Tuesday, November 25, 2014

SKM Egg Products Exports (I) Ltd: The Promoters continue to FOOL the Gullible Investors!!
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There was an announcement in a Blog regarding purchase of shares by the Promoters of SKM Egg Products Exports (I) Ltd (BSE Code: 532143) from the open market. But do you know the number of shares purchased? Yes, it is indeed HILARIOUS and shows how the Unscrupulous Operators can go to any length in connivance with the Dirty Promoters of companies, to jack up the price of shares. 

After this news of promoters' purchase of shares were spread, SKM Egg Products Exports (I) Ltd hit the Upper Circuits at Rs.102.20, in the NSE (It was suspended in BSE long back). This announcement in the said blog came after my adverse write up about this company, in this blog yesterday. 

The gullible investors do not even think for a moment as why they are going for such a scrip whose book value is only Rs.17.11 and has EPS of only Rs.5.01. Now you would probably see a series of good (manipulated) results quarter after quarter like what another scrip V2Retail Ltd (Rs.46.10) has been doing. Do you know the accumulated loss of V2Retail Ltd? Just do a little bit of internet search!! This scrip was also recommended by the gentleman in his blog. 
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