If you are in the financial services industry you would have heard some whispers..that something big happened. Then murmurs..then rumors…but here is the full story… http://www.moneycontrol.com/news/features/what-really-happened-at-aditya-birla-money_500993.html
So today the market went up by 400 points – many financial services companies went up by a huge number. Hdfc which was Rs. 3000 pre-split opened at Rs. 610…now it is at Rs. 655. So as is wont….you ask…and they say ‘The financial services industry is booming’. If you have been in the industry […]
The advantage of running a blog and doing some training is you meet people of various types, shapes and sizes. I meet people who have made immense amount of money in equity markets (upwards of Rs. 20 crores), people who are die-hard market timers (some have done well so somewhat debunking the theory that no […]
This is not to say that the Indian banking system is great, but I am not sure about how many of you have been following the Goldman case. There is a lot to say against the banking system – but remember do not go short on shares of big powerful companies. Personally there is a […]
Have you wondered why doctors are not really rich? They do earn well. Even in a lower middle class suburb of Mumbai they do charge reasonably well. For example a specialist (pediatrician) doctor practicing in Navi Mumbai would charge Rs. 250 for a visit. This is not too bad for the 20 minutes that the […]
Indian market today is a very difficult market to please. Is the end client really difficult to please, I am not sure but the distributor is very difficult to please. And the last mile connect is the real tough nut to crack. Whether it is your cable television provider deciding not to give you UTVi […]
A couple of weeks back I had written a post about how the slow down will hurt some industries. Fairly clearly those companies (industries) which have a high cash burn ratio – and who cannot reduce fixed costs will bleed first. Financial services industry – life insurance, broking retail, general retail – are all vulnerable. […]