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Linkfest:Aug 20,2013
Some stuff I am reading today morning:
The Market Vs UPA (Firstpost)
PE Industry’s latest challenge:Zombie funds (Mint)
FMC thrashes NSEL figures (BS)
Vedanta’s 50,000 Crore blunder (ET)
Fed Fears reverberate in India (WSJ)
Why the bloodbath continued in rupee/debt markets (Moneycontrol)
Crisis has saved Germany 40 Billion Euros (Spiegel)
Bond King Bill Gross meditates…do you? (Marketwatch)
Dubai sees need for tallest office tower amidst 45% vacancy (Bloomberg)
7 Ways to generate brilliant ideas (BI)
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Indian Real Estate is headed for a bust
You have the Indian economy in a tail-spin,equities are hammered out of shape,the job market is the worst in years,the Rupee is plunging to new lows and yet real estate is doing well…thank you very much.
The report below by 99 acres makes for fascinating reading.Most realty destinations have provided eye popping returns in the last one year.Most real estate agents are in bad shape and yet prices show no signs of abating.
[gview file=”https://alphaideas.in/wp-content/uploads/2013/08/MumbaiReport_99acres_180813.pdf”]
So what’s next?
All signs (falling transaction volume,low credit offtake,low rental yields etc) point to a bust in the real estate market.The catalyst?Elections.
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Guess who’s collecting hafta?
Khemka on Vadra: It cannot be called business. It cannot be called a middleman coz even middleman does work. It was like a hafta collection
— Rahul Kanwal (@rahulkanwal) August 17, 2013
This post is in continuation of my 5 stocks series (see here)
Seeds & Crop Care stocks did well in the first half of August 2013 as can be seen from the table below:
| Symbol | Close on 31 July,2013 | Close on 16 Aug,2013 | Gain/Loss |
| MONSANTO | 626.9 | 606.1 | -3.32% |
| BAYERCROP | 1497.55 | 1536.85 | 2.62% |
| DHANUKA | 135.45 | 141 | 4.10% |
| PIIND | 127 | 132.9 | 4.65% |
| RALLIS | 137.9 | 144.75 | 4.97% |
| KSCL | 1488.65 | 1626.45 | 9.26% |
| UNIPHOS | 127.35 | 143.45 | 12.64% |
| ADVANTA | 102.2 | 117.6 | 15.07% |