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Moneycontrol >> Messageboard >> General >> Business Talk
   You are here :     Moneycontrol     MMB   General   Business Talk

Business Talk

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13 Oct 2008 23:50

Kumar Mangalam Birla, Aditya Birla Group, feels Hindalco's rights issue was wrongly timed. "It’s a great stock, it’s a great company with very strong fundamentals. If not the lowest cost producer, it’s one of the lowest-cost producers of aluminium in the world and the intrinsic value of the share is much higher than the rights price."...

13 Oct 2008 23:48

It may be not to the best interest of its customers but could help investors and share holders....

In reply to:

Kingfisher, Jet to tie-up for local, int'l routes: Sources

Posted by : MMB Messenger

Vijay Mallya and Naresh Goyal are meeting at the Jet Airways headquarters in Mumbai, reports CNBC-TV18 quoting sources. A major deal is expected between Jet Airways and Kingfisher.

13 Oct 2008 23:48

Vijay Mallya and Naresh Goyal are meeting at the Jet Airways headquarters in Mumbai, reports CNBC-TV18 quoting sources. A major deal is expected between Jet Airways and Kingfisher....

13 Oct 2008 23:22

hembhat-The ruthless FII`s might have sold today also!!!They want to sell at every rise and destroy Indian Publics wealth!!...

In reply to:

IIP at Aug at 1.3 agaist 10.9% (YOY)

Posted by : hembhat

I suspect that investors sold today in the rising market. Such bounces do take place but are not indicator of trend. Market was heavily sold that SEBI just said that it may think of banning short sales, so shorts were covered. I am now afriad that SEBI will not do anything after good bounce back. By October end Nifty may touch 3000. Dow will recover tonight. But here tomorrow at Nifty 3550 shorts will be created. FIIs are still in sale mode and they have holding of $ 90 Bn still. So another $ 10 Bn outflow is not ruled out in the next 2 months. Midcaps are very dangerous at this stage. Front liners would be sold by FIIs but there is liquidity in them. DIIs can always buy them.

13 Oct 2008 18:12

Prakash Gupta, CEO of Core Projects said that the promoters’ holding in the company was intact and that no margin calls had been triggered. He attributed the fall in share prices to the unwinding of HNI positions....

13 Oct 2008 16:54

hembhat-All that you say is a distinct possibility!!...

In reply to:

IIP at Aug at 1.3 agaist 10.9% (YOY)

Posted by : hembhat

I suspect that investors sold today in the rising market. Such bounces do take place but are not indicator of trend. Market was heavily sold that SEBI just said that it may think of banning short sales, so shorts were covered. I am now afriad that SEBI will not do anything after good bounce back. By October end Nifty may touch 3000. Dow will recover tonight. But here tomorrow at Nifty 3550 shorts will be created. FIIs are still in sale mode and they have holding of $ 90 Bn still. So another $ 10 Bn outflow is not ruled out in the next 2 months. Midcaps are very dangerous at this stage. Front liners would be sold by FIIs but there is liquidity in them. DIIs can always buy them.

13 Oct 2008 16:44

These statements by Mr.Kamath is very good and assurance that great bank like ICICI bank are made once in Century.Its very unpatriotic that some brokers are talking bad about this bank and also spreading bad rumors.I doubt the credibity of these brokers..how much they know about ICICI bank and about there exposure..they are unnecesaarily spreading rumors..government should send clear message to these brokers to be careful about spreading rummors..if they are found culprit..they will be send behind bars..as what they are doing is very unpatriotic...they are spreading rumors about other institution..Our Country need bank like ICICI bank , which can compete with other banks in the world...Cheers to Mr.KV Kamath..Keep it up ..we investors are with You SIR...Count us.....

In reply to:

Rumours intended to destabilize ICICI Bank: KV Kamath

Posted by : MMB Messenger

KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.

13 Oct 2008 16:20

I suspect that investors sold today in the rising market. Such bounces do take place but are not indicator of trend. Market was heavily sold that SEBI just said that it may think of banning short sales, so shorts were covered. I am now afriad that SEBI will not do anything after good bounce back. By October end Nifty may touch 3000. Dow will recover tonight. But here tomorrow at Nifty 3550 shorts will be created. FIIs are still in sale mode and they have holding of $ 90 Bn still. So another $ 10 Bn outflow is not ruled out in the next 2 months. Midcaps are very dangerous at this stage. Front liners would be sold by FIIs but there is liquidity in them. DIIs can always buy them....

In reply to:

IIP at Aug at 1.3 agaist 10.9% (YOY)

Posted by : chief_kamani

hembhat-From today things could have changed as Investors are nibbling in at lower levels!!

13 Oct 2008 15:55

I think this is a very good article to read for the people who have been acting in panic against there deposits in ICICI bank . People do read it carefull and try that someother cannot take advantage of it....

In reply to:

Rumours intended to destabilize ICICI Bank: KV Kamath

Posted by : MMB Messenger

KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.

13 Oct 2008 14:22

at current levels it is a good buy with a long term view....

In reply to:

Rumours intended to destabilize ICICI Bank: KV Kamath

Posted by : MMB Messenger

KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.

13 Oct 2008 13:34

hembhat-From today things could have changed as Investors are nibbling in at lower levels!!...

In reply to:

IIP at Aug at 1.3 agaist 10.9% (YOY)

Posted by : hembhat

Market has reached capitulation stage. It may remain in coma for few months. Budget 09 and Q-4 results in April 09 would be the key events. Market may go up prior to budget but budget would prove to be a damp squib. Midcaps will take a year to reach levels of 30% from todays level, as further fall is expected on Monday onwards.

13 Oct 2008 13:12

Everything about the financial crisis need not be depressing. People are finding humour in the middle of the stocks meltdown, although punters who have burnt their fingers and much more would find it rude.

Mobile phones are abuzz with funny SMSs doing the rounds about the financial storm and the stocks crash.
Consider this SMS that goes: \"Markets are set to regain 20,000 mark... (But only if) Sensex, Nikkei and Hang Seng are put together at 5,000 points each, NYSE Composite at 1,000 points, Dow Jones Industrial Average at 3,500 and Nasdaq at 500 points.\"

In the real world, Sensex is still above 10,000-point mark, but has nearly halved from its record high level seen early this year, DJIA has dipped to near 8,450, Nikkei is trading near its 20-year low at over 8,000 points.

There are also jokes online like \"Black Mondays used to be a once-in-a-lifetime event. Now they are coming along more regularly than Delhi Metro trains.\" Another SMS doing the rounds says: \"Respected Sensex Sir passed away on October 10, 2008 after not keeping well for nine months. The last rituals would be conducted at Lehman Brothers\` place.\" Another talks about the companies\` balance sheets: \"Assets are written on the left and liabilities on the right side. But, there is nothing left on the right and nothing is right on the left.\"

The market value of all the listed companies in India has nearly halved to about Rs 36.5 trillion from the level seen about nine months ago on January 10, the date when Sensex had scaled its record high of 21,206.77 points.

Another joke doing the rounds says that Raj Thackeray is ready to allow non-Mumbaikars to stay in the city, but it would be mandatory for them to invest in the stock market. There are also some other jokes with political flavour: \"Bankrupt allowed to return to their native place without ticket, says Railway Minister Lalu Prasad; Bankrupt to be given imported wheat free on ration: Agriculture Minister Sharad Pawar; Stock market losses to be treated as tax deducted at source: Finance Minister P Chidambaram.\"

There are also SMSs like \"blockbuster Saare Zameen Par (everyone bites dust) enters into 10th straight month at BSE and NSE multiplexes.\" Another one says: \"When the Sensex was at 21,000, the stock of a single real estate company was ruling close to Rs 1,500. Today, you can get entire sector for the same price and with Lehman Brothers having invested in the sector, further bargain is expected.\"

About global developments also, humour abounds about the crisis and one such joke has gone to the extent of Iceland being auctioned on eBay at a starting price of 99 pence. Some British papers have reported even British Prime Minister Gordon Brown trying his hand at such humours. While giving a speech in London, he quipped on hearing a mobile phone ring, \"I don\`t know if another bank has fallen.\"

Taking a dig at government\`s rescue packages, one says: \"All sports stadiums in USA currently named for banks, insurance companies, or financial institutions will have to be renamed \"Federal Reserve Park.\"

There are also some definition SMSs: Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home.

One defines a bear market as a phase when investor mistakes himself for a financial genius and a bear market as a period when kids get no allowance, wife gets no jewellery and the husband shoots himself on the trading floor.
One more on bull-bear theory says: There used to be bulls and bears in the market, now every one is a plain old ass. Another one defines P/E ratio as the percentage of investors wetting their pants as the market keeps crashing.

\"The market may be bad, but I slept like a baby last night. I woke up every hour and cried,\" talks about the plight of investors, while one comes in form of a tip: October is one of the peculiarly dangerous months to invest in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.

Then a conversation has been visualised like this in one SMS: How many stockbrokers does it take to change a light bulb? Answer is two -- One to take out the bulb and drop it, and the other to try and sell it before it crashes.
-et
...

13 Oct 2008 13:12

hembhat-You are right!!
...

In reply to:

IIP at Aug at 1.3 agaist 10.9% (YOY)

Posted by : hembhat

One must diligently keep aside 20% of his profit in Bank FD every year. This is applicable to all persons above 40.

13 Oct 2008 12:51

Companies scheduled to announce earnings for the quarter ended September 30, 2008 today are -- AXIS Bank, BASF India , Betala Global Securities, DCM Financial Services, Indo Tech transformers , Kaiser Press, Orbit Corporation, Refex Refrigerants , Repro India, Tata Investment Corporation-et...

13 Oct 2008 12:14

We know that icici is the he helthy bank but rumour ???? no one can stop....

In reply to:

Rumours intended to destabilize ICICI Bank: KV Kamath

Posted by : MMB Messenger

KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.

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