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 …
Don’t get influenced and unduly excited by placements of part of their stakes by Promoters of DLF (at Rs 230) and Suzlon (at Rs 77) especially, and of TCS (at Rs 627)…..They have sold shares now as they desperately need funds and can’t raise it any other way……The Credit Crunch and Contraction has simply overwhelmed the corporate sector …
DLF,Suzlon,Tatas…Stress Stake Sales at Stress Prices in Stress Times Read More »
While the ‘King of Good Times’ bounces around in South Africa with his Cheerleaders cheering his ‘Royal Challengers’ in the IPL,his Kingfisher Airlines Cheques are bouncing here in India as the Airline faces more severe Royal Challenges that surely should be of a higher Priority Have a look at the Times of India’s Mumbai Edition this morning…The’ve got …