Indiscriminate panic selling broke the upward momentum in several stocks. We are making six changes.
Gainers
The major gainers last fortnight were pharma companies following the Daiichi takeover of Ranbaxy. The biggest gainer among our momentum stocks was Nectar Lifesciences (20%), manufacturer of sterile and oral range of bulk drug antibiotics, even as the Sensex was down by over 1,200...
Stocks of banks and capital goods in our medium-term stockgrader were clobbered but several others did well. We are making several changes to the list
Gainers
Two rice companies rose sharply last fortnight, thanks to the news that the coming harvest season would ease up the tight supply situation and curbs on export of basmati will be lifted. KRBL, the largest exporter of basmati, rose 9%....
Why are Indian investors being subjected to daunting systems and mindless rules?
I have often argued that India has rushed in to adopt several technology-intensive online systems that are shutting out large sections of the population who are not tech-savvy or do not have access to infrastructure available in urban centres. Even for those who can use online systems, the experience is often...
