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

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VALUATION

Amusing…Punj Lloyd…’Sell’ says one arm of a leading Broking House…’Buy’ says ‘Private Client Group’ of the same Broking House !…both on fundamental grounds and both recommendations on same day ,May 31,2010 !

It needed a leading Broking House to liven up and entertain us and provide a chuckle while the markets swing around ! On May 31,2010 this Broking House gave a Fundamental Call Report to ‘Sell’ Punj Lloyd at Rs 137 with a down target of Rs 97 On the same day the ‘Private Client Group’ arm …

Amusing…Punj Lloyd…’Sell’ says one arm of a leading Broking House…’Buy’ says ‘Private Client Group’ of the same Broking House !…both on fundamental grounds and both recommendations on same day ,May 31,2010 ! Read More »

Insurance Sector Reforms on anvil…FDI to be upped from 26% to 49% soon?…Keep a watch on Bajaj Finserv at Rs 449

Keep a watch on Bajaj Finserv…it’s the holding company for the Life Insurance and General Insurance Jvs with Allianz Group….It’s at Rs 449 today…52 week High/Low is Rs 557/250 with all time high of Rs 999 reached two years ago in May 2008…FV is Rs 5…Capital is Small at Rs 72 crs….Strong Upward Movement is …

Insurance Sector Reforms on anvil…FDI to be upped from 26% to 49% soon?…Keep a watch on Bajaj Finserv at Rs 449 Read More »

Wow ! Napolean Bonaparte’s Preserved Penis worth US $ 100000

Paulo ‘The Alchemist’ Coelho fascinates me….”If you chase your dreams,your dreams will chase you”…Wow ! love visiting his blog…he’s embarking on a spiritual retreat from tomorrow for a few days and will have access to the internet for only 20 minutes everyday…uncanny coincidence !…because I too am doing the same later this week ! Caught …

Wow ! Napolean Bonaparte’s Preserved Penis worth US $ 100000 Read More »

Standard Chartered Bank INDIAN DEPOSITORY RECEIPT…Looking Beyond the Financials…At the Exchange Risk Involved…What if the Rupee Appreciates !?

I’m Looking Beyond the Financials here…..at the Standard Chartered Bank (SCB) INDIAN DEPOSITORY RECEIPTS (IDRs) Issue….am not inclined to recommend Investment,although the Pricing looks reasonable and it will not form part of the Overseas Investment Annual Limit of US $ 200k per Indian Citizen….probably a contrarion here as all seem to be recommending the IDR….I’m a bit …

Standard Chartered Bank INDIAN DEPOSITORY RECEIPT…Looking Beyond the Financials…At the Exchange Risk Involved…What if the Rupee Appreciates !? Read More »

‘Tainted’ Telecom Minister A Raja ! ? The Conviction grows stronger…for his deliberately ‘gifting’ the 2G Licenses on a First Come First basis for just Rs 1000+ crs when the current auction of 3G Licenses has fetched over Rs 16000 crs!

In November 2008,I had covered in two blogs,what our Telecom Minister,A Raja had blatantly done….he had gifted 2G Licenses to vested interests at a pittance…just over Rs 1000 crs,when he could have got ten times more for the Government Today, after a 34 days auction process it has been announced that the 3G Licenses auction has …

‘Tainted’ Telecom Minister A Raja ! ? The Conviction grows stronger…for his deliberately ‘gifting’ the 2G Licenses on a First Come First basis for just Rs 1000+ crs when the current auction of 3G Licenses has fetched over Rs 16000 crs! Read More »

Tayals of Bank of Rajasthan are having their Cake and eating it too in the Amalgamation with ICICI Bank!

Ostensilbly under great pressure to vacate the banking field,the Tayals of Bank of Rajasthan are having their Cake at eating it too! The Board of Directors of the Bank at their meeting yesterday have given an in-principle approval to amalgamate the Bank with ICICI Bank The important issue here was what would the swap ratio be….Mrs …

Tayals of Bank of Rajasthan are having their Cake and eating it too in the Amalgamation with ICICI Bank! Read More »

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