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| Discuss KGN Industries at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi All, I was really shocked by seeing this share hitting 55000 day high from ... |
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#1
21st May 2008, 04:38 PM
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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 
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#3
21st May 2008, 06:48 PM
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Re: KGN Industries
now sebi is looking in to this matter, we will know the details in couple of days
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#4
21st May 2008, 08:14 PM
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Re: KGN Industries
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.
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#5
21st May 2008, 09:12 PM
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Re: KGN Industries
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 :-)
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