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Nonsense at NSE
NSE is India’s leading stock exchange with 85% market share in the Equity cash segment and 99% market share in the Equity Derivatives segment.
As such, one expects the Exchange to be managed with a high degree of professional competence.
But sometimes,the shenanigans at the Exchange takes one breath away.
Take for instance, the strange case of K A Wires Ltd (NSE Symbol: KAWIRES)
This company is listed on NSE and has filed its quarterly shareholding pattern for Q2 FY2016-17
As on 30 September,2016, the promoter shareholding of this company is 100% (ONE HUNDRED PERCENT) !!
How can such a company even get listed?
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Linkfest : October 07,2016
Some stuff I am reading today morning:
Patel has saved the monetary policy from Rajan’s straitjacket (Jaggi)
NSE gets moving with its listing plans (Money Control)
Aurobindo Pharma’s founders to sell shares (Mint)
Kwality Ltd could be the next multi-bagger (ET)
Jindal Steel & Power defaults (BL)
IRCTC offers 10L Rail Travel Insurance for 1 paisa (FE)
NCR Builder Culture spreading to Pune (Ravi)
A Trump victory could shock the markets (Bloomberg)
Are you a value investor or a value pretender? (Latticework)
Education Bubble:Is a Harvard MBA worth $500,000? (Zero Hedge)
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Sensex Exit Candidates FY16-25
Source:Ambit Research
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Chart:The Indian Consumer Decoded
Source: Goldman Sachs
