Thursday, May 14, 2009

'FIIs are again entering Indian equities on an investing spree'

Value buying is the name of the game, and not just in stocks

Divya (a journalist) walks into Bidyut (an economics professor)’s place with a stack of newspapers under her arm and a packet of doughnuts. Jogin (a student) and Mack (an American expat working in India) rush towards her and relieve her of the packet.

Jogin (Munching on doughnuts): Mmmm! I bet O.P. Bhatt wouldn’t have felt this good while
announcing SBI’s results.
Bidyut: Forty-six per cent rise in fourth quarter profit and 35.5 per cent rise in annual is admirable under the present circumstances. But was it totally unexpected?


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