Around a year back, Dalal Street’s finest at Goldman Sachs came out with a list of “high conviction” picks.
Leading the recommendations was that poster boy of Corporate Governance-DLF which was then quoting at 167 Rs/share.
Goldman Sachs gave DLF a target price of Rs.292 to be hit in the next 12 months-a potential upside of 74.5%
Yesterday,DLF closed at Rs.120.7 per share.
Forecasting Folly, anyone?
Some stuff I am reading today morning:
Don’t trust the market’s big up days (Bloomberg)
Cash rich companies look safe bets (ET)
How to really buy insurance (VRO)
How to save money using 15G/15H (BeMoneyAware)
Conspiracy of the rich (Subramoney)
7 stock recommendations from Ambit (NDTV Profit)
Deutsche Bank:Stocks,bonds,housing at peak valuations (BI)
Would Seth Klarman buy his own book? (CIO)
World’s best investment for next 12 months (PE)
6 reasons for David Swensen’s success at Yale (Common Sense)
