Had warned on Arshiya at Rs 125 ~ it’s now Rs 22! ~ Now have warned Clients of another Big One !
Arshiya has sunk to Rs 22 ! ~ had warned on this Company at Rs 125 in the first week of January 2013 on this blog and company website www.jsalphaa.com
Outlook Business’ latest edition for the fortnight ending March 30,2013 in an extensive three page article on Arshiya’s woes covers my above warning on Page 68 not to invest in Arshiya International and my reasons for this despite some big guys recommending it ,one of which even had it as top 5 buys of 2013!
This is a well known company and it has raised corporate governance issues for seemingly having diverted huge share gains to promoter’s private company ~ minority shareholders be damned !
Sad