Friday, December 24, 2010

MERRY....

CHRISTmas!

3 comments:

Meenu said...

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santoshi prasad said...

A near one-fifth value erosion in A2Z Maintenance and Engineering Services, backed by billionaire Rakesh Jhunjhunwala , in its debut week is denting confidence of investors who follow him, which may make his other portfolio companies price their initial public offers reasonably.

The sliding value of the stock forced the Midas touch investor to buy more than 16-lakh shares from the secondary market in an attempt to boost his followers’ confidence, which also yielded him profits since he sold shares at a higher price in the IPO .

“Many investors behave like a herd and follow him,” says Aspi Beastie, a Mumbai-based investor, who heads the cost-accountancy firm Aspi Bhesania & Co. “Next time his IPO comes, people who used to trust him blindly, will be a bit cautious. In case of Reliance Power too, they had burnt their fingers and they will be cautious when any other IPO comes from the same group.” read more news please visit-: http://www.puntercalls.com

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