Dalmia Cement (Bharat) (DCBL) has two business lines. One, whose medium-term outlook is cloudy (cement) and the other whose outlook is clear. This makes it a better bet among almost all other cement companies. Last year was great for cement companies and the prospects of sugar started improving from the second half. So in 2007-08, revenue from the cement business (ordinary Portland cement,...
If you were to write a book on how to increase your wealth through smart investing in stocks and funds, there are only a few things you can write. There are very few successful approaches to making money. Besides, deciding on an approach is the starting point. It is the disciplined application of the chosen method that counts. So, beyond saying, buy growth at a reasonable price – as all fund...
We pointed out in the ‘Current Account’ section (MoneyLIFE, 27 September 2007) that listed TV channels don’t make money for shareholders, only for their employees. But their stocks still seem to defy gravity. Over a year, strategic investors have pumped in more money into them, but the stock market is unimpressed because the numbers just don’t seem to add up. Look, for instance, at New Delhi...
