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Humor Image WhatILearntFrom

What I learnt from Vijay Mallya

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Picture Source:The Unreal Times

Categories
ForecastingFolly

Forecasting Folly:Opto Circuits

This post is in continuation of my forecasting folly series (see here)

In a report dated Feb 08, 2012, ICICI Direct recommended a buy on Opto Circuits with a price target of Rs.309 as against the then prevailing price of Rs.268

The price of Opto Circuits kept on falling and Dalal Street’s finest kept revising their target price downwards in sync with the falling stock price.

For instance, on Nov 20, 2012, ICICI Direct had a buy on Opto Circuits with a price target of Rs.181 as against the then prevailing price of 106.25.The “target” price was roughly 70% more than the prevailing stock price !

Now fast forward to Feb 26, 2013.The stock is now trading around Rs.50 !This is around 16% of the original target price set one year back by the helpful folks at ICICI Direct !

Forecasting folly, anyone?

Categories
Anecdotes BookExcerpt

Aditya Puri of HDFC Bank: Where is the laddoo?

Am reading this book on HDFC Bank called “A Bank for the Buck” by Tamal Bandyopadhyay.

Came across this interesting snippet (Page 150 !) :

“This is a bank that does not know anything beyond business.When we make presentations to our MD Aditya Puri, he says, “Teri unchi English mere ko samajh me nahi aati hai;mere ko ye bata ki laddoo kidhar hai.” Everybody in HDFC Bank understands what laddoo stands for.

The presentations don’t last more than four to five slides.Aditya loves talking to the point.”Paise kidhar hai woh dikha,mujhe aur kuch nahi samajhta hai, seedha baat pe aa.Mujhe tu global gyan mat de.”

 

Am reminded of this famous movie scene from Jerry Maguire “Show me the money”

 

Categories
AlphaIdeas Media

Alpha Ideas finds a mention in MoneyLife Magazine

Moneylife is one of India’s leading personal finance and investment magazines.

Yesterday, they did a story on Sanjay Dangi’s portfolio stocks.

Alpha Ideas finds a mention in the story and is described as “an excellent blog on Indian stocks”

 

Categories
InvestorPresentations Stock

Investor Presentation:MindTree Q3 FY2013

[gview file=”https://alphaideas.in/wp-content/uploads/2013/02/Mindtree_Q3_FY2013_Investor_Presentation.pdf”]