[T.S.R:16457] Karuturi Global: FY10 EPS 0.19 paise, Market Cap-Rs 900 cr. Should Sebi Ban Client Funding By Brokers?

Karuturi Global-Should Sebi Ban Client Funding By Stock Brokers?

CMP Rs 20

52 week Hi/Lo- Rs 38.70/ Rs 12.32

FY10 Revenues-Rs 24 crore

FY10 PAT- Rs 8 crore

FY10 EPS Rs 0.19

PE- 105

Market Cap-Rs 947 crore

FH11-Revenues Rs 10.21

FH11-PAT Rs 4.03 crore

FH11 EPS Rs 0.08 paise

The stock may never have reached a recent high of Rs 38.70 without collusion of stock brokers, who provided client funding on margins.

The question to be asked is, should stock brokers carry out the role of Banks? If not, then should the practice of lending cash against stocks as margins be stopped right away?

With all due respects to the management, in this whole volatility it is the small investor with no access to information who will lose out. The corporate business model does not change, but the investor goes bankrupt.

 

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice.

 

 

 

 

 

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