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I have shares of companies such as Nagarjuna Finance Ltd, Samrat Cycles, Shaan Interwell (India) Ltd, etc., which are practically closed. Can I claim capital loss on such investment? And, if yes, how?
You should write to the Securities and Exchange Board of India (Sebi) and the Company Law Board (CLB). Follow up your complaint on a regular basis for some time and then plan your next move.
I have 13,000 shares of Bhuvan Tripura Industries Ltd, 500 shares of Ojas Techno and 200 shares of SRH Synthetics Ltd. These firms are now delisted. I wrote to them at their registered offices but got no response. What should I do? How can I sell these shares?
You need to write to Sebi and CLB. But first, make sure there was no merger, acquisition or any change in company name. You may check this on the BSE website. Since these stocks are not listed, there is practically no way to sell them.
I have invested Rs10,000 each in Fidelity India Special Situations Fund, ABN Amro China-India Fund, Tata Indo Global Infrastructure Fund, ING Global Real Estate Fund, JM Agri and Infra Fund, SBI Tax Advantage Fund-Series I, JM Tax Gain Fund, Reliance Tax Saver (ELSS) Fund, UTI Infrastructure Advantage Fund- Series I, Kotak Indo World Infra Fund and HDFC Infra Fund, all in growth option. All are giving negative return. Which funds should be added or exited? I can invest up to Rs50,000.
I would suggest you to hold your investments for two-three years. But if your investment and holding capacity is limited, you should wait for at least two more months. That’s because the trend on the bourses is still not clear and unless there is some clarity, you should wait to invest further. You may write back after a month to explore investment opportunities prevailing then.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.