Wednesday, October 10, 2007

Arithmetic Errors from Kotak!


This is the best example of "Kotak" arithmetic yet. This stock has opened at a price of Rs 41.40 and the last traded price is of Rs 40.90 which by "Kotak" arithmetic is an increase of 1.24%
And these guys actually look for new customers to buy this product!!!
Kotak clearly says on its website for the past four days that the quantity of shares traded and the last five trades cannot be shown for technical reasons. So tell me Kotak, what do I base my purchase or sale price on? Luck? How do i know number of sellers and buyers? And has it already taken you three days to get this fixed? Everyone else is able to deliver, they why cant you?
Think Investments, Think Kotak!!
I'm going to Reliance Money instead. They actually charge you just Rs 12 per trade irrespective of the amount of shares or the value of the trade. THis can be for delivery or for day trading. Find that unbelievable? Call Reliance Money and find out!!!
It is the lowest brokerage rates ever...
But if you are hard up on life and are used to being a sucker, you can hang out with Kotak Securities instead.