A Lion’s eye on the Bulls and Bears

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

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‘Tainted’ Telecom Minister A Raja ! ? The Conviction grows stronger…for his deliberately ‘gifting’ the 2G Licenses on a First Come First basis for just Rs 1000+ crs when the current auction of 3G Licenses has fetched over Rs 16000 crs!

In November 2008,I had covered in two blogs,what our Telecom Minister,A Raja had blatantly done….he had gifted 2G Licenses to vested interests at a pittance…just over Rs 1000 crs,when he could have got ten times more for the Government

Today, after a 34 days auction process it has been announced that the 3G Licenses auction has fetched the government over Rs 16000 crs !…..the 2G Licenses Question that has always been asked of A Raja now becomes really rhetoric !  

Yet A Raja continues to be supported by the PM and remains the Minister in the UPA Government….CBI even has some telephone voice recordings of leading TV News Hosts discussing with Ministers and Power Brokers in the Capital on how to favour D Maran or A Raja as the Telecom Minister…Bloody Shame ! The Government and therefore We,the People of India have been deprived of Thousands of Crores for the 2G Licenses

These were my earlier Blogs on this  2G Telecom Scam

Ctrl.Alt.Del….We need to Re-Boot November 17,2008…I had linked Paranjoy Guha Thakurta’s Telecom Scam expose in the Asian Age on this…but find Asian Age has since removed this link

Conspiracy of Silence : The Officially sanctioned loot of Rs 60000 crs in the Telecom Sector ! November 4,2008….I have referred to V Kapoor’s Telecom Scam expose in ‘the Afternoon’

It’s ostensibly Coalition Politics Blackmail at it’s worst !

Sad !….just saw a smug A Raja on TV…he’s probably taking credit for 3G,having deliberately wasted the 2G opportunity….and he’s not being made accountable for it ! 

But what 3G Auctions has done is got Rs 70000 crs for our FM…he had provisioned for Rs 35000 crs…but has got twice the amount !…it’s been a spectacular auction


Sugar Sweet…no diabetes in sight (Green Light)…..Telecom Voice Breaking (Red Light)…..IT dropping with the Dollar (Orange Light)

The Trafiic Signals are clearly at work in these Three Sectors….It’s Green for Sugar,Red for Telecom and Orange for IT

Sugar Stocks are at just 3 Million tonnes…that’s going to last  a month and a half…India consumes 2 million tonnes a month….Last year we produced a record low ! of below 15 million tonnes and had to import…This year our production will be marginally higher at 16 million…we will yet have to import…half of the imports have gone through…half remain….so sugar prices will have to come to import parity and then remain in the Rs 32 to Rs 35  per kilo range for the coming year….if not more !….the sector is on a roll

Telecom is facing Intense competition….margins are going to drop significantly as cheaper and cheaper schemes get announced…great for the consumer…not so great for the Company…and companies hope to make it up by increased volumes….there remains a big question mark on this strategy…..Bharti ,Rel Com scrip prices are justifiably dropping

IT….Rupee to the US Dollar was Rs 52…now Rs 48…expected Rs 42 in the next six months….so expect continuing dollar depreciation to impact IT Scrips…Tomorrow Infosys begins the Q2 Earnings Announcement Season….let’s see what their Gurus say

Reliance Equities International launches it’s Model Equity Portfolio for India…Thinking is Defensive and unDynamic…very unReliance like…I would say it’s even flawed !

Just perused the Model Equity Portfolio for India that Reliance Equities International has launched.It’s been authored by their Head of Research

Excited to know what’s in it ! ?…more  so after I tell you that the Report is titled ‘Boom and Bust’ with the tagline ‘Resistance is Futile’ !?

Turned out to be a Dampener really…no Originality at all ! …very unReliance like ! if I can say so !

The Portfolio has got 36 scrips chosen with the following criteria

  • The benchmark is the Sensex
  • No one scrip should weigh more than 10% of the Portfolio
  • Those scrips that weigh individually more than 5% of the portfolio should not collectively weigh more than 40% of the Portfolio
  • Liquidity in the Scrip must be there and the threshold is an average weekly trading volume of 4 lakh shares in the scrip
  • Sector Allocation done on basis of current view which is Overweight on Energy,Materials,Consumer Discretionary and Healthcare and Underweight on Consumer Staples,Telecommunication and Utilities and Marketweight on Industrials,Information Technology and Financials 
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