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Author: Raoji
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Linkfest:July 12, 2013
Some stuff I am reading today morning:
Naresh Goyal keeps his nose ahead (ET)
The exit of the middle class (Mint)
A bull run reaches exhaustion point (BS)
Eddie Lampert’s Sears strategy is a disaster (BI)
Carl Icahn’s no brainer may require lots of brains (WSJ)
When hedge funds go online (Reuters)
Hedge Funds are for suckers (Bloomberg)
4 mistakes that make everyone a bad investor (Fool)
How Google saved its employees from Wall Street (TRB)
How clothers should fit (Clothesshouldfit)
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Flying Sikh gets scorched
This post belongs to my This is India ! Series (see here)
There is lot of buzz about the yet to be released biopic on Milkha Singh (see trailer)
One event I will never forget about Milkha Singh happened during the National Games at Ludhiana in 2001.
The Flying Sikh, Milkha Singh is a relieved man. So is his wife Ms Nirmal Milkha Singh, after he had a providential escape while lighting the National Games torch at the inauguration of the XXXI National Games. While commenting on the incident Milkha Singh, without blaming anything on anyone said, “thank God everything is all right”.
The Flying Sikh had a narrow escape when, while posing for photographers near the cauldron, gas was release and the flames jumped out of it. These flames almost trapped Milkha Singh. However, his quick reflexes saved from any major injuries.
Though he appeared to be tense, yet he remained hail and hearty all through the cultural extravaganza that was so well presented by the artists drawn from different parts of the state. The eyewitnesses said, the laces of his shoes did catch fire but he managed to put them off instantly.-from Tribune
The next day’s papers carried the headline “Flying Sikh Gets Scorched”
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5 Stocks where LIC has huge stakes
Life Insurance Corporation of India is the biggest domestic daddy of the Indian Equity markets.
While researching for my Investor Wisdom Newsletter, I came across the holdings of LIC.Their five biggest holdings (% wise) as on 31 March, 2013 is given below:
| Symbol | No of shares | % |
| ORISSAMINE | 925000 | 15.42 |
| UNITEDTEA | 771496 | 15.44 |
| LT | 1.01E+08 | 16.45 |
| MTNL | 1.19E+08 | 18.81 |
| CORPBANK | 37757511 | 24.69 |
If you want to know more about what LIC bought and sold in the last quarter, mail me at Alpha Ideas
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This post is in continuation of my 5 Stocks Series (see here)
PSU Bank Stocks tanked in the first week of June 2013 as can be seen from the table below:
| Bank | Close on 28 June 2013 | Close on 5 July 2013 | Loss |
| UNIONBANK | 186.35 | 173.95 | -6.65% |
| INDIANB | 114.95 | 108.15 | -5.92% |
| UNITEDBNK | 48.9 | 46.1 | -5.73% |
| MYSOREBANK | 549.8 | 522.9 | -4.89% |
| MAHABANK | 52.55 | 50 | -4.85% |
| PNB | 650.85 | 625.2 | -3.94% |
| SBT | 508.65 | 490.4 | -3.59% |
| ORIENTBANK | 206.5 | 199.15 | -3.56% |
| BANKINDIA | 232.4 | 225.3 | -3.06% |
| SBIN | 1953.8 | 1894.45 | -3.04% |
| CANBK | 360.6 | 350.6 | -2.77% |
| BANKBARODA | 574.15 | 558.55 | -2.72% |
| SBBJ | 407.5 | 398.5 | -2.21% |
| PSB | 53.3 | 52.25 | -1.97% |
| DENABANK | 69.8 | 68.45 | -1.93% |
| IOB | 49.75 | 48.85 | -1.81% |
| ALBK | 90.1 | 89.1 | -1.11% |
| VIJAYABANK | 44.95 | 44.5 | -1.00% |
| CORPBANK | 349.9 | 348 | -0.54% |
| CENTRALBK | 61.8 | 61.7 | -0.16% |
| SYNDIBANK | 109.15 | 109.55 | 0.37% |
| IDBI | 70.85 | 71.6 | 1.06% |
| INDBANK | 3.85 | 3.9 | 1.30% |
| ANDHRABANK | 82 | 84.35 | 2.87% |
| UCOBANK | 61.75 | 65.15 | 5.51% |