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

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Poddar Developers Ltd…Self Development gone awry ?

Earlier called Wearology, and before that Monotona Exports,Poddar Developers has been a huge rollercoaster ride in the Movements of it’s Share Price on BSE in 2007 and 2008…In 2007 itself, from a low of Rs 23  it literally was pulled aggressively to an all time high of Rs 320 ….SEBI even issued a Show cause …

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Sensex drops 15.95% and near 2000 points this week to close at 10528

From a Sensex close of 12526.32 on Friday, October 3,2008,it has plunged another 15.95%  and 1998.47 points to close today at 10527.85…In fact today itself it lost 801 points.This is keeping in tandem with similar and worse falls in all World Markets this week too Now this is what I’m waiting for !…another 2000 points fall next week …

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ICICI Bank Jt MD ,Ms Chanda Kochhar comes on CNBC to reassure

ICICI Bank’s Jt MD and CFO,Ms Chanda Kochhar just appeared on CNBC in a call in converstaion with the Anchors…Clearly through all her calmness and reassurances there was an underlying and urgent  plea to Depositors and Shareholders and Investors not to Panic and fall prey to the rampant rumour mongering going on With the Share Price …

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IS INDUSTRIAL RECESSION SETTING IN EVEN IN INDIA ?

Shocking IIP Nos for August 2008 were released today.On a yoy basis the overall industrial growth is a mere 1.3 % against 10.9 %  SHOCKING IIP GROWTH FIGURES IN %  FOR AUGUST YOY Sector Growth % in August 2008 Growth % in August 2007 Overall Industrial Growth 1.3 10.9 Manufacturing 1.1 10.7 Mining 4 14.7 Capital …

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There Was Just No Place to Hide as even BLUE Chips turned Stark RED

The Plunge in even the BLUE Chips shows that there was just no place to hide in Indian Equities in 2008…no matter what is your risk profile.Top Five such selections all plunged into the RED On January 10,2008 our Sensex recorded an all time high of 21206.77 but closed lower at 20582…From this date till now …

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