Dear Readers, Indian benchmark indices SENSEX and NIFTY are already down by 20%+ for the calendar year 2011, yet there is a lingering concern that what would happen if the FIIs were to pull out money like they did in 2008-09. Just to put things in perspective, FIIs pulled out close to Rs 47000 crore ($13 bn) in FY 2009 and the Indian market’s crashed by a whooping 60%+ while we are already down by approximately 20% for the year,…
Dear Readers, Whom would you follow or at least read about when it comes to generating wealth from stock investments? I am sure that almost all of you reading this would follow (at least partially) in the foot steps of those who have proved it to the world by generating enormous wealth for themselves and have experienced the volatilities and vagaries of market cycles for many years. At the recently held 16th wealth creation study organised by Motilal Oswal Financial…
Dear Readers, A few months back (on 14th Sep’11), while referring to Piramal Lifesciences Ltd (PLSL) and Piramal Healthcare Ltd (PHL) demerger arbitrage opportunity, we mentioned about some easy gains on the platter and yes the gains have truly come very easily and that too when the market is in a bad shape. Earlier on 14th Sep’11, when the opportunity was shared, PLSL was trading at a discount (Rs 86.00/- per share) in comparison to PHL (Rs 355.00/- per share)…
Dear Readers, Looking at the above illustration, you may have already decided that going forward you will not invest in IPOs, more specifically the smaller ones. However before you reach a final conclusion, why not learn some important details. Note: The below details, regarding modus operandi of operators were shared by Mr. Ashok Kumar, Chartered Accountant. A few months ago, an ex-student of mine, who is now engaged as an Equity Research Analyst with a prominent broking house cautiously asked…