A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
TCS closed at Rs 433 today…It should open firm on Monday This evening it has announced an excellent First Quarter FY 10,despite pressure on billing rates On Revenues of Rs 7207 crs,the PAT is Rs 1534 crs,up 15% qoq and 19% yoy.The EPS is Rs 7.83…This gives a Market Multiple of less than 14…Infosys is 18+…so […]
Mahindra Holidays and Resorts India Ltd (MHRIL) was listed on NSE today….It was issued at Rs 300 and the Issue was comfortably oversubscribed A freak trade saw a High of Rs 374.50 and a low was registered of Rs 311.35…but it closed at Rs 313,towards the Day’s Low 12.74 Million shares were traded and the
I have audited a Wadia Group Company and lived the 1980s and 1990s through the bitter rivalry between Nusli Wadia and Dhirubhai Ambani….so it was with some Interest that I read Nusli Wadia’s Article and Interview in today’s edition of the Economic Times…..Brought back some Memories He has chosen to be interviewed and communicate now after so many years..and amusingly he
‘Dilettante’…an Interesting Noun…Oxford Dictionary meaning is ‘ a person who dabbles in a subject for enjoyment’ and is pronounced ‘di-li-tan-tay’ A New Book,‘Spies: The Rise and Fall of the KGB in America’ by John Earl Haynes and Harvey Klehr reveals that famous author,Ernest Hemingway was a ‘dilettante spy’ for awhile.This revelation is based on the notes of Alexander Vassiliev,a
Ernest Hemingway was a ‘Dilettante’ KGB Spy !…I could have gone down that route too ! Read More »
Infosys declared It’s Q1 FY 10 Results this morning…….as per IFRS……..as per Indian GAAP I don’t see any headwind in Infosys…I will be surprised if it climbs more from the current Rs 1750 levels….Infact I expect it to drop below Rs 1500…..Read on to understand my thought track It has managed to show a little higher Basic EPS at
Watch out for Tomorrow ! Rains are not falling…but post budget the Sensex is…..From 15100 levels on Monday before Pranab Mukherjee began his budget speech to @ 13750 at closing today Come tomorrow,Infosys is expected to provide a cautious guidance and a Q1 EPS of under Rs 24.These Results may just be the cue for a
Watch out for Tomorrow…Infosys Results may be the cue for Sensex to correct further Read More »