A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Government got Gold with Coal India’s IPO last month…It was a Win Win Situation all around…as Issue Size was huge the Retail Segment was oversubscribed 2.3 times and also benefited from the rollover of the unsubscribed Employee Quota …so allotments were good…max 199 shares at Rs 245 less 5% discount And Now we have the IPO of …
Sensex continues to seduce….is up 376 points today at 20445…Pre Diwali Fireworks fuelled by Coal perhaps !….a not so subtle reference to the Mega IPO of Coal India that opens on October 18….sentiment has to be kept sizzling ….and FIIs have already started celebrating Diwali a month or two early by intensifying wholesale buying of ‘Phatakas’ (stocks) and torching …
Tuesday Tale No 1 Have you ever been extended an invitation on Sunday evening for a Tuesday Dinner by Close Friends?…and you land up at their Residence on Tuesday and find the Hosts had simply forgotten about their Invite ! ? It happened to us yesterday…My Wife and I were invited by really close friends for Dinner…just the four of …
Several Times I had strongly recommended IFCI as a multibagger….. starting at Rs 16 in December 2006….It raced to Rs 130 levels as the Government called for bids to sell a Strategic Stake in it….A Joint Bid by Sterlite and Morgan fell through as the Government was not transparent on Conversion of Institutional Debt to Equity ……this …
IFCI at Rs 58…..Interest Reviving yet again…Rs 100 + inside a year ? Read More »
This is what I had blogged on October 27,2008 Some Pundits called Sensex of 12000 irrational…some saw irrationality at 10000…So what would they call 7500 ! ? …Begin to slide in now We saw the Sensex again collapse to 8000 levels in March 2009 after reviving from October end 2008 lows…Then we had the Elections and …
I hope you blog regulars out there are enjoying this great run in Aftek (from Rs 6 to Rs 17.75 and climbing), Firstsource (From Rs 9 to Rs 28 and climbing ) and IFCI (From Rs 22 to Rs 53 and climbing) All have soared again today Enjoy