A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Last night,I caught up with the Chairman of one of India’s leading Diamond Companies….and he is worried about the further fate of the US $ inside a year from now ! The Diamond Industry is an export oriented and value added one…..Roughs are imported…polished and exported….The Imports were left unhedged but exports were hedged as Dollar …
Diamond Industry Devastated by Short Term US Dollar Rise Read More »
Lok Housing is on lower circuit at Rs 24.35 today on the BSE on news that it is facing an Income Tax Liability of Rs 100 crs on Income that was not disclosed On July 7,2008,I had blogged on Lok Housing crashing from Rs 400 to Rs 44 inside six months querying as below “What’s …
Lok Housing now faces Rs 100 crs Income Tax Liability on undisclosed Income Read More »
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 …
Poddar Developers Ltd…Self Development gone awry ? Read More »
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 …
IS INDUSTRIAL RECESSION SETTING IN EVEN IN INDIA ? Read More »
The BSE IT Index opened this Year in January at 4519 and today it has recorded an intra day low of 2566 In just over Nine Months this Year it has plunged by 43 % How did this happen despite the Rupee depreciating a record 25% against the Dollar this Year.The Rupee was at Rs …
IT Stocks freefalling despite the Rupee depreciating a record 25% this Year…Why ? Read More »
Our Sensex Reached an intra-day high of 21206.77 on January 10,2008 this year,but had registered ahighest closing of 20873.33 just two days earlier on January 8,2008 To gauge the Erosion in Equity on the Bombay Stock Exchange from January 8,2008 to September 30,2008 just have a look at the Indices Table Below…Buffett just commented that USA is …
FY 2000/1 Being Repeated….Huge Erosion in Equity in 2008 till Date Read More »