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Should Pyramid Saimira Theatres Ltd trade in BSE??!!
Pyramid Saimira Theatre tumbled both on BSE & NSE after latter decided to suspend trading in the company's shares for non-compliance with provisions of the listing agreement. The suspension will be with effective from 1 June 2010, i.e., closing hours of trading on 31 May 2010.

NSE said the non-compliance with provisions of the listing agreement includes non-submission of corporate governance report for the quarter ended 31 March 2010.

Though I could not contact my sources on further clarification, but it seems the stock will be traded on the BSE (Bombay Stock Exchange), henceforth. If this is the case then it is good for the shareholders of Pyramid Saimira Theatres Ltd...They can sell the shares in NSE and buy the same in BSE .....or...............I cannot write full details here because of some obvious reasons concerning the NSE (National Stock Exchange)!!!!!

Pyramid Saimira reported a net loss of of Rs 3.66 crore in the quarter  ended December 2009, much lower than a net loss of Rs 74.74 crore in the quarter ended December 2008. Net sales plunged 97.6% to Rs 3.27 crore in the quarter ended December 2009 over the quarter ended December 2008.
Meanwhile I have cornered a large chunk of the shares of Hilton Metal Forgings Ltd (BSE Code: 532847)and Tantia Constructions Ltd before the results. Sanguine Media Services Ltd is also coming up with results at the end of the month.

Now for Nifty traders, 4800 has already acted as the "Great Wall of China for the Bears" and now the Nifty is above 4850, which gives further ammunition to the bulls....Cheer up guys!!

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