THERMAX.....

MIND BOGGLING YET…

I WAS AMAZED TO SEE THE PRICE ROCKETED TO CREATE ENOUGH TURBULENCE IN ME.

I BOUGHT 1000 SHARES OF THERMAX FOR Rs 38.65, 15 YEARS BACK,

TODAY, THE PRICE OF THERMAX IS Rs 1050/- OF Rs 2/- FACE VALUE (EQUAL TO Rs 5150/-). IN OTHER WORDS, ONE LAKH INVESTED HAS BECOME MORE THAN 66 LAKHS.

EVEN RECENTLY, 2-3 YEARS BACK, I FOUND MARKSAN AT Rs 2.30 NOW IT IS QUOTING Rs 64/-.

ALSO FOUND MORARJEE TEXTILES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 61, INDOCOUNT INDUSTRIES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 390/-.

BUT THE ABOVE THREE WERE JUST MEMORIES BUT NO PARTICIPATION……

MERRY CHRISTMAS TO YOU AND ALL INVESTORS & TRADERS…

Vadra-DLF deal - MISSING PAGES ~~~

Pages of file pertaining to Vadra-DLF deal missing: Khemka

An internal inquiry has been instituted in the matter and efforts are on to reconstruct the file
Press Trust of India  |  Chandigarh  

December 20, 2014 Last Updated at 00:39 IST

Indian Administrative Service (IAS) officer Ashok Khemka has sought registration of a First Information Report (FIR) after a Right To Information (RTI ) query by him found two pages of a file on the DLF-Robert Vadra deal missing from government records. Admitting that the pages were missing, Chief Secretary P K Gupta said an internal inquiry had been instituted in the matter and efforts were on to reconstruct the file.

Khemka, who had over two years back cancelled mutation of the land deal between Robert Vadra’s company M/s Skylight Hospitality and DLF, said official notings pertaining to setting up a three-member committee by the previous Bhupinder Singh Hooda government, which gave a clean chit to Vadra’s firm, were “missing” from the main file. Demanding that a case be registered in the matter, Khemka said, “It is a serious matter and it should be probed... how can the notings suddenly be untraceable?”

“The file noting is a very important piece of record which would establish that the three members were specifically appointed to an illegally constituted committee by the then political executive, where the only remedy to an aggrieved party was to file a writ petition in the high court, with the pre-determined objective to accord a clean chit to black-marketing of colony licence by M/s Skylight Hospitality, a company belonging to Robert Vadra, and to discredit my action of cancelling the land mutation from M/s Skylight Hospitality to M/s DLF,” Khemka charged in a letter on Thursday to the Haryana chief secretary.

The two pages with notings on the previous Congress government’s decision to constitute an official probe committee that later gave a clean chit to Vadra and DLF of any wrongdoing in Gurgaon land deal are untraceable, the present state government said responding to Khemka’s RTI plea.

State Public Information Officer D R Wadhwa, in an affidavit before State Information Commission a week back, mentioned that despite efforts to trace page no 1 and 2 of the noting of the file, these could not be traced and, therefore, these pages could not be provided to Khemka.

The 48-year-old IAS officer, whose action to cancel the mutation in October 2012 had raised a political storm, had sought the documents to ascertain how the official committee, which later on gave a clean chit to Vadra, was constituted.

The chief secretary on his part said it was a fact that a page of the file was missing.

“We are trying to reconstruct the file because I think it was six-seven months back when somebody asked for information under RTI, somebody other than Khemka. He had asked for information and that information was given to him... We are approaching the Information Commissioner's office to see if a copy of that is available with that office," he said.

Khemka wrote to the chief secretary that under RTI the former has been informed that noting related to constitution of the committee constituted on October 19, 2012, barely a week after the mutation was cancelled “by the then political executive to give clean chit to Skylight Hospitality and to discredit my action of cancelling the mutation is detached from main file and is denied to me under RTI Act”.

“This is serious, now there can be no scrutiny of the matter as to how Krishna Mohan, K K Jalan and Rajan Gupta became members, what were the terms of reference and what occasioned the constitution of the committee when the parties were not aggrieved against my orders and the only remedy against the order was to approach the high court,” he wrote.

The previous Hooda government had constituted the committee after Khemka cancelled the mutation and IAS officers Krishna Mohan, K K Jalan and Rajan Gupta were part of the committee.

Of the three officers in the probe committee, Krishna Mohan has retired.
http://www.business-standard.com/article/pti-stories/pages-of-file-pertaining-to-vadra-dlf-deal-missing-khemka-114121900386_1.html

ECB MOVE MAY DAMPEN BULL EUPHORIA ...????

05-12-2014 FRIDAY:

GLOBAL MOVES: The ECB move dampened the European markets, DAX rose from a low of 8600 to 10000, uninterruptedly, now took a knock of 120+ points and other European markets are also in RED. The cascading effect can be seen in other markets.

CURRENT TREND: The Indian markets are in serious Bull Grip and BULL FEVER is at its HIGH. The negative news can trigger some down-ward push can get support at 8350 level

FUTURE TREND: The Sell on Rise the best policy that can be adopted.

INDIAN STOCK MOVES: The bank Nifty is in better shape can see some unwinding as the additions are very limited in these 2-3 days of upmove.

INDIA’s CURRENT TREND: The BUY on Declines can be avoided

INDIA’s FUTURE TREND: Sell on Rise is appropriate polocy

Sector View: The Mid-Cap out performance will continue, the PSU banks may take some halt.

Stocks to Observe: Yesbank, Axis, SBI and PSU Banks, Auto sector for correction, ONGC and RIL, NMDC and SSLT for bounce

FUTURES & OPTIONS:

SHORT BUILDING: Dr,Reddy,; Bharati shorts slightly covered but still not worth buying.

LONG UNWINDING: Nifty, Bank Nifty may start tomorrow, HUL &ITC rising and unwinding be careful!

POSITION BUILDING: Bank of India, RelCapital, Tata Steel and SSLT

NEWS IMPACT: ECB decision not to charge the monitory policy may push indices down to 8300 level and Bank Nifty Unwinding may pull down by 800-1000 points.

Check & Buy on Declines: Bank of INDIA, Andhra Bank, Central Bank

Check & Sell on rise: HUL,

FOCUS TO BUY: ONGC, NMDC

FOCUS TO SELL: BANKs