Had gone shopping for diyas and oil for Diwali.The high price of oil gave me a minor sticker shock.
A bit of data digging reveals that Solvent Extractors have been the worst performers of the stock market.
Check out the last one years performance (2 Nov 2011-2 Nov 2012):
KSE (-11.29%)
RuchiSoya (-39.27%)
Gokul (-55%)
KSOils(-55.67%)
RajOil (-78.35%)
So just like you can have high realty prices but lousy real estate stock prices, you can have high oil prices but lousy stock prices.
Aren’t Indian PSU Banks in the same boat…?
Some stuff I am reading today morning:
Debt market FII inflows hit 8 month high (FE)
The other Wipro (Mint)
A great interview with Nusli Wadia (BS)
The riot and the rot (Open)
A portal that let you invest in gold at wholesale prices (FirstPost)
Guaranteed way to lose money (OneMint)
The World’s best investing checklist (SafalNiveshak)
Hidden billionaire in Indonesia reaps gains from palm oil (Bloomberg)
Traders copy academics who copy traders (Dealbreaker)
Investing lessons from the 18th century (WSJ)