A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Nitin asks about ~ Tide Water Oil (TWO) at Rs 6750 and Shree Renuka Sugars (SRS)at Rs 25+ at subdued Sensex and Nifty levels of sub 16200 and 4900 respectively My Views on these two Scrips are contrasting….. TWO continues to be solid despite some margin stress,while SRS has disappointed greatly and eroded by 70% …
“ The difference between perseverance and obstinacy is that one often comes of strong will, and the other from a strong won’t ” From 16000 and 4900 respectively are the Sensex and Nifty Persevering to Move Up or are they Obstinate not to Move Down!? As I blog @ 1 pm the Sensex is 16364 and …
Now you know why I’ve not been, of late, Valuing IPOs on this Blog …because of the high probability of them being withdrawn either because they are unworthy in the first place or simply overpriced or dangerously both ! IPO Woes continue…another one bites the dust…Plastene India withdraws issue as received poor response…Yesterday evening,Book Running …
Sensex sinks 2.33% and 395 points to close at 16518 at 3.30 pm,although the adjusted close is down 366 points at 16546…..retracing all it’s misplaced elation yesterday on deferment of General Anti Avoidance Rules (GAAR) Yesterday the Sensex showed a remarkable bounceback from negative to positive to close near 17000 at 16913 just because FM …
Expected Weak Weekly Sensex Opening….drops @ 300 Points and struggling to stay over 16500…French Connection ? Socialist Francois Hollande has won the French Presidential Elections beating the incumbent Sarkozy….Hollande is against Euro Zone austerity measures and wants to renegotiate the Eurozone Austerity and Bailout Package…seeks to meet Chancellor Angela Merkel of Germany right away as …
The Idea of this Blogpost is not to rub salt on the wounds but to again expose the twins Greed and Fear that characterize our markets …either the two BRLMs grossly overestimated their own ability or they grossly underestimated the intelligence of Investors or both ! IPO of Samvardhana Motherson Finance Issue closed today grossly …