A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Wockhardt continues to be Wicked…. dropped over Ten percent this Wednesday Morning to Rs 71 levels….Shareholders who believed in the Khorakiwalas have been clearly betrayed Khorakiwalas had been on an ambitious acquisition foray,creating a global footprint by buying out companies in USA and Europe…It bought out Pinewood Laboratories of Ireland for US $ 150 Million in …
Wicked ! Wicked ! Wockhardt on a Wednesday Morning ! Read More »
In thirteen trading days from an intraday low of 8047 on March 6,2009,the Sensex is once again kissing 10000….moving up near 25% Getting a lot of calls…basically to make some sense of this rally Is this the beginning of the recovery and have we seen the Bottom of 8000 for the Sensex and the October 27,2008 …
The Folly of allowing a Real Estate Company like Akruti trade in the F & O Segment despite a low floating stock of under 2% is now being realised….The Share Price has crossed Rs 2200 !….Nothing to do with Fundamentals though ! I have covered Akruti in earlier Blogs on August 27,2008 and November 8,2008 …
Ongoing Akruti Squeeze Fiasco reflects all that’s wrong in our Stock Markets ! Read More »
It’s not that Reliance Capital Mutual Fund always does exactly the opposite of what Indiabulls recommends ! United Breweries (UB) was recommended to sell at Rs 90 by Indiabulls with a target price of Rs 70,citing high Leverage and margin pressures Reliance Capital Mutual Fund and another Fund,Indea Absolute Return Fund ,actually went ahead and purchased …
On Friday,after Markets closing,RPL and RIL announced that their Boards would meet this morning to consider and recommend the Amalgamation of RPL into RIL I had blogged that the ratio could be 20:1 and the Amalgamation would add incremental EPS to RIL and help RIL Share Price to be maintained or enhanced The Amalgamation Ratio …
Ambanis of Reliance have adopted this modus operandi without fail the past 25 years…They create new companies for similar business…and when they commence production,they amalgamate them into the Parent, RIL…in a sense give birth to Children and bring them back into the Parent fold So I was not surprised at all when the Breaking News hit that …