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April 2014

April Sensex or April Fool Sensex !?

April Sensex or April Fool Sensex !?

In the end ,the Sensex seems to have hardly gone anywhere in April though it recorded a 1% from Opening on April 1,2014 to today closing on April 25,2014 and a  3% intra-day Low to High marked by Red and Green respectively in six trading days  …a Month that saw 2014 General Elections begin ,Ukraine Crisis Intensify , FIIs Infows strengthen to begin with only to belie later and the Full FY 14 and Q 3 FY 14 Results declaration by Top 4 IT Companies and Bellwethers like Reliance  and even Volatility VIX cross 30 on a day !….and even recorded all time Highs !

Managed ?Controlled? or just taking a Breather?

Date

Open

High

Low

Close

1/04/14

22,455.23

22,485.77

22,295.65

22,446.44

2/04/14

22,550.58

22,592.10

22,473.46

22,551.49

3/04/14

22,598.19

22,620.65

22,369.28

22,509.07

4/04/14  week ending Friday

22,522.46

22,525.21

22,339.40

22,359.50

7/04/14

22,355.56

22,481.62

22,197.51

22,343.45

9/04/14

22,389.21

22,740.04

22,379.95

22,702.34

10/04/14

22,729.46

22,792.49

22,644.43

22,715.33

11/04/14 week ending Friday

22,642.05

22,679.18

22,526.89

22,628.96

15/04/14

22,698.09

22,737.31

22,416.24

22,484.93

16/04/14

22,486.73

22,533.61

22,247.39

22,277.23

17/04/14 week ending Thursday

22,327.76

22,648.69

22,312.19

22,628.84

21/04/14

22,644.75

22,795.58

22,636.75

22,764.83

22/04/14

22,771.24

22,853.03

22,727.63

22,758.37

23/04/14

22,783.65

22,912.52

22,780.13

22,876.54

25/04/14 week ending Friday

22,892.50

22,939.31

22,656.64

22,688.07

Sympathise with all those who stay glued to Stock Channels all day and get influenced by Micro and Macro Ideas…Macro Play at least has not been rewarding unless you rode the volatility well….and I don’t believe you did ! or for that ,matter any one can with consistency !

Wonder how these Channels churn out Content for hours on end day after day !…even those who work for them must be getting tired !

Short Sighted? Far Sighted? …all Puns fully intended !….whatever! bottomline is whether monies have been made or lost !

On to last few days in April next week and then May and May 16 when the General Elections Outcome will be known

Cheers !

What a lovely Voting Day !

😆 What a lovely Voting Day !….from conversing with Common Citizens to the ex Governor of Odisha !

😥  ……though the day began tinged with some sadness as a close friend lost her father early morning and I, though shaved and bathed for that fresh clean look, deferred Voting till afternoon and rushed to the Shivaji Park Electric Crematorium

🙂 …my 18 year old daughter was voting for the first time and she eagerly did so in the morning itself

I returned ,bathed again for that fresh clean look again

🙄 …..enquired with my Thursday Dhobi about his Children and why he had not gone to his Village this summer like he always does….he said he had allocated his savings for his son’s NIIT Computer Class which cost Rs 150000 but would cost him Rs 60000 in monthly instalments of Rs 8000 as he had shown them his Caste Certificate…he did not have the Monies to go home this summer….he asked for a glass of water saying this was the fourth house today and at each he had drunk a glass of water as it was really hot in Mumbai….Instead I made him some Iced Tea and he loved it !

😐 ….then left for my Polling Booth and Voted at @ 1.30 pm….Another elderly gentleman with a walking stick went straight ahead of the queue and was rightly allowed to vote immediately…..When my turn came ,I graciously offered a senior lady  sitting at the entrance to the polling booth,who could not walk and found it difficult to even stand in the queue,to go ahead of me to vote,but was quite rudely told by another senior citizen couple behind me that she was not in queue like them and why should she go ahead !…I even graciously told this couple they could go ahead of me but they were adamant that they will go only after me !…the lady,not wanting to create a scene, sat down again at the entrance with me shaking my head in annoyance !….It was Seniors v/s Seniors situation !…how intolerant and impatient our society has become …and there were @ 20 in the queue who witnessed this including Ronnie Screwala of UTV and Walt Disney fame and his wife…..not all seniors deserve graciousness ,especially if they are demanding and display intolerant,  critical and bickering behaviour

🙂 …..was chatting with the polling agent who checked my credentials …when I enquired how was the Voter turnout  he told me 400 had already voted before me of the 1000 Voters registered on their list for that Room in the Polling Booth….Actually I was the 387th Voter….Wow ! that’s nearly 40% already by 1.30 pm and they were expecting it to go over 60% by end today…In 2009 the Voter turnout was @ 40% and even at this Booth it had taken just 5 minutes then…today it took me half an hour….More Voter turnout in Mumbai means a decisive vote in the six constituencies read more

Show You Voted & get 50% off your Meal at Popular Veg Eatery Cream Centre in Mumbai

Just drove past Chowpatty Seaface on way to Office and noticed  a Banner put up on the Popular Veg Eatery ‘Cream Centre’…their Chole Bhatura is oooooo super !…..it said ” Show You Voted & get 50% off your Meal” …that’s the indelible special black ink mark on your finger 

Tomorrow Mumbai Votes in the General Elections…..and nice thought by ‘Cream Centre’…they’re always full at meal times even on week days and so they need not offer such a tempting discount…the waiting is normally an hour….tomorrow I guess it may stretch to two hours !….Even next door Veg & Proud ‘New Yorker’ that is famous for Mexican and Italian is owned by Cream Centre Owners….they thrive on  Gujjus and Marwaris who love both these joints for years and keep coming back

Just a Thought !…Imagine the Profit Margins of these Eateries that they can offer such a discount easily that they don’t really have to give it a second thought !

🙂 Great Marketing by them to kill so many birds with one stone…do their bit for urging people to go and vote while strengthening their brand,loyalty and popularity too

I’m going to Vote Great Value and Eat Great Value !….anyone who has voted care to join me at Cream Centre !?

🙂 Value Investor Warren Buffett would surely approve !

Insider in Crompton Greaves doubling in months in 2014 to Rs 190?

Insider in Crompton Greaves doubling in months in 2014 to Rs 190? 

All the Rise can neither be explained by a favourable impact of the Company turning back into a Consolidated Black in FY 14 from a Consolidated Red in FY 13,the first loss in 10 Years nor can it by the positive effect of the buyback exercise

Standard Clarifications sought by BSE & NSE from the Company based on two Economic Times articles in mid March 2014 and  mid April 2014 on Promoter Thapar seeking to exit  and Standard Responses from the Company !

Check out a detailed write up on this in the SCRIP STANDPOINT Module on www.jsalphaa.com

Company does not know if the Promoter is seeking to exit!? Really !?….It’s as if  Thapar is only the Owner but the Company is not managed by him !…and we know that’s not the case !…he is the Chairman and Laurent Demortier is the CEO & MD 

Why can’t the Exchanges & SEBI seek Clarifications from Promoter Gautam Thapar and Goldman Sachs entrusted to seek Buyers for the Thapar 42.7% Equity Sake !? …they did not respond to Economic Times Questionnaire while the Reporters were writing their Story as they were not legally bound to do so

Need to revise or amend,if not already  a part of,  the Listing Agreement,Insider Laws,Securities Act,Companies Act and even the Substantial Acquisition & Takeover Act to make Exchanges also approach the Promoters and the Investment Bankers and even the Media who reports on such stories for  mandatory seeking compliance and other relevant information

Meanwhile Crompton Greaves yet has some ground to go towards Rs 250 if  one has to believe that Thapar wants a certain Valuation that indicates a price @ 50% higher than current price of @ Rs 190 ! 

Check out the detailed write up linked above and you’ll know what I mean !

Those who Sacrifice were Sanyasis….Now they are termed as Businessmen & Bankers & Brokers

😆 Hundreds & Thousands of  Years ago those sacrificing their friends, family, fun, food, laughter, sleep & other joys of life were called
“SANYASIS”….Now they’re called  Businessmen,Bankers & Brokers !

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