Going Fast
Aug 4th, 2008 | By Ajit Dayal | Category: Emerging MarketsThe novice enters the stock markets looking for a quick buck. Many quick bucks. The investors who have been burnt before, approach their investment portfolios with more caution.
The novice enters the stock markets looking for a quick buck. Many quick bucks. The investors who have been burnt before, approach their investment portfolios with more caution.
Last week we saw sale of promoter’s stake in Ranbaxy, India’s largest generic pharma company, to Dii Ichi Sankyo of Japan. Ranbaxy, set up in 1961, was valued at $ 8.5 b. in the deal. During a prior week I had attended the analyst meet of Punjab National Bank, which, after 119 years, has grown to become the largest but one (after SBI) public sector bank.
When the UPA Government first came in, great hopes were placed on a well educated, sensible, triumvirate of Finance Minister, P Chidambaram, educated at Harvard, Prime Minister Manmohan Singh, (Cambridge and Oxford) and Planning Commission Chairman, Montek Singh, (Oxford).