Categories
Raoji's Corner

Vakrangee CEO butchers Tagore poem

Vakrangee stock price has been plummeting in the last few days.

Even today, it is at the lower circuit as can be seen below:

The management at Vakrangee is understandably perturbed and has released a Letter to shareholders explaining the situation.

This letter contained this excerpt:

The heading is of course a clear cut murder of Tagore’s famous poem ‘Where the mind is without fear’ which goes like this:

Where the mind is without fear and the head is held high
Where knowledge is free
Where the world has not been broken up into fragments by
          narrow domestic walls
Where words come out from the depths of truth
Where tireless striving stretches its arms towards perfection
Where the clear stream of reason has not lost its way into the
          dreary desert sands of dead habit 
Where the mind is led forward by Thee into ever-widening
          thought and action
Into that heaven of freedom, my Father, let my country awake.

Respected management of Vakrangee, a plummeting stock price does not give you permission to butcher one of our favourite poems

Categories
CoatTailing

Portfolio of Lazard in India

This post is in continuation of my coat tailing series (see here)

To know what other top investors are  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter

Lazard is a well known US based fund management company.

Their significant holdings as on 31 December,2017 as per stock exchanges is as given below:

Company Name NSE Symbol/BSE Code Entity Value (In Crores)
Axis Bank Ltd AXISBANK LAZARD EMERGING MARKETS EQUITY PORTFOLIO 1524.52
Mirza International Ltd MIRZAINT LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST 36.8
Hero Motocorp Ltd HEROMOTOCO LAZARD EMERGING MARKETS EQUITY PORTFOLIO 1273.46
Punjab National Bank PNB Lazard Emerging Markets Equity Portfolio 864.91
Welspun India Ltd WELSPUNIND LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST 66.79
Categories
Links

Linkfest: Februray 05,2018

Some stuff I am reading today morning:

Capital gains don’t accrue from any effort (Hasmukh Adia)

Budget 2018-An exercise in mindlessness (Rediff)

No chance of a rate cut (Tamal)

Investors could lap up ULIPs to skirt LTCG tax (BL)

For the insurance sector,this is a landmark budget (ET)

Time to buy or sell smallcaps? (Nooresh)

Is Chidambaram trying to crash the stock market? (Guardian)

After China,India saw most super rich citizens leaving (BS)

Factor Investing 101 (MC)

What motivates you to take action? (Seth Godin)

Categories
TopClicks

Top Clicks on Alpha Ideas This Week

Here are the most clicked items on Alpha Ideas this week:

Vakrangee Vs P C Jewellers (AI)

Have you no sense of Dharma, Mr. Jaitley? (AI)

Small Caps that can become multi-baggers (MC)

Order, Order, Order !! (AI)

Mega Trend: India Packaging (AI)

Top picks of Porinju Veliyath after budget 2018 (RJ)

15/15 Perfect Ratio (Amit)

Seat belts,condoms and the Indian Equity Investor (EightyTwentyInvestor)

The best financial move I ever made (Financial Samurai)

Budget Day movement of Nifty (AI)

Categories
Links

Weekend Mega Linkfest: 02 February, 2018

Some off beat reads for the weekend:

How Amazon rebuilt itself around artificial intelligence (Wired)

How GE went from American icon to astonishing mess (Bloomberg)

View from Pakistan on Padmaavat (Haroon Khalid)

Were the guests impressed? (Dawn)

The masterminds of Amit Shah (Gossip Guru)

Italy: Migrants are more profitable than drugs (Guardian)

Spoof: Guantanamo inmates cheer Trump (The Onion)

Felix Salmon and journalistic pay disparity (The Awl)

Profile: Vir Das (SCMP)

Alleppey: The Venice of the East (TeamBHP)

My Bambaiyya Hindi is better than your North Indian Hindi (Arre)

The only happy adult life is between marriage & first child (J Mathrubootham)

Don’t give your teens alcohol (Offspring Hacker)

On pole fitness (Mint)

Gandhi Smriti Diary (Outlook)