The Hindu Business Line : Investment is a flighty bird that needs to be controlled

Jogin sat glued to the TV watching the French Open Men’s Finals, Sridevi observed the World Environment Day by cleaning up her desk, Dakshinamoorthy tossed the coin for the umpteenth time to predict if fuel prices will be hiked the next day, but Khan pinged them all to assemble for the weekly market chat. Hop on!

Kay: Hi, love all! Not a message. I’m learning how to call out tennis score!

Jog: How I wish the index jumped from zero to 30, like my bike! :-)

Sri : I can see the cause for your happiness. There’s a buoyant trend in chart patterns. Tennis love is from French word oeuf, means egg!

Dax: Right, and it could continue in the near term, Sri! I mean buoyancy.

Jog: True, market movement was quite bullish last week, but…

Kay: A short-term correction is not ruled out, is that what you want to say?

Sri : Spoilsport! Next, you’ll talk about petrol and diesel price hike! :-||

Dax: Global crude price rise does worry me. Plus, the monsoon sandesh!

Kay: Okay, everybody, keep an eye on Gujarat Ambuja Cement.

Jog: I too feel it can see an upward trend, as it is set to trade on an ex-bonus and ex-stock split basis from this week.

Sri : GTN Textiles may see buying interest; it restructured its businesses.

Dax: Yes, they want to be more focussed. Focus on the journey...”

Jog: ... not the destination,” said Greg Anderson. Can I expect weakness in Cummins India stock? Give me your strong thought on this, Kay!

Kay: Investors may not take kindly to the move to demerge services business and merge it with a wholly-owned subsidiary of global dad!

Sri : FII flows continue to be anaemic. In a battle all you need to make you fight is a little hot blood and the knowledge that it’s more dangerous to lose than to win,” said George Bernard Shaw.

Jog: Yes, Sri. That makes me doubt sustainability of current bull mood!

Kay: Did you notice they’ve been net sellers on quite a few days when the markets have risen smartly? Is smart money shifting out of equities?

Dax: Smart kids ask questions,” said Marie Washington.

Sri : Stocks of public sector banks may show a firm undertone, I think.

Jog: Perhaps because of favourable vibes from men who count in sarkar?

Dax: Abstaining is favorable both to the head and the pocket.”

Sri : A quote of W. C. Fields. A strong, successful man is not the victim of his environment. He creates favorable conditions,” O.S. Marden.

Kay: HLL reached 150 on sustained buying. Given its sheer size, HLL is an obvious choice as leader in the FMCG sector.

Sri : The sector, after a long two-year lull, has started doing well and there could be more steam left in the likes of HLL.

Jog: Did you crunch last week’s numbers to see how the scrips we spoke about moved? Last Monday, HLL made 4.6 per cent return!

Sri : Yeah, Rain Calcin gained 2.17 per cent. Blue Star, Rei Agro, BHEL and Sintex made about 1 % in relation to previous Friday’s close.

Dax: I see wind in the SAIL. He enters the port with a full sail.”

Sri : Virgil’s quote, that is. SAIL is at Rs 50 or so, it saw some dip…

Kay: That was in the context of recent lowering of steel prices.

Jog: It can see higher purchases by investors who view a buying opportunity! We sail within a vast sphere, ever drifting in uncertainty, driven from end to end,” comforts Blaise Pascal.

Sri : Centurion Bank at roughly Rs 14.75. Any ideas, koi please?

Dax: Cent Bank is probably the lowest-priced stock in the banking domain. The radical of one century is the conservative of the next!”

Kay: Thus spake Mark Twain. The radical invents the views. When he has worn them out, the conservative adopts them.”

Sri : The bank recast its capital and passed a resolution to raise funds.

Jog: These steps may well trigger a northward move. Have we reached the climax? We want a story that starts out with an earthquake...”

Dax: ... and works its way up to a climax,” as Samuel Goldwyn said?

Kay: If you’re talking about Bhai vs Bhai settlement, it looks like so!

Sri : Explains why we can expect further upside in Reliance group shares.

Kay: Government is serious about banking reforms! SBI strikes my mind.

Jog: Buy it for long term. It may be long before the law of love will be recognised in international affairs,” opined Gandhiji.

Dax: Heard, Kale Consultants and Tube Investments are good investment bet.

Investment is a flighty bird which needs to be controlled,” Hicks.

Sri : The best investment on earth is earth,” said Louis J. Glickman!

Lee, with inputs from Mad, Nil, The and Sve.

Send in your views to: hat@TheHindu.co.in.

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