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Moneylife Digital Team 12 July 2011
Global markets slide on fears of debt default spreading to Italy, Spain; warning signals were available some months ago Global markets today suffered one of their worst beatings in recent months on mounting fears of a likely default by Greece and that the debt crisis is spreading to Italy...

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Moneylife Digital Team 12 July 2011
Brokerages say that the pharma sector that has usually been one of the better performers, is under various pressures of cost and competition which are expected to affect margins The pharmaceuticals business is among the sectors that are expected to do well in the first quarter of 2010-11,...

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Moneylife Digital Team 11 July 2011
Stock of scam-tainted company gains 30% in five days; has doubled in value from a low of Rs47.35 in May Money Matters Financial Services Limited has seen an astonishing more than 100% jump in its stock price since May 2011 when it touched its lowest level this year, following the...

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Ratings agencies are an important source of information for investors. However, it is difficult to judge the accuracy of the information because while ratings agencies may have the capacity to run simulations on a given set of assumptions, they cannot be certain about the information given to...

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Moneylife Digital Team 07 July 2011
Yash Birla group company records 150% gains on listing day which comes as a surprise for an IPO that was ranked poorly Birla Pacific Medspa, a Yash Birla group company, was today listed at a premium on the Bombay Stock Exchange, and made gains all the way through trading to close at...

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Moneylife Digital Team 07 July 2011
Brokerages say banks are seeing a significant growth in funds mobilisation, but lower credit off-take; public sector lenders under strain from exposure to power utilities The banking sector is likely to have a lacklustre performance in the first quarter on account of dull domestic conditions...

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The confidence of investors seeking to participate in the vibrant growth of emerging market companies has been shaken by a spate of scandals in the US markets involving reverse mergers The American comedian Groucho Marx once said, "I don't want to belong to any club that will accept me as a...

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Moneylife Digital Team 30 June 2011
What is the past record after eight days of a continuous rally? The odds favour a rise The Nifty index closed today 47 points higher at 5,647, marking a consecutive rise for eight trading sessions in a row. The last time this feat was achieved was from 21st March to 31st March 2011, which...

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Moneylife Digital Team 30 June 2011
Despite an extremely favourable market situation in 2010-11, this government’s ambitious disinvestment programme did not succeed because a government of the ‘aam aadmi’ behaved like any other private sector issuer The government had fixed itself a disinvestment target of Rs40,000 crore for...

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Moneylife Digital Team 30 June 2011
One of the fastest-growing companies in the energy sector We had written about Petronet LNG in our Cover Story (Moneylife, 10 April 2008). At that time, the stock was trading at Rs64. It is currently trading at Rs137, handsomely outperforming the Sensex over this period. The stock is still a...

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Moneylife Digital Team 30 June 2011
Recommended thrice, Sabero just got taken over at a huge premium We first wrote about Sabero Organics Gujarat’s scrip in the issue dated 16 July 2009, when it was trading at Rs29.50. We had again mentioned the scrip in our issue dated 20 May 2010, when its price had risen by 181% since July...

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Moneylife Digital Team 30 June 2011
Low value and high growth Kajaria Ceramics manufactures ceramic wall & floor tiles and glazed & polished vitrified tiles. The company also markets international tile brands, bath-ware and wooden flooring solutions. Promoted by Ashok Kajaria in technical collaboration with Todagres, SA...

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Depends on your assumptions. Beware: the analysts with broking companies are too optimistic Virtually every single brokerage house is optimistic about a market rebound, assuming that the current market valuation is low. Arguments like “forward price to earning ratio of Sensex is just 14” are...

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Is your heart a piece of plant and machinery for you to get tax breaks? Former law minister Shanti Bhushan is regularly in the news these days. So it is surprising that a case that he lost in the Delhi High Court in June attracted only routine reporting and no analysis. Mr Bhushan, 80, had...

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Moneylife Digital Team 28 June 2011
While broking companies suffer, the two major exchanges and the regulator are making money hand over fist Rakesh Jhunjhunwala-supported Alchemy Shares and Stock Brokers is closing down its institutional broking arm due to poor growth in the business. There are also reports that India...

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Understanding the distortions created by governments trying to control the markets can help investors win. But buying into a bubble requires knowing when it will burst, for if you get it wrong, it might be like standing downstream when a dam goes China's Three Gorges dam is a magnificent...

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Moneylife Digital Team 23 June 2011
The fitful manner in which stocks are included or dropped from the indices raises serious questions about the benchmarks Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) claim they have sound logic for including, or excluding stocks in the indices. But, often, it is...

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Johnson Creado 22 June 2011
With an IPO grading of just 1/5, the stock ends at a premium 44.76% on debut Timbor Home, which opened its innings on the bourses today, emerged as the top gainer on the National Stock Exchange (NSE), closing at Rs91.50 compared to its issue price of Rs63, a premium of 44.76% to its issue...

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Debashis Basu  and   Megha Vora 21 June 2011
There is nobody in the system—promoters, lead managers, raters and regulator—who can be held accountable for the profit-pump and share-dump operation that seems common in IPOs We had mentioned in our article "What ails the Indian IPO market-I that "that volumes of information in a public...

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Moneylife Digital Team 20 June 2011
Analysts describe it as market reaction to company’s scrapping plans to raise $300 million. Group company GTL Infrastructure slides 43% The shares of GTL group tanked amidst speculations of heavy selling of the company's pledged shares, a charge which the company has denied. But market...

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