Thursday, December 17, 2009

News that can impact market and stocks

Risk is scary, to be sure, but it's a fundamental aspect of the investing world. Without it, profit would not exist. The trick is to accept, anticipate, manage, and mitigate risk. In other words, master it.

BSE and the NSE have decided to postpone the implementation of new markets timings by more than a fortnight. the revision of market open timing to 9 am shall be effective from January 4, 2010. In the interim, the current market open timing of 9.55 am shall continue.
View: Market timing in India has to be increased to allow better trading practice and to allow Singapore based investor to buy before they break for lunch, Change without notice was unwarranted and this could have been done gradually. Already stock brokering firm stocks have risen on assumption that higher volume would benefit these stock.

PUNJ LLOYD on Thursday said Mr V.K. Kaushik has resigned from the post of Managing Director with effect from December 16. Mr Kaushik has also resigned from the company’s board, Punj Lloyd said in a filing to the Bombay Stock Exchange. Mr Kaushik has served as director in the board of the company since its inception in 1988.

View: Stock after marking Double Rs.298 top on 14 & 15 October corrected fast in 13trading days to reach low of Rs.187 on 3rd November after which the stock has been trading sideways with no major move. Company’s current order book stands at $5.5 billion, of which about 30% comes from the Middle East and North Africa and there is no impact of Dubai crisis on this stock. But till more clarity emerge investor would view this stock with suspicion.


The suspension of over a thousand companies by BSE and NSE since 1996 has blocked over Rs 58,000 crore of individual equity investors http://economictimes.indiatimes.com/articleshow/5306201.cms   Promoters of most of the companies sold their shares in the open market before de-listing and consequently their holdings came down below 5%, and in some cases their stake went down to sub 1% level. The value of promoters’ holding was merely Rs 3,290 crore against the total m-cap of Rs 61,699 crore for those companies.
View: Investor normally gets lured by tips or calls based on market rumors or insider or so called operator call and in modern day SMS has been the fashion to give lucrative news and exit the stock. Investor should check the information about the company promoters holding, face value Many Company has made face as Re.1 to lure investor as retails prefer stock of low price and low equity and that is where greed turns into our fear. SATYAM was one company with low promoter stake and IVRCL also Hyderabad based low promoter stake company.


Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all of your money-Jim Rogers

1 comment:

KKR said...

Timely comment. Thanks for the views