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Beat The Street Profile picture
@BeatTheStreet10
Jun 7, 2023 • 7 tweets • 4 min read • Read on X
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Milestone Furniture - Auditor mil nahi raha h so as Financial data bhi nahi mil raha h

Co running without MD CEO CS

They intimated about the CEO resignation on 25th May-23 who actually resigned on 12th May-23

Promoter stake 0%

#Redflag ImageImageImageImage
The same auditor on 26th May-23 signed the financials of Mangalam Organics - bseindia.com/xml-data/corpf… Image
Zero Revenue of the co #milestonefurniture Image
As per DRHP Promoter's daughter forms part of Promoter Group

As per BSE SDD data - its non-Promoter

How its possible when there in reclassification

Also this Sudam Enterprises includes promoter as the director ImageImageImage
Near to Zero Cash flows Image
Company has no CFO also. Already CS, MD, CEO resigned Image
No detailed shareholding pattern of Public shareholders disclosed for June-18 Image

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More from @BeatTheStreet10

Beat The Street Profile picture
Dec 9
🚨 Mishtann Foods: A Sweet Facade Turns Sour!

On Dec 5, SEBI dropped a bombshell: an Interim Order cum Show Cause Notice against Mishtann Foods (MFL).

Here's a thread 🧵
Mishtann Foods is not just cooking rice, it's cooking its books.

#Redflags #corporategovernance #mishtannfoodsImage
The Rise and the Red Flags 🚩
Market cap: ₹1600 Cr as of Dec 4, 2024(Before SEBI Order)

2 Lower Circuit of 20% in last 2 days

Public shareholders surged 800x in 6 years
(FY18: 516 → Sep 2024: 4.23 lakh)

Promoter Hitesh Patel sold ~3 Cr shares (₹50 Cr) in Jul-Aug 2024. Image
Before Analysing,

Some Suspicious Metrics 📊

₹1288 Cr sales with just ₹3 Cr in fixed assets (Asset T/O: 400x!)
Margins jumped from 2% to 28% in 4 yrs
Operating cash flow? Negative for 6 yrs
₹16 Cr inventory for ₹1288 Cr sales?
Just 5 permanent employees.

Unbelievable.
Read 25 tweets
Beat The Street Profile picture
Oct 23
Are FIIs really selling?

A Data-backed Research 🧵

Trivia: Historically FII selling creates a floor for the markets and ends up in double-digit returns post 1 year
FII selling? Only Noise: India still has +ve FII flows for CY24TD Image
DII acting as a counter force to fierce FII selling Image
Image
Read 13 tweets
Beat The Street Profile picture
Jun 25
Nandan Denim - Fin-influencers promoting this stock so that promoters can have a comfortable exit

A thread covering Forensic Analysis 🧵⛳️
Influencers have been promoting this smallcap stock suddenly all together.... go and search on Instagram..!!

Enough reels are their....
Also, thanks to another non-cash corporate action which does not change anything fundamentally just creates price appreciation

Some influencers even talk about magic - "Agar aap 1 share logey to aapko 9 shares free mai milenge..!!" Image
Read 10 tweets
Beat The Street Profile picture
May 10
Beat The Street Did It Again

SEBI Takes Action Against VARANIUM CLOUD

How Varanium Cloud take away shareholder's wealth and money into Cloud

A thread on SEBI's action and revisit of our Forensic Findings

#VaraniumCloud #SEBI #Forensic #Fraud #Redflag #CorporateGovernance Image
Before we move ahead, Beat The Street has been front runner in exposing multiple frauds, redflags and conducting forensic analysis on multiple listed entities

Also if you are looking for bespoke Forensic Analysis and Services please email us to contact@beatthestreet.in

We have doing it for free so that retail investors can learn

Please do consider taking our handle to a larger investor..!!
Fund Diversion

Beat The Street have raised multiple concerns on fund diversion at Varanium Cloud - some of those have been noted by even SEBI also.

Our Old note
Read 23 tweets
Beat The Street Profile picture
Mar 14
Electoral Bonds in Charts

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A thread
BJP got 10 times political funding as compared to Congress Image
BJP got highest funding among all political parties Image
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Beat The Street Profile picture
Mar 14
Copper is the new GOLD

LME Copper prices at 7 month high, above $8840/ton
New York Copper at 16 mth high
Shanghai copper hits 2-year high
Copper prices rose 8% this month!

Let's take a deep dive into Copper Market.
#Copper #HindCopper Image
Check out our detailed analysis on Copper in India & across world on @smartkarma

Copper Is the New "GOLD": India's Rush for Rare Minerals

Read more: skr.ma/yYeZD
The global consumption of refined copper has exhibited a remarkable upward trend over the past century, growing from 0.5 million metric tonnes in 1900 to approximately 25 million tonnes in 2020.

According to the USGS, copper reserves amounted to around 890 Mt in 2022. Image
Read 19 tweets

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