This post is in continuation of my 5 Stocks Series (see here)
5 of the worst performing Nifty stocks in June 2013 so far are listed below:
| Symbol | Close on 31 May,2013 | Close on 20 June,2013 | |
| JINDALSTEL | 284.45 | 221.95 | -21.97% |
| SESAGOA | 163.9 | 139.85 | -14.67% |
| BHEL | 200.55 | 171.35 | -14.56% |
| AXISBANK | 1430.55 | 1239.8 | -13.33% |
| INDUSINDBK | 517.3 | 449.25 | -13.15% |
This post is in continuation of my Investor Presentations series (see here)
[gview file=”https://alphaideas.in/wp-content/uploads/2013/03/IP-Q3-FY13.pdf”]
Today there was a press conference by Cobrapost where they alleged that HDFC Bank,ICICI Bank and Axis Bank indulged in money laundering.
The markets saw this breaking news conference and yawned.At the time of writing this,
Axis Bank (-0.82%)
HDFC Bank (-0.33%)
ICICI Bank (-0.47%)
These declines are par for the course when Nifty is down by 0.18% and Bank Nifty is down by 0.13%
Does this mean that the markets already knew this “news” or does it mean that markets know that these banks will not face any material fines/penalties?
This is India !