Originally posted by smartcat So I have . I'm reading up on Moneycontrol messageboard about Jupiter - something about the promoter stealing money from the company and routing it back into the stock via Switzerland (or Swaziland, not sure). Doesn't make much sense though.

No, I was not referring to money control news. You usually have strict criteria as far as debt and ROE/ROCE is concerned. This does not seem to be inline with your other fabulous stock picks.
Regards,
K.

Looks like this one somehow slipped through my filters - the dividend payout ratio is around 12% (I thought I only had stocks with DPR of over 20%).  

Originally posted by smartcat Looks like this one somehow slipped through my filters - the dividend payout ratio is around 12% (I thought I only had stocks with DPR of over 20%).   Me too.. One fine day (today) I was browsing through my portfolio to see whopping minus 50% on this stock.   The reason why the stock was below the radar in our portfolios is because it only fell 2 to 3% everyday (on volumes of 20 or 30 lacs everyday) and it rarely hit the down circuit.

Its dividend payout ratio is somewhere between 10% and 15%. and RONW is between 10% and 20% .If you look closely at last 5 years, , the above two parameters including dividend per share are decreasing . I do not know why the stock had a beating in the first place after looking at my portfolio where this stock had a huge loss .I decided to cover the loss by buying in small quantities and tried to decrease the loss.Now the dividend yield will be good provided the dividend per share remains the same as per last year. I tried to find out what went wrong .One of the news sources in CNBC mentions that the promoters will get a preferenial allotment required for business expansion.
In this case , they will pass the resolution for preferential allotment .This is like cheating minority shareholders. The promoter claims that profit will start pouring from FY12. In fact , they send a greeting card this year for the new year and mentioned that the fruits of their expansion will start from FY 12 . DID ANY OTHER TEDDIES who holds this stock got their greeting cards?