Jyoti Structures is hitting the Upper Circuit in the last two days.
It was in the news recently for getting a bid from a bunch of HNI investors for taking over the company under India’s Insolvency and Bankruptcy Code.
What is strange is that this key development, which has the potential to wipe out existing shareholders, has not been reported to the stock exchanges
Quite ironic that investors are being kept in the dark when the name of the company is Jyoti i.e. Light
There's a new bank in town guys – Hindustan Copper. Approved by SEBI with a swift CTRL+C and CTRL+V. pic.twitter.com/ZZPoZWizuR
— Leading Nowhere (@leading_nowhere) December 18, 2017
Some stuff I am reading today morning:
Foreign funds flock to Indian markets (BS)
IPOs so high, but fresh capital so low (Mint)
Now, MFs anchor IPOs on SME platform (BL)
Interview with Neelesh Surana (Morningstar)
Stock Talk: Deepak Nitrite (Dolly’s Best Picks)
The ‘Free Lunch’ Portfolio (Mohnish Pabrai)
Bill Nygren on Value Investing (Calm Investor)
Jim Simons-The Numbers King (New Yorker)
How Paul Singer’s hedge fund always wins (Fortune)
The resulting fallacy is ruining your decisions (Nautilus)
Here are the most clicked items on Alpha Ideas this week:
16 stocks for 2018 (RJ)
Our Taxpayer’s money, his Tesla (AI)
Top 5 Holdings of Rakesh Jhunjhunwala (AI)
Kurlon up for sale (ET)
What keeps Indigo going? (Quint)
3i Infotech: Company Ek, Focus Anek (AI)
Sarda Energy: We also do trading (AI)
The market shock no one is ready for (TRB)
Chart: Road Stocks turning favourites (AI)
Insurance set to emerge as dominant industry (Quint)