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Equity Research

FIIs Exit + Is Market OverSold ? Can One BUY Now ?

August 20, 2013April 18, 20202 min read

The market had its 3rd largest 1 day fall in 4 years falling 4% as the Government is Severely Paralyzed. Is the Indian Market Oversold ? Technical indicators including RSI, 200 DMA are getting close to but are not yet at over-sold levels. Fund manager survey indicate sentiment on India is at a lower end of last 12 month trend but not yet at extreme bearishness levels.

The single biggest factor making investors nervous on India is the currency [Well, impossible to stabilize if FII Withdraw at the rate they have done in June & July $10 Bn or Rs 60,000 Cr from Debt & Equity]. A stabilization of the currency would make us as well as investors more positive (more…)

Breaking Corporate India Earnings News

How RBI & Finance Ministry Killed the Indian Rupee ?

August 20, 20133 min read

The Indian Rupee Continues to Make New Low [Rs 64 in Todays Trade] against the US Dollar as the Finance Minister and his Cabinet Colleagues Continue to Govern Arrogantly without accepting the fact that they have performed the Worst. Foreign investors withdrew over $8 Bn in the Last Two Months as the Thugs of the Indian Government do not seem to understand the Economic Situation and are sticking to only one point Agenda of Social Spending[ Food Security, Rs 1 / Kg Rice etc] to Get Votes in the forthcoming elections.

Here are the moves by the Government that Led to the Collapse of the Indian Rupee and they are now shamelessly headed towards IMF for a Bailout Package. (more…)

Equity Research

Indian Banks in for Long Gloom Phase – Govt Policies Punishing The Good not Thugs

August 16, 2013April 18, 20203 min read

The incompetent Government of India under Scandalous Prime Minister, Dr Manmohan Singh Locked in Policy & Governance Paralysis displeased the Foreign Investors who are on a Selling Spree in Indian Debt & Equity over the last 2 Months has led to the sharp Fall in Indian Rupee. The RBI which is at loggerheads with the Finance Ministry over Monetary Policies took Drastic Measure to suck all excess Liquidity to stabilize the Indian Rupee has been in Vain as neither the Rupee halted its decline nor the Inflation came under control. All this has led to the Punishment of Citizens and Businesses operating under the ambit of RBI and Tax Authorities while the Goons & Thugs(Politicians) operating in the Black Money sectors of Gold, Silver and Real Estate are largely untouched by the impotent measures of the authorities.

How does Policy Paralysis of Govt & RBI Actions Affect Indian Banks ?
The recent liquidity tightening measures by RBI (more…)

Equity Research

Sanctity of Research – It Comes After the Crash Like Indian Police

August 7, 2013April 18, 20202 min read

Over the past few years, Equity Research has lost its sheen as it seldom predicts the future course for the market. One such classic case is that in India where corrupt Policy Makers are hardly worried about the Economy and the RBI & Finance ministry unable to control the Vital Economic Parameters resorted to extreme measures of sucking back the liquidity on July 17th and July 23rd. Since then in 10 Trading Sessions, the Banking stocks have been hammered by upto 50% from their 2013 Highs.

Morgan Stanley the mover and Shaker of the Indian Equity Market (more…)

Breaking Corporate India Earnings News

Art of Corporate Fraud – Vikash Metal & Power Limited

July 25, 20131 min read

We’d like to point out the Art of Corporate fraud which went unnoticed by the Chartered Accountants certifying the Books of Accounts of Listed Company – Vikash Metal & Power Limited. The NSE, BSE and the SEBI appear to be in deep slumber as we all know how the incompetent heads of these institutions are appointed and any honest efficient whistle-blower within the institutions is sent out.

Vikash Metal & Power Limited reports in its Books of Accounts a whopping Rs 9.04 Crore as Robbery. The books of Accounts are certified by CA. Rakesh Singh (MRN 067493) of Rakesh Singh & Co and the screenshot of the amount in question is as shown below. (more…)

Economy, Markets and Macro Views

Congress Governments Policy Failure & Corruption Puts RBI in Tough Spot as Rupee Hits Life Time Low

July 8, 2013July 8, 20132 min read

The Stagflation [Stagnancy of Reforms since Scams Broke Out + Inflation] prevalent in India, accelerated by Populist measures such as Free Food Security Bill for Votes [Costing the Nation Rs 125,000 Crore every Year] has put additional pressure on the Indian Rupee as it hit an all time low of Rs 61.53 against USD since independence in 1947. Indian Central Bankers, RBI is busy as it is caught between the Devil and the Deep Blue Sea and here is an excerpt of their strategies to protect Indians from the vested politics of Central Government.

Limited FX intervention RBI will intervene only to provide liquidity to FOREX markets and not to influence its direction. The central bank thinks (more…)

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