Source: Prabhudas Lilladher Research Report
Author: Raoji
Categories
The Booming Fintech Scene in India
Categories
Linkfest: 28 August, 2018
Some stuff I am reading today morning:
Berkshire Hathway confirms investment in Paytm (CNBC)
BMC now allows events at NESCO (TOI)
On Bandhan Bank’s bid for PNB Housing (ET)
Games Indian Banks play (Andy Mukherjee)
The policy maker Vs the promoter (FE)
Why petroleum dealers are angry with the Modi Govt (Rediff)
Stock Analysis: Bodal Chemicals (Dr Vijay Malik)
Wabco India: Brake Point (Forbes)
Of investment advice and advisors (Bala)
Who’s afraid of Abby Johnson of Fidelity (Boston Mag)
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NESCO : Maun Vrat
Over the weekend, the social media was abuzz with a letter that NESCO will not be permitted to hold exhibitions.
In today’s Times of India, there was an article which corroborated the news.
Now, Exhibitions are an important part of NESCO’s business, accounting for 35% of Revenues and 43% of Operating Profits
Not surprisingly, the stock tanked 10% today immediately on open.
What is shocking is the fact that the NESCO management did not consider it fit to inform shareholders (as on today 11 am) of this very important market moving Event.
Source: Manoj Nagpal