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Links

Linkfest:June 12,2015

Some stuff I am reading today morning:

What ails the Indian stock markets? (Mint)

Musings on Earnings (Akash Prakash)

Kitex group to fight in Panchayat elections in Kerala (TOI)

Thoughts on the markets (Safir)

ICICI Sec Research Report:United Spirits (MyIris)

What good is history in investing? (Motley Fool)

Asia Central Bank policies spur bubbles (Bloomberg)

The power of term-term compounding (Alpha Architect)

Gold is winning in India (Daily Reckoning)

Staying out of your neighbor’s business (NYTimes)

Categories
Cartoon

Symbols of Wall Street

Categories
Links

Linkfest:June 11,2015

Some stuff I am reading today morning:

What happened to the great Indian bull run? (Mint)

How to go broke buying low and selling high in Chinese markets (Bloomberg)

Stocks under stress-Opportunity or trap? (BS)

Edelweiss Research:Mid-cap Marvels for June 2015 (RJ)

Stock Analysis:Repco Home Finance (Jana)

What the Essar diaries mean (MoneyLife)

The many roads to the poor house (Subramoney)

Billion $ Tech Babies (Aswath Damodaran)

Buy strength or get crushed (Daily Reckoning)

A lesson for dividend investors (RA)

Categories
Video

Doval:One more Mumbai and you lose Balochistan

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Excerpts

The case of the other Rakesh Jhunjhunwala

Shares in Surana Solar went on a tear over the past few days after it appeared from NSE data that ace investor Rakesh Jhunjhunwala had picked up 2.5 lakh shares in the firm on June 9.

But it soon turned out to be a case of a namesake of the Big Bull who had invested in the company rather than the billionnaire investor himself. This was confirmed to CNBC-TV18’s Varinder Bansal by the Big Bull himself who denied picking up any stake in the firm.

CNBC-TV18 learns that this bulk deal was brokered by Rajkot-based Sun Flower Broking and that the account bearing the name Rakesh Jhunjhunwala was opened by a Kolkata-based client of this firm. This account is not more than a month old. ADVERTISING The volumes in the Surana counter, which averaged about 1.5-2 lakh in the past two-three weeks, surged to about 75 lakh today.

Interestingly, the stock was up about 9.1 percent for most part of the day, before turning 20 percent lower, soon after CNBC-TV18 broke the news. The trade appears to be a classic pump-and-dump operation and sources said the trick may be repeated with other stocks.

–from MoneyControl