VBC Industries has valuable subsidiaries. If the debt and equity markets start to fund projects more easily, the stock could rise. VBC Industries can produce 10,000 tonnes per annum but the ferro-chrome industry is in the doldrums. The value lies in its subsidiaries. It has an equity base of Rs45.18 crore and a book value of Rs22.50 which does not reflect the following investments:
Stake in...
On 15 February 2009, GV Ramakrishna launched the book Pathbreakers 2 – our second compilation of 25 MoneyLIFE interviews with super-achievers. This was followed by an enriching panel discussion on the theme ‘What Can We Do to Improve Governance?’ Mr Ramakrishna, who wrote the Foreword came especially from Chennai to Pune to launch the book and chair the event. He has had a distinguished record...
The weak rally got over all too quickly
Last fortnight, I had said that the market’s bias is towards a rise but the climb will be tough. I had refrained from making a definite forecast. What followed was a classic pattern in a bear market. A weak rally and a rapid sell-off. The Sensex closed at 9,300 at the end of the week when that article was written. It went up, to close at 9,635 the...
