Thursday, January 22, 2015

The new shareholding pattern of Veer Energy and Infrastructure Ltd shows the promoters holding as  33.35 % (in it 8.852 % is pledged or otherwise encumbered) as against 35.59% in September, 2014 quarter. So, the promoters' holding has gone down, isn't it? Am I right?

2ndly, Veer Energy and Infrastructure Ltd is a Re.1, Face Value share and not Rs.10. It means at the CMP of Rs.4.74, it is actually priced at Rs.47.4, considering Rs.10 as Face Value. 

3rdly, the stock has given more than 30% return in the last one week. Now the exchanges might ask for clarification from the company regarding the unusual price rise and volume. The scrip might come down, if the company says there is no  news. So, some caution needs to be maintained in the short term. 
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