Promoters are increasing stake in sugar companies taking advantage of low valuations (more here)
Author: Raoji
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Linkfest:May 14, 2012
Some stuff I am reading today morning:
How Birla convinced Biyani to sell Pantaloon (ET)
Vijay Mallya:Habitually broke? (SuchetaDalal)
The fall of Niranjan Hiranandani? (Open)
Praful Patel and the fall of Air India (Caravan)
How to lose 1 Billion $ in 46 minutes (WSJ)
Chinese agents plotting to kill me:Dalai Lama (DNA)
36 Hours in Hyderabad (Nytimes)
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Paint Stocks on a Roll
Despite this bearish market, most Paint Stocks seem to be hitting their 52 week highs or are quite close to them
| Stock | Latest Close | 52 Week High |
| ASIANPAINT | 3623.85 | 3708.75 |
| BERGEPAINT | 129.85 | 129.85 |
| JENSONICOL | 2.85 | 6 |
| KANSAINER | 913.05 | 955.7 |
| SHALPAINTS(bonus adjusted) | 445.55 | 486 |
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What was that again?
“Equity markets should not occupy more than 20-30% of your liquid net worth because in the long run equities will not give much returns and it’s better to have a time horizon of two years, and no more, in this game.”-Shankar Sharma, CEO of brokerage First Global in an interview