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A Lion’s eye on the Bulls and Bears

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

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Scary October 2008…Sensex Oct 1:13056….Oct 27: Down 41% to an intra-day low of 7697….Oct 31: Bounce back 27% to close at 9788 in just three trading days…..so is the worst over ?

This week began with the Sensex recording an intra-day low of 7697 on Monday and it has closed up 27% from this low  to illuminate this Diwali week by a bounce back of 2091 points October 2008 itself has been a very scary month…The Month began on October 1,2008 with the Sensex closing at it’s highest for the month…13056…It’s …

Scary October 2008…Sensex Oct 1:13056….Oct 27: Down 41% to an intra-day low of 7697….Oct 31: Bounce back 27% to close at 9788 in just three trading days…..so is the worst over ? Read More »

Lok Housing now faces Rs 100 crs Income Tax Liability on undisclosed Income

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 »

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 …

Poddar Developers Ltd…Self Development gone awry ? Read More »

FY 2000/1 Being Repeated….Huge Erosion in Equity in 2008 till Date

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 »

U S A…..United States of Abattoirs ! ….Strategy going forward

USA…What a slaughterhouse !…Bears & Sterns….Now Lehman,Merill Lynch,American International Group…all inside two days….with more to come !….Comical really…those who lived in Glass Houses were throwing stones at others…..Their Reports were always revising or even reversing estimates and projections and strategies advised earlier to justify every share price rise and fall !….how could you then sensibly …

U S A…..United States of Abattoirs ! ….Strategy going forward Read More »

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