KGN Industries

Hi All,

I was really shocked by seeing this share hitting 55000 day high from day low of 70 today. Is there any thing which radically changes the share value so much? and will there not be any circuit filters on this share ?
Really very curious to know why this share went up 54930 rs in one single day ?

Thanks,
Nagendra

today all trades done on bse is cancelled...it was a case of relisting,so no filters were there...any way strane one

now sebi is looking in to this matter, we will know the details in couple of days

One should be very careful investing in companies such as kgn industries. The website declines to show the page. They have not made any announcement since April last year. I could not get any clue of thier business activities.

But still how can it go directly to 55000 with just 850 shares. If at all there are n sellers they can at max put there price at 200.Not even a single person on earth can guess such a huge move. And more over in a night how can fundamntals of a company change ?, only possibality is this company might have got money from some treasure over night which will get added to its EPS

Yeah, Perhaps. let us see tomorrow.

are you sure that all trades done on may 21-8008 in kgn ind stands cancelled by bse

i want to know the person who short sold shares of kgn ind on 21-05-2008 what happened of that trade after that was that cancelled or there was any auction held for short sold shares