DigitalDude said:
@magnet
yes we have to transfer funds from our bank account to the trading account if you are going with a dedicated broker house instead of the banks.
you can give a POA to operate your demat account (for the trades that you do through your broker) to your broker so that you can avoid the written slip hassles.
_
But does that mean my broker can transfer sum from my say hdfc bank account to trading account to carry his own trades ?
Which we do hear many times...
Or Its like bill desk verisign type stuff your trading site transfers u to another domain that is of bank and from there your transfer takes place?
Hacker said:
Are you talking about kwality dairy
Hmm i did a short analysis on it(kwality dairy)...even if had bought at the lowest value it reached and have sold at highest point which it touched....(which is impossible to guess both correctly at same time).....1.5 lakh in that particular stock would had been 26 lakh 50 thousand buck.....Ill say the 70 lakh figure looks too much inflated or may be it has to do with serious insider trading or some old stock bought and which might have got relisted....
I have heard people traveling in mercedes and deal in stocks which are not listed like they buy 10000-15000 shares at re 1 per shares.....than with that company they list it in market and manipulate it till it reaches 10-15 target and than sells again delist......i havent seen it personally but my friend told about his uncle buying dcb shares when it wasnt listed and after few months it got listed and touched 160 level that time ....it was 30 buks share which people had got and they sold it for 10-20 buks that time physically
Btw a small tip if a share is going to get splitted try to invest in it as soon as u get the news.....same is the story with kwality dairy and even tatia global ventures where i had invested and if had stayed 6.5k would had worth 1 lakh today in 6 months(though tatia news of splitting came when it was 110 ...i had bought it at 16 and the stock reached 209 before splitting...even a person would doubled his money in 2-3 months)
Note:::It may not come true for all stock....i have just taken 2 random stocks and did analysis on it.....need to check others....donot follow my practice blindly