Some stuff I am reading today morning:
US Stocks Crash (CNBC)
The massive fraud at IL&FS (MC)
S&P cuts Tata Motors rating (Mint)
Why R Chandrashekhar quit Yes Bank Board (BQ)
Why Kumarmangalam Birla is the King of India’s cement sector (Rediff)
Secret Diary of Abhinay Choudhari (OB)
Letter to investors (Basant Maheshwari)
Buffett on scuttlebutt (Janav)
Seth Klarman’s latest speech at Havard (HBS)
“Death Cross” means “Loser” (PAL)
# of times Chemical Cos have gone up in price in last 5 yrs:
Aarti: 16.13 times
Aksharchem: 4.25 times
Atul: 8.37 times
Bhageria: 22.83 times
Bodal: 10.18 times
Deepak N: 8.56 times
Kiri: 8.06 times
NOCIL: 12.07 times
Sadhana: 96.02 times
Sudarshan : 8.6 times
Vinati: 8.58 times— alphaideas (@alphaideas) December 3, 2018
The P/E ratio of Prakash Industries have been very low for sometime
Source: Screener
Maybe the markets expected this.
ED attaches under PMLA movable & immovable properties worth ₹117 Crores of M/s Prakash Industries in #CoalBlock allocation case.
— ED (@dir_ed) December 4, 2018
Source: Being Practical
Some stuff I am reading today morning:
HUL-GSK Consumer Merger (Mint)
Random Portfolio down 20%-40% (Nooresh)
Properties of IL&FS directors attached (MC)
Navy encashes bank guarantees of RNaval (BS)
Sector Watch: Capital Goods (Vriddhi Capital)
Company Profile: Prestige (Fortune)
On MF Distributors (Subramoney)
Bad Buybacks (Barry)
The Crypto Winter is here (Coin Desk)
The tale of two Bond Kings (City Wire)