Hat Tip: P Shah
Yesterday, DCW had a market moving announcement related to an export order as seen below:
This announcement was broadcast on NSE at around 3:20 pm as seen below:
The announcement was broadcast on BSE at 3:22 pm as seen below:
But the stock price saw a steep jump at around 11:00 am and again at 2:30 pm….well in advance of the Exchange Announcements
Source: Money Control
What should we call this?
Clairvoyance of the markets or something else?
Source: SEBI Annual Report 2017-18
18 Dead:
3 Critical:
1 Injured:
Hat Tip: A Mitra
Source: TBZ Annual Report 2017-18
The Chairman & MD Shrikant Zaveri makes this promise in his letter to shareholders
,
He then backs up his promise by delivering value to himself and his two daughters (Binaisha and Raashi) via handsome salary packages.
Shrikant Zaveri’s salary :
Binaisha Zaveri’s Salary:
Raashi Zaveri’s Salary:
Now, no one would grudge these salaries if the Company was performing well.
But take a look at the Consolidated Profits of the Company:
Promoter’s salaries is around 2/3rds of the Net Profits of the Company !!
So when the Promoter says his business model is delivering value to shareholders, he means it is delivering value to shareholders who also happen to be family members !
Source : DRHP Filings of CreditAccess Grameen Ltd
Amusing to see that Godrej Properties can borrow at a lower rate than a Bank.
Source: Investor Presentation of Godrej Properties
Source: Jana Small Finance Bank
