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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Monday, May 04, 2009

More stressful times ahead ...

It takes two (results) to tango

Jogin (a student), Bidyut (an economics professor) and Divya (a journalist) wait for Mack (an American expat working in India) to return from a check-up after his recent visit to Mexico. The Moody’s report that swine flu could make Indian equities lose foreign investors’ money catches Jogin’s eyes.
Jogin: Do you really think FIIs would leave India because of the swine flu outbreak? I mean, on the one hand they sing about the Indian growth story and on the other, they run because of a global flu outbreak?
Bidyut: As long as the flu does not spread in India, FII exit is remote. I don’t think the situation warrants an outflow yet.

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