A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
What a salute to the Congress and the UPA win in the General Elections ! Sensex saluted with a straight Upper Circuit 10.73% surge on opening…It’s just a shade below 13500….The Nifty had done even better…hitting the second upper circuit of 15% on opening and is over 4200….Markets are to reopen at 11.55 am I …
What’s got this Sensex so excited that it surged 50% from 8000 to 12000 in two months !? Earnings ? Elections ?…..what’s so exciting ? Nana Chudasama’s Banner on Marine Drive in Mumbai states ” EXCITING ELECTIONS…SURPRISES,SHOCKS,SUICIDES”…….Surely you don’t find Suicides exciting ! Barely had the Fifth and Final Phase of Polling closed yesterday,several Exit Polls came out fast….predictably predicting …
Don’t Short this Market ! Fundamentals and Valuations are being shrugged of by Increasing Liquidity and Inflows…This momentum is driving the Nifty and Sensex to new recent highs Two Leading Broking Houses have literally overnight turned very bullish and talk of a Sensex range of 12500 to 14500 in the near term Maybe they know …
Don’t Short this Market !..you’re up against Momentum driven by Liquidity Read More »
Is India really defenceless against Currency Rate Fluctuations !?…Are RBI measures in this regard merely cosmetic as determining factors are not in their control ? Well it certainly appears so if you reckon that the chief determinant of the rate is the quantum of Dollar Inflows and outflows A Report released yesterday by HSBC Holdings Plc from Singapore …
Is India really defenceless against Currency Rate Fluctuations !? Read More »
Very Cleverly,as is also not mandatory,Firstsource Solutions has avoided stating the Reserves position for the Nine Months ended December 31,2008 in both their Consolidated and the Standalone Results Firstsource Solutions has a current Equity of Rs 428 crs and had Consolidated Reserves of Rs 313 crs and Standalone Reserves of Rs 201 crs as at March …
Thx Anup for your response in the earlier Larsen Blog where you also requested for my view on Firstsource Solutions as it’s share price sunk to Rs 9.75,below face Value of Rs 10 for the first time ever I hope this blog gives you some clarity on this Company It was clearly an Opportunistic IPO at …
Firstsource Solutions from the ICICI Stable sinks below Face Value Rs 10….Why !? Read More »