"S A A R T H I" - The Guiding Star: Corrigendum

!!! W E L C O M E !!!

In INDIA, people generally relate to stock market as “EASY MONEY” or “SATTA BAZAAR”. For them it’s purely a GAME or matter of sheer LUCK and nothing more than that. But seldom do they know, by following certain PRINCIPLES and taking INFORMED decision, this same platform has the power to take them from rags to riches. No doubt, it has a certain amount of RISK attached to it. But every business or investment has it. What more, the Finance Ministry has already made the long term capital gain as TAX FREE whereas the short term capital gain is taxed at merely 10%. On the economic front, India’s GDP is growing and is expected to grow at scorching pace of more than 8%. Unfortunately, even today our market is being ruled and dominated by FIRANGI’s money. But I can see, the day is not far when our general PUBLIC will change its perception and start putting MOST of their savings in equities as an ** Investment **.

Remember, "K N O W L E D G E" and "P A T I E N C E" are the key to success.

Wednesday, January 9, 2008

Corrigendum – Bihar Tubes

In my report dated 5th Jan 2008 on Bihar Tubes, it has been erroneously mentioned diluted equity as Rs 9.60 cr instead of Rs 12.75 cr. This is because I didn’t calculate that 31.75 lac warrants are also eligible for 1:1 bonus issue. Accordingly I have downgraded my target to Rs 250 in next 12 months and would advise investors to buy only at sharp declines.

I am sorry for the miscalculation and request you all, to please download the revised report from below link.

Download Revised Report(PDF)

1 comment:

Anonymous said...: Compliments for accepting errors. You have taken blogging to new heights. Thanx for your visit to my blog for Free Indian Share Tips and I look for your constructive comments.
regards; January 11, 2008 at 8:20 AM