I would like to share my pathetic experience with the renouned brokerage firm Sharekhan.
Around one and half months ago I opened an online share trading account with Sharekhan in the name of my mother. She doesn't have much money to invest, so whatever she has we planned to put it in the stock markets for better-than-usual returns.
While opening the account, I was suggested by their representatives Mr. Niladri and Mr. Sudipta to go for a prepaid account. In that way we'd have to pay lesser money to open the account.
They told me to give two cheques (Rs 20000 and Rs 6000) separately. I asked Mr. Sudipta about what would happen to the Rs 20000 and Rs 6000 that I pay upfront? He categorically replied that once the account is opened, we can get it back anytime we wish , and that I can even use the TOTAL (Rs 26000) money to buy shares in delivery. Sounded nice.
But, after the account was opened, it was a different story.
The 20000 was there in the margin account, but there was no trace of the remaining 6000. Now, when I asked Mr. Niladri, he told me that the Rs 6000 has been kept by sharekhan as advance brokerage and that I will not get it back again !!!
But when I told him about my conversation with Mr. Sudipta, the former tried to help me by contacting their Head Office and convert my account from prepaid to postpaid and get the excess amount refunded to me. But, alas, according to him, the HO was not replying to his mail.
I am holding 100/200 shares of 1.GUJAT INJECT KERALA 2GARWARE SYNTHETIC LTD 3.NOVA STEELS LTD 4.NOVA IRON AND STEELLTD 5.ADITYA SPINNERS LTD 6.ALFA ICA LTD 7.REMI METALS LTD 8.EASTERN MINING LTD 9.SURLEX DIAGNOSTIC LTD 10.SURLEX MEDIQUIP LTD. 11.RAJASTHAN BALL BEARING LTD for last 10 years or more.I have invested more than 1.5 lac in it..Since then I am totally in dark about the company.None of these shares are traded in BSE OR NSE..Why?Have the promotes of the company vanished collecting the investers hard earned money..Can anybody suggest what should I do with these shares... '
what are the future prospects of autoline industies from 230it went down to 186 and on news of aquisition it is going up.for long term investment what are the future prospects
RE:I want to invest Rs 2 lakh in shares within next 10 days to hold it for one year , which are the shares you recommend
by simanchal Ratha on Aug 20, 2007 12:37 AM
L&T,JINDAL STEEL AND POWER,ABB,ADANI ENTERP,ABAN OFFSHORE.RCOM,BHAIRTEL,FEDERAL BANK,GMR INFRA,UNITECH,ORBIT CORP,SAIL AND NB VENTURES ARE THE OBVIOUS CHOICES IN WHICH YOU CAN SPREAD YOUR INVESTMENTS . I HOPE YOU WILL GET AT LEAST 100% RETURN AFTER 12 MONTHS.
RE:I want to invest Rs 2 lakh in shares within next 10 days to hold it for one year , which are the shares you recommend
by siva mani on Aug 14, 2007 07:32 PM
RNRL RPL NTPC
RE:I want to invest Rs 2 lakh in shares within next 10 days to hold it for one year , which are the shares you recommend
by Investors Chronicle on Aug 14, 2007 07:52 PM
Choose Punj lloyds, Unitech or Dlf, GDL
