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“In India, companies may fall sick, but promoters rarely do!”

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Aftek begins moving from sub Rs 10 to now Rs 11.50…Expect Fireworks

Simply cannot figure out why Aftek is ‘kept’ this low at Rs 6 to Rs 10 range for a long time…Key word here  is ‘kept’.Today it broke to Rs 11.50 with fairly strong volumes of over Three lakh and Six Lakh Shares on BSE and NSE respectively. With over Rs 30 cash/share , as over Rs …

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‘Boodling’…What a Word for Counterfeiting !…and yes it’s an American Term !

Came across an American Term called ‘Boodling’ this morning while scanning one of the Investment newsletters that flood my email daily ‘BOODLING’ was a term used for ‘counterfeiting’ the Dollar In 1865,there were thousands of Banks in USA…all went bust…. 1600 of them actually printed their own Dollar Currency,which in theory was backed by Gold …

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UPA set to retain Power in India…Sensex Surge on Monday indicated

Within just two hours of counting,by 10 am, this morning it was clear that UPA was leading fairly strongly to retain power….By 11.30 am leads came in for all 543 Seats….UPA showed a superb 245 leads (+ 65),while the NDA showed 160 (-17) Congress led UPA should clearly get to the magic figure of 272 with little …

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Gold Tonnage held by Countries as a Percentage of their Fx Reserves

Official Gold Holdings as of April 2009 as per the World Gold Council   Country Tonnes Percent of Reserves 1 USA 8,133 78.9 2 Germany 3,412 71.5 3 IMF 3,217 N/A 4 France 2,487 72.6 5 Italy 2,452 66.5 6 GLD (Gold ETF) 1,104 N/A 7 China 1,054 1.6 8 Switzerland 1,040 41.1 9 Japan …

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Some Wednesday Wanderings !…May’s Heat Wave causing a Lot of Bouncing !…Kingfisher Airlines Cheques…Adnan Sami…Tata’s JLR Debt woes forcing sale of TCS Shares…and our Sensex !

While the ‘King of Good Times’ bounces around in South Africa with his Cheerleaders cheering his ‘Royal Challengers’ in the IPL,his Kingfisher Airlines Cheques are bouncing here in India as the Airline faces more severe Royal Challenges that surely should be of a higher Priority Have a look at the Times of India’s Mumbai Edition this morning…The’ve got …

Some Wednesday Wanderings !…May’s Heat Wave causing a Lot of Bouncing !…Kingfisher Airlines Cheques…Adnan Sami…Tata’s JLR Debt woes forcing sale of TCS Shares…and our Sensex ! Read More »

Sensex and Nifty up 50% in Six Months !…Where to now !

On September 27,2008,seven months ago the Sensex was 13000 and I had put up a contrarion blog https://www.gauravblog.com/?tag=contrarion-investment-strategy I had said the Sensex is moving towards a Distress Zone and will break below 10000 to provide a great opportunity to build wealth over the coming years…so one should bring in Fresh funds to top up …

Sensex and Nifty up 50% in Six Months !…Where to now ! Read More »

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