
Basant Maheshwari is beaming with joy because the stocks that he boldly declared to be a “blind buy” are surging thanks to the incentives offered by NAMO in the Budget. Experts say that there is more upside to these stocks
NAMO has been flayed by the intelligentsia for the handling of the JNU-Kanhaiya affair and the EPF-tax fiasco. However, it is possible that both of these issues are actually red herrings designed to distract the opposition and divert their attention from more pressing issues. The ace stock pickers also appear to have fallen victim to NAMO’s gambit
Prashant Jain, the whiz-kid fund manager of HDFC Mutual Fund, who is under fire for the under-performance of his funds, has candidly admitted that he is under a “lot of pressure”. He has, however, defended his stock picks, on the basis that he is “ahead of the market cycle”. He claims that the cycle is about to turn and that his old-economy warhorse stocks will soon be back in demand and that this will lead to heavy out-performance of his funds
The stock markets appear to be euphoric about NAMO’s budget if you go by the spectacular rally seen in the past two days. However, eminent pundits are skeptical and have sounded the caution that the economy is in a bad shape and that there is little in the Budget to revive it. They warn that there is more downside to the market
Radhakishan Damani’s tryst with the Forbes Billionaire Club has been a short one. He entered the Club last year in the midst of much fanfare but has been unable to hold on to the position. However, there is no reason to despair because a slight uptick in the stock market should put the ace stock picker back in the reckoning
Raamdeo Agrawal has issued the clarion call that investors have to stop worrying about petty issues and focus on the long term. He says that India is poised to grow from a $2 Trillion economy to a $10 Trillion economy by 2030 and that investors will make tons of money from stocks. This will happen even if Rahul Baba comes into power is his confident assertion
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