Source: ET
Category: ForecastingFolly
Hat Tip: Ujwal
Dalal Street’s finest at Goldman Sachs are giving price targets based on FY23E EPS and P/E !
This prediction was made on July 14,2014 when Nifty was around 7454.
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Forecasting Folly:CLSA Edition
Hat Tip: Aniruddha Jain
Around 5 months back,CLSA came out with a “Sell” recommendation on Biocon which led to a very public Twitter fight between the Biocon CEO and an analyst.
Biocon was trading around Rs.534 when CLSA issued the Sell Recommendation.
Its trading around Rs.723 today,up by almost 35% in the space of 5 months.
Forecasting Folly,anyone?
Hat Tip:Bond Lady
Here’s what well known investor Porinju Veliyath tweeted in Oct 2014.
Unitech @ 17.80 should appreciate by 50 to 100% in next one year or real estate prices should crash by 50%
— Porinju Veliyath (@porinju) October 27, 2014
Today Unitech closed at 4.15 Rs.
Forecasting Folly, anyone?