial results for March and June quarter and/or not paid the fine amount levied for such non-compliance.
The scrip has lost 97.5 percent of its value in the last two years amid corporate governance concerns and weak earnings.
Promoter Dhirendra Singh, on July 4, created a pledge on its entire shareholding of 44.32 percent with Finquest Financial Solutions Pvt Ltd.
Manpasand said it has received a resignation letter, on July 8, from Statutory Auditors Mehra Goel & Co, Chartered Accountants, stating their inability to continue as statutory auditors of the company
Here are some companies that saw their auditors quit over controversial issues
Following the arrests, at least five of the eight directors resigned with immediate effect from the company's Board citing the GST crackdown on the company's top brass as the primary reason for their exits
The stock has, in the last one year, plunged 80 percent from Rs 355 level
Stocks include Garnet International, Manpasand Beverages, Kitex Garments, MRF, UPL, Bajaj Holdings, Atuo Auto, GMR Infra, Raymond and Ashoka Buildcon
Many retail investors lost their entire savings after investing in 'hot stocks'. While such stocks can be very rewarding, investors should remember the benefits of diversification.
The concept of margin of safety, articulated by the father of value investing Benjamin Graham, has not lost its relevance even after 90 years of being first proposed.
Manpasand Beverages, Indiabulls Real Estate, Dish TV India, are some of the companies where promoters increased their holding but stocks remained underperformer.
The company had posted a net profit of Rs 8.95 crore in the July-September quarter a year ago.
A cheap stock could remain cheap forever if the value is destroyed. Stocks like Gitanjali Gems never recovered from that cheap zone as the business was completely wiped out post the Nirav Modi crisis
Businesses that breach trust and indulge in bad practices are bound to fail. It will only be a matter of time before that happens.
The new facility is located in Varanasi. We propose to focus on manufacturing our existing range of products.
The company at present has six manufacturing plants across the country, of which three are in Vadodara, and one each in Varanasi, Dehradun and Ambala.
Manpasand Beverages has reported a sales total income from operations of Rs 334.64 crore and a net profit of Rs 36.38 crore for the quarter ended Jun-2018
Nomura Group and Parvest Equity India have exit the Vadodara-based fruit juice maker company.
Agrawal regretted that shareholders have to pay the price for their judgement on these companies
Nikhil Kamath, Co-founder, Zerodha, said quality of the auditing firm is something people should pay heed to. “An auditor who resigns at the last minute, especially without reason, should definitely be penalised.”
BOB Capital Markets has been hired as the investment banker to manage the stake sale and the bank has already started the bidding process for selling stake in the AMC.