Gensol Engineering - A Saga of Fraud and Fund Diversion

SEBI bars promoters over fund diversions and multiple corporate governance issues

A thread on What went wrong? ⛳️⛳️💸💸💸

#Gensol #Redflag #CorporateGovernance #SEBI Like always, @BeatTheStreet10 highlighted multiple red flags and CG issues in this company much before the market realised

Compilation of those finding is here

https://x.com/BeatTheStreet10/status/1898021663784210640

Gensol Engineering: Compilation of Red Flags and Corporate Governance Issues

A thread

#Gensol #gensolengineering #forensic #redlfag Suddenly changed lease accounting policies to inflate profits



Though no clear explanation is provided in the conference call

https://x.com/BeatTheStreet10/status/1850116831945605218

Musings on Market Correction

Interesting charts, data points and investing perspective

A data-backed thread 🧵 Favourite: There is always a reason to sell

Whenever such events occur, we feel it is a time to invest through mutual funds (Why not equity? Because you don't need to worry about ab konsa stock/ sector chalega)

Bharat Gold Developers: SEBI suspended trading after complaints received from retail investors and seeing social media post

That's the power of retail investors and social media

A thread 🧵

#redflag #forensic #corproategovernance #fraud Share price rose 10x in last 1 year

The company changed the industry/ sector it operates in multiple times

Promoter holding is almost zero due to two large preferential issues

🚨 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 #mishtannfoods 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.

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

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....

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 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..!!

Electoral Bonds in Charts

Who are the King Makers - Who Funded Whom?

A thread BJP got 10 times political funding as compared to Congress

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 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

Since the news of ED freezing Hari Tiberawal - A Dubai based operator's stock holdings has created market panic.

Everybody is trying to find out who are the real owners behind their favourite shares

So here is thread 🧵 - Who Owns What?

How to find real beneficial owners behind your favourite stocks?

#stockmarket #sharemarket 1. Basic - Check top 1% SH names on and by click on those names you will be able to find more insight on those Shareholders

For Ex - Gorgi Family (Aarti Group Promoters) used to hold shares of Varanium Cloud Screener.in

A company planned to inflate its valuation from a mere 85 cr to 5000 cr via Manipulation of Share Prices and Volumes

Inflating Valuation in SMEs is very common and easy.

SEBI has caught the one - tells tactics and leaves learnings

A thread #Vmarc #SEBI #redflag #fraud #SME #scam #co The case is about V-Marc appointed 16 entities to manipulate and inflate the share price post IPO in April-21

These entities got funds from the company & management for manipulation

BGR Energy - Stock Has Fallen by 50%

All because of Corporate Governance Issues It all started when the company's loan accounts were classified as NPA

Pump and Dump Alert !!!!!!
Corporate Actions now becoming tool to PUMP&DUMP.

A Case Study of Insta Influencers favorite #SALASAR TECHNO ENGINEERING

Pump from 10 Rs Post Split to 34 in Just 1 month(240% 🔼😯)
Then Dump to ~23(40% 🔻in just 1 week)
#Redflag #CorporateGovernance Everything started with ONE CORPORATE ACTION- “BONUS ISSUE”

Date of Intimation- 16-Dec-23

Volumes increased to almost 42x times on Bonus Approval on 20-Dec vs Volume on 13-Dec

Yes Bank is back to its peak market cap of $10 bn but still share price is far away from the peak

Here is why

An important lesson on Equity Dilution..!

A thread 🧵

#YesBank Context - Yes Bank used to trade at a adjusted share price of 300-400 with a market cap of $11bn in 2017

Cut Back to 2024, its market cap is back to its peak of $11bn but share price is still almost 90% down from the peak

Many people are wondering why?

Accounting Scandal worth $4.5 Bn by Candian Warren Buffet - Prem Wastva 's FairFax Holdings.

He holds stakes in multiple companies worth more than Billions in India too.

A Long thread 🧵on How he cooked the books and fooled investors...

#CorporateGovernance #Redflag #Forensic Why GE of Canada?
In 2018, SEC charged American multinational conglomerate General Electric for $200Mn on using improper accounting methods to increase its reported earnings or revenues and avoid reporting negative financial results.

"We initiate position before appearing to media (Zee Business) and Exit positions after giving calls on Zee Business"

SEBI observed Front Running by Zee Business Guest amounting to 7,00,00,000...!!

5 Stock Market Experts of Zee have been banned

A thread

#Redflag #corporategovernance #SEBI #scam #ZeeBusiness #StockMarket #ShareMarket Who are these experts?
1. Kiran Jhadav
2. Ashish Kelkar
3. Himanshu Gupta
4. Mudit Goyal
5. Simi Bhaumik

From Glory to Governance Gaps: Unmasking the Gold Curtains of Rajesh Exports

#Forensic Analysis covering

Financial Discrepancies amounting to 25% of Balance Sheet Size

RPTs Disclosure Lapses

Persistent delay in filing cash flows statement & audit report

Thread🧵 Before we move to summary :

Do subscribe to which brings you exclusive reporting, insights & views on business, manufacturing and technology.

@the_core_in has published full forensic analysis done by us here:



@govindethirajthecore.in
thecore.in/finance/behind…

An Interesting SME company which is raising funds equal to its current market cap

- Promoter Fund Infusion
- Expansion Plans
- Migration to Main Board
- Backed by industry veterans

A thread #SuraniSteelTubes #stockmarket #sharemarket Surani Steel Tubes is the manufacturer of steel tubes owned and managed by industry stalwart - Mr. Vijay Singla (JTL Group Promoters)

Note : They acquired this company last year at valuation of 44 per share vs CMP of 400 per share

Hema, Rekha, Jaya aur Sushma!
Sabki Pasand Nirma!

You definitely heard the Ad of Nirma.
But here is the interesting story of its Promoter Karsanbhai who made a detergent company into conglomerate.

A Thread 🧵

Like and retweet for max reach.
#Nirma In the '80s, a catchy tune accompanied the twirling Nirma girl, but little did we know it was the backdrop to an epic business war that gave India an unexpected tycoon. Meet Karsanbhai Patel, the man behind Nirma's rise!

Sheela Foam - Kurlon Deal Analysis!

An interesting play with Maha Rashtra Apex Corporation Limited, which owns 38.25% in Kurlon.

Complete Deal Analysis and Special opportunity analysis.

A Thread!

like and retweet for max reach!
#Sheelafoam #Kurlon Sheela Foam acquired 94.66% shareholding in Kurlon Enterprises Limited(KEL), which is an unlisted company.
Equity Valuation of KEL - 2150 Cr
(2.7x MCap to Sales FY22)

Total Cash Consideration - 2035 Cr (2150 Cr*94.66%)