Rs 100 to Rs 1.12 lakh in just 2 yrs

Rs 100 to Rs 1.12 lakh in just 2 yrs

A favourable swap ratio in the merger of Supriya & Sadanand Sule's private firm with Lavasa and a high-premium secondary market purchase sweetened deal

N Sundaresha Subramanian & Sanjay Jog / Mumbai Oct 21, 2012, 00:44 IST Supriya and Sadanand Sule, daughter and son-in-law of NCP President Sharad Pawar got sweetheart deals in Lavasa, not once but twice. First, their shares in Yashomala Leasing and Finance Pvt Ltd (YLFPL) were swapped for those of Lavasa Corporation at a favourable ratio of 1:750 in 2002. This merger gave the Sules a 20.81 per cent stake in Lavasa Corporation, then known as Lake City Corp Pvt Ltd. Later, the promoters themselves bought shares at a substantial premium, setting the benchmark for the Sules’ exit at a premium. The facts become interesting in the context of police officer-turned-activist Y P Singh’s recent allegations of irregularities in Lavasa deals having benefited the NCP leadership. According to a scheme of merger approved by the Bombay High Court in August, 2002, Lavasa issued “750 equity shares of Rs 10 each and 1,600 redeemable preference shares of Rs 10 each at a premium of Rs 10 per share… to the shareholders of YLFPL for every one equity share of Rs 100 held by the then shareholders of YLFPL”. Thus, for one share worth Rs 100, the Sules got Lavasa equity shares worth Rs 7,500 and preference shares worth Rs 32,000. CAPITAL HISTORY Feb 2000: Pearly Blue Lake Resorts incorporated Dec 2000: Name changed to Lake City Corporation Dec 2001: Capital infusion in 2 tranches (1.49 mn shares @ Rs 58.34 apiece & 0.74 mn shares @ Rs 73.35 Jan 2002: Board approves merger with Yashomala Aug 2002: Bombay High Court approves merger at swap ratio of 1:750 Oct 2002: Supriya and Sadanand Sule get 1.24 mn Lavasa shares in exchange for 1,665 Yashomala shares Sep 2003: Lake City promoters (HCC) buy 1.5 million shares at Rs 106.67 in secondary sale Mar–Sep 2004: Promoters buy 750,000 shares at same price Jun 2004: Lake City renamed as Lavasa Corporation Nov 2004: Promoters buy 49,000 shares at Rs 120.68 Sep 2005: Promoters sell this entire secondary market purchase of 29.99 million @ Rs 120.68 Source: Draft offer document Further sweetening the deal, just a month prior to the board meeting (January 2002), in which the merger with YLFPL was approved, in December 2001, Lavasa had issued shares at Rs 73.35 each. Thus, one Rs 100 YLFPL share held by the Sules multiplied into 750 Lavasa shares worth Rs 55,012.50. Assuming the Sules exited in 2003-04, as claimed by the NCP spokesperson on Thursday, the exit price could not have been lower than Rs 106.67 apiece. Because, that is the price at which the promoters bought some 1.5 million shares in September 2003. It is not clear if the Sules exited the company through this transaction. At this price, one Rs 100 YLFPL share eventually fetched Rs 80,002.50. In addition to this, 1,600 redeemable preference shares would be worth another Rs 32,000, assuming there was no further appreciation in value. According to the draft offer document filed by Lavasa Corporation in September 2010, “pursuant to the merger of Yashomala Leasing and Finance Pvt Ltd with our company 1,248,750 equity shares were issued to Sadanand B Sule jointly with Supriya Sule”. At the swap ratio of 1:750, this means the couple held 1,665 YFLPL shares between them worth Rs 1.66 lakh at face value. Thus, an investment of Rs 1.66 lakh in YLFPL zoomed to Rs 18.64 crore. Of this, Rs 13.32 crore came from their Lavasa equity holding, while the preference share holding of 2.66 million alone was worth Rs 5.32 crore. Emails seeking comments sent to spokespersons of Lavasa and HCC did not elicit any response. Sadanand and Supriya Sule did not respond to an emailed questionnaire on Friday evening and text messages sent on Friday as well as Saturday. A person familiar with the transactions said the merger was done in a transparent manner and was approved by court. Two other couples who were shareholders in YFLPL also seem to have enjoyed similar appreciation. Aniruddha P Deshpande and Sona Deshpande and Vinay V Maniar and Ruchira Maniar also were issued exactly the same number of shares issued to the Sule couple, according to the scheme of merger. As on the date of the draft prospectus, Vinay Maniar held 28.89 million shares amounting to 5.95 per cent stake in Lavasa. Thus, even if they had sold in 2003-04 as claimed, the Yashomala shareholders got a sweetheart deal, though the sum is small. If they sold at the valuation at which Axis entered, then it is another matter altogether. http://www.businessstandard.com/india/news/rs-100-to-rs-112-lakh-in-just-2-yrs/490261/

Victor Niederhoffer- GREATEST SPECULATOR

Victor Niederhoffer

en.wikipedia.org

Victor Niederhoffer is a hedge fund manager, champion squash player, bestselling author and statistician. Victor Niderhoffer was born in Brooklyn to a Jewish family. Wikipedia 

Born: December 10, 1943 (age 68) Children: Galt Niederhoffer Books: The Education of a Speculator Education: Harvard University, University of Chicago, University of Chicago Graduate School of Business

CHAPTER ONE

The Education of a SPECULATOR

---

By VICTOR NIEDERHOFFER

John Wiley & Sons, Inc.

 Read the Review

The Old Trader and the Yen

I wish I was the fish, he thought, with everything he has against only my will and my intelligence.

Ernest Hemingway
The Old Man and the Sea

I am an old trader, and I trade the yen in the cash market. I once had the best record among all the traders. I was rated number one in my field, and my picture was in all the newspapers. Customers crowded my doors. The attractive currency brokers talked sexy to me, told me where their customers' stops were, and where the central banks were buying and selling. The great Soros more than once called to have me trade for his own account.

But I got in over my head. I bought the dollar when the dollar:yen was 93. It went to 88 in just a few hours. I was eaten alive. The banks will not give me credit anymore, and many of my customers have left. I still have some customers--people who are not happy with feeding all their money to the stock market. They are afraid that it will crash as it did in 1929 and 1987. They look to me to land a big return, but without risk or drawdown. I can do it; but they don't want me to gamble, and I cannot do it without gambling. The risk creates opportunity. Still, I am humble because I have lost many times.

Lopez, an 18-year-old student from Mexico, worked at my side for free, just so he could learn from me. He ran computer programs for me, got me tea, and woke me when I was tired. Lopez has now left to trade at a more successful firm in the daytime, but he comes to visit me after hours. "Victor," he says to me, "I could help you tonight. We've made some money together."

"No," I say, "You're with a better firm; stay with them."

"But I remember how the dollar went down for 10 days in a row and you kept buying it. And then it went back up, and we made back all we lost and more."

"Yes, but now the dollar is going up and we're selling it."

"The Bank of Japan and the U.S. Treasury want it up; everyone in the world wants it up and I am fighting it. I am already short $300 million and the forces are against me."

"Can I get you some tea? The dollar's been up many days in a row. Let me run some programs."

"Yes, of course. Between traders," I say.

"Victor, the patterns are bearish. Can I sell alongside?"

"No, you are too young to risk everything. You have to learn to sit it out when the tide is too strong."

At 7 P.M. in New York, it is morning in Asia. The sun is shining there. Men in white shirts are preparing for battle. The banks will wait for their customers to sell the dollar to hedge their export earnings, and then they will buy it. They have a great advantage over me, for I have been sitting in front of my monitor, staring at the screen, eyes burning, for two nights and a day, and now part of another night. They drink sake each night with their friends from school and the ministries, and they learn what is going to be announced and where they will be buying and selling. When the poor folks, the outsiders, demand an investigation because a number was leaked, the Central Bank says no investigation is necessary because leaks are impossible.

When I visited Japan, I saw the hotels where the white-shined men sleep in little coffins on nights when they are too drunk to get home safely. When they do get home, their wives massage them and dress them and put them onto the bullet train for their two-hour commute to work.

My wife has gone to Maine with the kids. She is worried. "Why not get out and call it a day? You can't seem to get it right this year."

"No, It's bearish," I say.

The waters are very deep. Maybe too deep. The Japanese trade balance is scheduled to be announced. If the surplus is lower, there will be no need for the United States to bash the dollar down to save American jobs in the Rust Belt. The dollar will rise, and I will be buried because I am short an amount ten times greater than my worth. Already there are rumors that the surplus is lower. The Bank of Japan is said to leak news of this to cushion the blow of the announcement. Japan has been running a $50 billion annual trade surplus with the United States.

The current Assistant Secretary of State has said that this surplus is unacceptable. I knew him when we were boys at Harvard. He was known as an economist then. Now he doesn't say a word unless it will help his boss. I have to eat, so it is well to know what's good for the Democrats. The great Soros is a Democrat, and he is rich beyond the dreams of such as I. Maybe I m not as rich as he because I went to Chicago after college.

I dialogue with myself. "I wish that I had never met Milton Friedman or George Stigler, or his son Steve, or Jim Lorie, with their liberalism of the classics.

"Fool! Is this the way for a friend to talk? You love these men!"

"Yes, I revere them, but they make me poor."

"Poverty does not matter!"

I don't talk during the trading day. Noise distracts me from the job at hand. When I played squash, I would wear a sock on my hand before the match so that no one would shake my hand and distract me. But now I talk to calm myself. I should not talk out loud even when there is no one around to think I'm crazy.

I used to listen to music when I traded at night. Now the CD player is broken, and I don't wish to spend the money to get a new one while I am having losses. Besides, in the time it would take to turn on the music, something big might happen to the yen. That would be just my luck, to have the dollar spike down in the two seconds I was away. I need some luck today. But it is better to use my knowledge and tricks than to count on luck.

I think about music. About all the funeral music my traders play when I am down. The Mozart Requiem, Beethoven's "Moonlight" sonata. Why couldn't I be long the dollar rather than short? I want to cry. The Beethoven Marcia Funebre has a complete cycle in it, from high C sharp to low G sharp and back, in four measures. The dollar:yen has gone down from a high of 105 to 80 and now it is back to 93. What if it goes back to 105?

Now is not the time to think about cycles or music. Now is the time to think of only one thing: the yen.

My only hope is the Bank Negara, the terrible central bank of Malaysia. Bank Negara is like a pirate. It trades violently and takes no prisoners. It is happy to wreck me and my fellow traders. So far, it has lost $10 billion, almost bankrupting the country, by always going against the dollar and bonds. The Malaysians like to stampede the market at 7 P.M. New York time. If they call up all 50 banks in their network at the same time, in Australia, New Zealand, and Singapore, and sell the dollar, I may be able to take my line back with dignity.

A man should never give up hope. But it is better to have science. I know what happens to the yen when the soybeans are up and gold is down. If good luck comes, I will be ready for it.

Soros is long the dollar. He is always with the force when governments and businesspeople want something to happen. His father taught him to survive when the Gestapo was interning the Jews in the concentration camps. My father is dead because he listened to the big shots at the Memorial Hospital, who then shot him up with chemicals that destroyed his heart and lungs.

I played tennis with Soros last night. I hope he is playing tennis now, so he will not be able to buy any more dollars for a while. I wonder whether my father could beat him in a tennis match. We hardly ever lost when I played doubles with my father. When I play with Soros as my partner, I almost always lose. But that is because Soros pays the pros to play against us. The exchanges, the Treasury, the trend followers, the banks, the politicians and policy makers are all against me now. Now is not the time to think of my father or Soros, or fellow traders. Now is the time to do only one thing: watch the screen.

Bank of Tokyo flashes a price of 93. An Australian bank, the Westpac of Sydney, flits over the waters offering dollars at 92.75. But the fish are too big for it. It's gone in a second and now DKB Bank of Tokyo is bidding 93. That's bad. They always seem to know what's going on first.

Just then, I see the dollar: mark drop sharply. Union Bank of Switzerland is offering it down. "Be honest like your country," I say. The mark and yen often swim together. Bank Negara must be hitting the dollar while Europe is asleep. What a huge trade. 1.50, 1.49, 1.48. Please now, move to the yen. Mark:yen must follow. The yen is cheap. Come on, the yen is lovely.

I wish I were rich and powerful. The most important banks would request my advice. I could influence prices directly. I would put up my bids on the Telerate like the other big fish. I could afford direct lines to the banks. Best of all would be a Reuters dealing machine. I would contact four banks at the same time and hit them before they change the yen. Rothschild himself would tremble. I would discuss good books with the learned. Now I must deal with brokers. I pay them points to trade, so I always start behind. The banks know I trade through brokers. When the brokers call on my behalf, the banks change their course and trade ahead of me before I can catch them. It would not spoil the master plan if I were a rich man.

Now, I'll put in some orders with the broker to sell dollars at 93.50. I'll let them have those dollars where they want it. They won't know it's me. Please take it. Come on now, it's beautiful! They can't leave it this cheap. But they don't take it.

Now I see the Deutschebank circling. They offer to sell the dollar at 1.4850. This is good. Where there is collar: mark selling, dollar:yen selling will soon follow. My phone rings. They are beginning to buy dollars from me at 93.50. "Sell very carefully," I tell the broker. "Take a few yards only. I don't want to frighten them away."

The buying stops. Go down, dollar. Please fall back. I can't hurt you. I am just one old man. I wait with my orders back in full size. Don't be afraid. Please come back to 93.50. Buy my dollars, yen. Smell my millions, hard and cold. Eat them, yen; eat them.

Yes! Three phones ring at the same time. They have swallowed the bait. I have let out a line $100 million long. What a buyer. That must be Bacon. Or Jones. He took my bait as if it were a sardine. I will give him more line at 94. Take it. Price does not matter to you. Give me the edge, not the Bank of Japan. Then you will be so far behind that, in the morning, when the stock markets in Europe sink, I will kill you.

I love you, yen. You are so orderly, so loyal, like your country. I don't hold it against you that you would not take my dollars when I tried to buy food in Tokyo for my family of eleven. Now take my dollars. You feel the gaijin. are dirty. They will not take their shoes off in your crowded restaurants. But I do take my shoes off. I'll build a rock garden and sit and pray to Shinto gods if you'll just take my dollars at 93.50 and then go down to 91.

I know that you want to go down, dollar:yen. The earthquake created tremendous demand for dollars to buy foreign goods from the industries destroyed in Osaka. I realize that your economy is in recession because the West cannot afford to buy your goods at these high prices. But please go up a little first. Fool some buyers into thinking you want to go up. Then, when they sell, you'll go down even harder.

Nothing happens. The dollar is going up steadily. I feel it drawing my balance lower and lower. What will I do if it keeps pulling me down? My brokers will give me a margin call if the dollar goes any higher. 94.00, 94.25, 94.50. I just lost another $4 million. Turn down, dollar. Please go lower. I'd better sell some more dollars to feign strength. They should not know how weak I am. All right. Sell ten yards of the dollar at the market. That will kill the dollar.

The dollar takes my selling like I am a minnow. The dollar is pulling my house along with it.

I am afraid. I have gone too far. The Japanese trend followers will all jump in if the dollar goes above 95.00. The bubble will drown me. The Japanese are very brilliant. Their nine-year-old schoolchildren solve problems that Harvard and Williams students could not solve. But they run in herds. The nail that sticks out gets hammered. If the dollar sticks up any higher, the entire Japanese trading community will jump in to buy it. A higher dollar will become an ever rising bubble.

I wish Lopez were here. I need tea. I need to see what happens when the dollar is at a new high at 8 P.M. on a Tuesday. But he has seen me lose too many times, and he is with another shop. I wish I were young again. Then, if I lost, I could recover. Now it is too hard. When I go out with my wife, I get asked if I am her father. I must survive now so that my children and Susan will live.

Please, I beg of you. I pray: Slow down, then go down. Shame on me. How can one who has no superstition pray? Francis Galton did not pray. He thought of his shared heredity with all other creatures and this made him reverential. But the priests do not die older than others. All my praying will not make the dollar go down. I am a man, and I must do my work.

If the dollar goes up any higher, my customers will kill me. My partners will look at me and say, "We told you not to sell the premium." Then they will say nothing. They will go home to their families and say, "We lost. We're in trouble. Victor did it again."

The dollar is now open in Tokyo. The dollar cannot go up as long as I sell it, and it will not go down until I buy it back. We are in a dead heat.

No one should be alone in his old age. I should be with my six daughters in Maine. But I cannot even urinate for fear that the move down will occur.

Here is the Japanese Ministry of Finance head saying that there is no danger of the discount rate in Japan being decreased again. It is already just 1 percent. That is good for me. The dollar will go down if the rates are high. But the Japanese traditionally deny that they will decrease it three times before lowering. This is their third denial. All the traders know this and the dollar goes up. It touches 94.50.

The Japanese surplus will soon be announced. If it is lower, I will go under. How can I stay in when all hinges on a number that all the traders in Japan already know about! The direct line rings.

"Victor, do you have any stops?" my broker asks. If I tell him, then immediately the price will go to that level and I will be dead. "I don't believe in stops," I say strongly. "Yen, I will stay with you until I am dead," I say softly. The yen will stay with me, too. But I am as patient as the yen. I played squash every day for ten years in a row before winning the big one. I have been watching the screen for 52 hours without sleep. And I am not going to give up.

The yen is my friend, and there is a full moon out. The trends often change when the moon is full. The moon affects the markets just as it affects women, crops, crime, and the tides. I am afraid I have as much chance of killing the dollar as of killing the moon. Still, I will not fail for lack of effort or preparation.

I'm hungry. I have not eaten since lunch and the gnats are starting to come in through the window screen and are biting me all over. Perhaps I should stare at the computer screen harder. Will that make it turn in my favor? It's all I have left.

Just then, the dollar jumps down. Hail to the Chief. The Chairman of the Eminent Persons Council, generally thought to be a mouthpiece for the Administration, is speaking in Japan. He calls for an equilibrium dollar of 80. The dollar drops to 94, 93, 92. Yes! Dollar holders are desperate to get out. This is what I was born to do. To take their dollars when they are afraid to hold them. To give them the dollars back when they want to sell me their goods. I end up with all their dollars and all their goods.

I must buy $400 million without anyone's knowing, or else I will turn the market. But I am all alone. And brokers will rush ahead to buy as soon as they know what I'm doing.

I pick up two phones and press the speaker on another. "What's your dollar bid and offer for 12.5 yards of yen?" I say. I wait a second and then say, "I buy dollars." And with three words, I just bought $375 million against the yen. I am whole again.

I call Susan. My mouth is dry and my ulcers are violently painful. "I'll be coming to Maine tomorrow," I say. "Are you alive?" she asks. "We both killed each other," I say.

I go hit some balls on my racquetball court before finishing my job and writing up all the tickets. But my job is not over yet. I still have 2.5 yards.

By the time I get back, the sharks have hit me. The trade surplus is announced. The dollar moves to 93. I lost a quarter million on just those 2.5 yards, but I just made $3 million. Not to worry. I throw on 4 more yards just for the fun of it.

But then the sharks begin to attack with horrible fury, as if they were maddened by my escape. The Bank of Japan buys dollars. The rumors were true, after all. The price rushes to 94, with resolution and malignancy. It was too good to last. Why did I do something for fun? I never have fun trading. It is too serious. I just dropped a million.

My nerve is going now. I close out all my positions. "I shouldn't have sold so many dollars," I say, "both for your sake and mine."

Like he fisherman in The Old Man and the Sea, I think, "Fish that you were, I am sorry that I went too far out. I ruined us both. But we have killed many sharks, you and I, and ruined many others. How many did you ever kill, old fish?"

I fought the dollar in a battle to the death. Shortly after I covered, the Bank of England, the Bundesbank, and the Federal Reserve (acting for the Treasury) all intervened to buy the dollar. By the next morning, the dollar rose to 98. Had I not bought it back, I would have lost $40 million, about 100 percent of my capital.

I am sore from my wounds. I feel like the sole survivor from a plane crash. I am tired. Before I leave, I check my faxes. A memo from my lawyer informs me that a certain agency wishes to review my filings for the past 10 years. Two boxcars of documents.

The sharks are always circling, always tearing at my flesh. Hades, go away; you can't have it. It's mine. I've paid my dues. I cannot keep the sharks from hitting me. They are very powerful and do what they please. But I will continue to fight them while I have strength. I have my resolution, and there are many things I can do.

As I leave my office, my partners are coming in to pick up the pieces of the trades and even out the weights. "What a trade it was," I hear them saying as I drive away.

“ZERO COST- NEVER LOSS” MODEL

Not even a single day I could make Rs 1000/- for the last 20trading sessions. The reasons could be many. I call it like STORIES.

In my earlier trading days I never lost money on any given day for two months in a row.

Now there is lot of confusion, mis-reading the screen and wrong calculations…what not many things are generating tabulating for confusion. The turbulence in the mind is heavy and forcing me to take un-necessary positions causing me to PAY for IT.

I lost heavly during Jan-12 boom. I asked every body to buy in the market from last week of Dec-11 but unfortunately I kept a short position in TATASTEEL. I converted the day position in to a night position, paid heavy penality. The next day unfortunate position was taken, instead of covering the old one, we took another short position. The market zoomed like any thing. The beauty part is we lost our TWO internet connections. Calling the broker to square off the positions lead to Rs 15000 loss. So kept for one more day..loss is mounting…brick batting…blame game…Sleepless nights…everything crystallized to a loss of Rs55000 LOSS. I still remember the trauma. The suffering is heavy but I didn’t lost my smile on my face. Because I have not opted the position but failed to manage.

I have very good experience in managing my positions….MY TALL CLAIM…

Now I am not getting the confidence due to my On & Off screen management and readings…

At one time when my energies are high…I thought of building an empire for the deserving people ...needs to be supported…all is DREAM…the reality is …I am in requesting position….

The FACT is I have tremendous and stupendous STOCK MARKET knowledge…but behaving like a Stupid…loosing all opportunities for want of some thing…I have No eligibility to do any sacrifice…Only to take on the Challenges…

The WINNER is the one who accepts Challenges and convert them into success stories…where as the loser will succumbs to pressure an seek sympathy  from the …

The CAPACITIES are built on CONFIDENCE to ACHIVE and the Bench Marks of Success CYCLES goes…on..

I HAVE A DREAM OF CONVERTING MY SHARES INTO “ZERO COST- NEVER LOSS” MODEL. I STARTED WITH ONE AND WILL ADD….

october Series Nifty Support September 27, 2012 8:02 PM

HAPPY DEWALI...

HAPPY DEEPAWALI TO READERS...

THE FESTIVAL OF LIGHTS SHALL BRING YOU PROSPERITY AND PEACE IN LIFE.

THE STOCKS WILL CHEER YOU NEVER BEFORE...

THE WAVE OF BULL RUN IS UNFOLDING.....

ENJOY PROSPERITY FROM STOCK MARKETS FROM MY RECOMMENDATIONS...

INERTIA.....WAITING.....

A classic example of my inertia to read my Psychology book for tomorrow exam is a good example how I used to post pone the opportunities and regret on the loss derived upon such action.
Day before yesterday I thought I read fully and live upto my plans. The day started with normal wake up time at 8.30am and spent without noticing how the time is ticking. At 10.30 I thought, decided to work on "The Market Study" as I usually do. I took an hour and started for dental hospital for consultation on Hema's RCT. then went to IDBI bank took some time in the bank and went to Axis with draw 1200 but I thought, drawing 12000/-. ( THERE IS LACK OF COORDINATION IN MY PLAN AND EXECUTION). We went to petrol pump and filled for 100/- then came to house at 1.30pm.
I decided to get my shoes and chappal get repaired, a long pending work. My wife and I spent an hour in the hot sun came back at 2.50pm then decided to work the polish part. At 3.40 we had our lunch.I took some nap got up by 4.30 and worked on the Market study up to 6.40pm. (I FAILED TO PRIORITIZE THE WORK AND THE HOUR VALUE. THE IMPORTANT WORK WAS DELAYED AND THE MEAN JOB WAS COMPLETED). INTERESTING FACT IS I AM OBSERVING THE HOUR PASSAGE OUT MY HANDS.
I went to railway station and see-off my children and Hema going by Nagawali express by 9.30 pm. I returned home at 10.50pm. I saw the TV and spend the Bhakti TV running up-to 12.15am. ( I AM STILL COUNTING...THE OPPORTUNITY).
VERY INTERESTING POSTPONEMENT MADE FOR NEXT DAY.
Today started at 8 am and the day passed by taking to Hema, Jani, Jagadeesh. I saw some time TV and intermittently focussed on making my 4 glass of team. I SAW MY PAY SLIP FOR SOME TIME.
I could see the time at 8, 9.2, 10.10,10.20, 11.35. I WANTED TO START MY STUDY AFTER PRAYER. I took bath, had puja and continued my postponement. At 1.20 i took my old papers for focussed study.
Them my land lord came and varnished to the door with his helper. 2.20pm. then I took time to see IPL and news up to 4.45
I worked on Market study published the blog and created "MARKET MANAGEMENT PSYCHOLOGY" worked upto 7.15pm. I had some tea, saw TV- surfing- one Telugu film and Shaan till now,9.05pm.
Now decided to publish the passage to time and managing to postpone the important work. THE PSYCHOLOGY BEHIND SUCH POSTPONEMENT----WANTED TO WRITE WELL, NEED GOOD MARKS FOR THE Phd PROGRAMME. SO APPEAR NEXT TIME WITH PREPARATION.
BEING BEST, BE THE BEST ATTITUDE- A MASK TO GET OUT OF THE CURRENT PRESSURE TO ACCEPT THE CHALLENGES.
DREAMING OF BRIGHT FUTURE AND LEAVING THE PRESENT SITUATION.
SEEKING HELP FOR SYMPATHY.


BNR

Budget-2011-12- YES____But????....

The Pranab’s budget is same as earlier to focus on demand and propel growth. Te rural demand and in house economy building is good but the corporate houses are to be taken care as well.

The Soaps and Agarbatti companies share lots of fragrance of success.

The GST will lure all but the waiting is more painful to FMGC companies.

The cold chain and the chain action of profit growth is assured to those companies but the rise of copper may put some pressure.

The ready made branded garments put some 10% higher “pride cost” of buying but the quality was at yesterdays, level.

The low cost housing below 25 lakhs is the next mantra but the rise in the cement prices hampers the construction growth. The mall growth and SEZ growth get hampered and a severe blow to high rise illuminated luxury shopping. The IT and ITes are at foul cry with the introduction of MAT to SEZ. The big brother Reliance joins the group to provide chorus.

A severe blow to SESAGOA and others involved in miming of iron ore exports. The local sourcing of quality iron is at cheaper and easier than earlier.

The MAT was raised from 18-18.5% but the Corporate surcharge was reduced from 7.5% to 5%.

The good is the automobiles were spared from rise in excise duty.

A cool heath and rise in hospital bill and including Insurance tax is like filling the coffer with smile and sending the coffin.

The automobile is vrooming, banking sector in neutral, cement is cool, diamonds and jewelry lost the shining, IT is totally down, construction ok but infra is good with rising costs but power sector is good, steel is good, the FMCG is with fragrance,  phama needs a dose of pill but the corporate hospital and the AC hotels that serve a cool beer needs to pay the service tax. Those who want to fly shall pay more and their branded garment costs a lot. The oil and exploration is in demand with energy so is the power sector. Enjoy the budget but not the markets????????.

So sail with world markets and down with our weight unless or MF attract large capital INFLOW.