Kotak Securities and the art of differential scrip pricing...

Kotak Securities has a lot of holes in its software. When you login to Kotak Securities and go to a scrip that you have under the "marketwatch" link, you have a list of securities that you are interested in. Kotak has different prices for the scrip under the "Open" heading.

When you click on a scrip like "Shaw Wallace Industries", It shows you
the "High Price" as 178.00
the "Low Price" as 170.30
the "Open Price" as 174.25
the "LT Price" as 260.00 (last traded prices is Rs 260!!!)
the "% Change" as 50.99

Thus customers are mislead into beleiving that "Shaw Wallace Industries" has gained 50.99% today!!! Even if they did design their software for the lowest price possible, how exactly did they overlook the fact that a scrip cannot gain 50% in a single day??

www.moneycontrol.com clealy shows that the stock opened in the same range and that this price of Rs 178 is a couple of months updated....

But that is not all... Kotak claim the stock of Hotel Leela went down by 10.05% yesterday....

High 48.70
Low 47.00
Open 48.40
Close 47.75
Last Change No Change
% Change -10.05
LT Price 42.95
LT Qty 75

"Think Investments, Think Kotak"


Visit http://kotakscam.blogspot.com for screenshots of the differetial pricing model that scammed me