A Lion’s eye on the Bulls and Bears

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

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Sensex at 11200 ! Risk to Continue Riding the Momentum is High…Caution Indicated

Sensex has climbed above it’s 200 DMA Levels and is currently 11200,pushing upwards…Nifty too is at 3450 levels Caution is advised…We’re now at 13 times…Elections are on us and the mandate is unclear…Infosys has just announced lower earnings expected for FY 10…Satyam legal hassles begin playing up in June with the Upaid Trial….India’s Fiscal Deficit […]

Sensex at 11200 ! Risk to Continue Riding the Momentum is High…Caution Indicated Read More »

Wicked ! Wicked ! Wockhardt on a Wednesday Morning !

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 »

Ongoing Akruti Squeeze Fiasco reflects all that’s wrong in our Stock Markets !

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 »

America continues it’s Absurdity…AIG declares an Employee Bonus of US $ 165 Million !

Check this out on http://www.slate.com/id/2213936/ Yet being Bailed Out  AIG, has got  US President Obama boiling ,yet helpless…..It has received Billions in Bailouts to keep afloat…and yet has just declared Employee Bonus of US $ 165 Million…says it is a contractual obligation ! And guess what !…they think they need to give it ,otherwise this will disgruntle employees

America continues it’s Absurdity…AIG declares an Employee Bonus of US $ 165 Million ! Read More »

Breaking News ! ….RIL and RPL Boards to Meet on March 2,2009 to consider and recommend that RPL amalgamates into RIL!

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

Breaking News ! ….RIL and RPL Boards to Meet on March 2,2009 to consider and recommend that RPL amalgamates into RIL! Read More »

Ernst & Young did Maytas Properties Valuation of Rs 6523 crs in just one Day !?

Just read a very interesting update on Maytas Properties in todays’ edition of Financial Express Maytas Properties is facing the prospects of the Government taking it over the Board,just as they did for Satyam The matter was being heard by the Company Law Board (CLB) and the company’s counsel suggested that the Government could appoint an observer

Ernst & Young did Maytas Properties Valuation of Rs 6523 crs in just one Day !? Read More »

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