Varun Industries Posted Loss Of 271 Crores In A Quarter
By stock-trading
Very clear because, if the mine acquisition was cancelled, how did they not get the advances etc. back immediately and where is that money!! Can you expect a co. which until last quarter was posting excellent results, incur a loss of 271cr!! This stock was trading at a level of 30 3 years back in May 2009 from there it rose to unbelievable heights of 200-250-290 in the short span of time on the news that it has acquitted uranium mine at Madagascar !!!! I wonder what SEBI is doing, was SEBI not aware about manipulation being happened at Varun Industries. Most of the times I wonder for what purpose SEBI is there, Is it really to protect retailers and poor investors interest and regulate market OR it is their to protect interest of fraudsters and earn big pie of money from them in the form of bribery? Many frauds after frauds are happening at Indian Stock Exchange with very ease. At the moment it is better to stay from Indian Stock Exchange as it is not safe to invest money here as market is not regulated.

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