This is a new drum beat. The facts are Production growth is now -ve , Sensex selling off big, F.E bowl MT., Official hype getting bigger, Ministers now able to guarantee male offspring & ever changing Taxation laws.
Wow.! You should be desperate to invest in that climate..
Drum beating has not got IBN very far ; that is a fact.
Hope is eternal and no one scoffs at that. However, one needs to temper that with realism and IBN's current performance has not been stellar..
This has happened b4 . Investing there is very dicy as the rules change on a dime. They specialize in voluminous legislation and claw back clauses that are very hard to navigate.
It is a myth that a country of such great diversity and problems can turn around democratically in a brief spell of 5 years. It is impossible.
You forget that because of that research San Diego has the best Surfers in the World. Its no secret that Surf -actin-g was mainly responsible. Who could ask for anything more.!
Good. Keep up that drum beat ;someone might hear it.
The newbees are good at Hype and more Hype and an empty bowl.!.
You got to beat that drum much harder if you want the hoards of Foreigners now deserting to stop dumping your favourite stock. As the 2nd last in Pvt Bank performance IBN can only drop to the last position now.
Based on the charts you can see that the era of Scam and Scams has been replaced by Hype and Hype.!
Its the retail Investor thathas ahard time understanding the steel Industry. Globally steel capacity exceeds demand by 30%. In addition plants are getting older and have huge Carbon Tax penalties that they cannot address. Further the Indiustry has messed up the environment . Govts cannot afford to shuth them down because the workers will be left high and dry. The Govts are prone to look the other side .
Investors are in a jam because the stock is going no-where and is likely going to drift lower for atleast five more years.
Good ; they dont need foreign investment.
That is another reason, Foreigners are liquidating their holdings there . IBN has been tracking down ; the P/E ratio is moving down as risk increases.
Not quite. I trust you know that MF's in Asia are now net sellers of INJUN Bank stocks because the Bank CEO's have no accountability wrt rates or losses both of which are now on auto pilot mode by the new Govt.
In the case of rates, they were specifically told to lower their rates and in return the Govt has allowed them to convert their losses into shares on their books conversion being the amount loaned.
That is S.Asia, where the rules change on a dime. The latest is Taxing gains of NRI's at source.
Not true. The Steel Cos are in a bine.
The Govts will not allow these Co.s to close inefficient plants as they need the votes from those employees.. If the Co. tries the Govts will bankrupt them by charging them in civil courts for the clean up cost ; a huge liability not shown on the books and which exceeds their Asset base.
MT cajoled by Wall St. and his ego overpaid and overbought. There is no way for the Co. to rise from these ashes until Govts. allow them to close down a few plants and free them of their liabilities (Most unlikely).
Show me the way out may prove a better solution.!