The Hindu Business Line : Hard to sweep bad news under the carpet

Khan was worriedly studying the US foreclosures data. Dakshinamoorthy was tabulating patents filed info, company wise. And Sridevi was charting the scenarios post a likely rise in petrol/diesel prices. Till Jogin reminded them all about the market chat. Log in!

* * *

Jog: Hi. Study the fundamentals…

Kay: Of small/mid caps before paying heed to ‘news’!

Sri: Friday’s US jobs report has rattled the markets.

Kay: August payrolls fell by 4,000 while economists…

Dax: Were expecting a growth of 1,10,000.

Jog: Reverberations will be felt in our markets…

Sri: More negatives: Crude is moving up…

Dax: Towards $78 again! And Yen is strengthening.

Kay: Against the US dollar. LIBOR hitting a 6-year high!

Sri: We are getting back to a stage where it will be…

Jog: Hard to sweep the bad news under the carpet.

Dax: Oil marketing companies, HPCL, BPCL, IOC…

Kay: Stand to gain if sarkar raises petroleum prices.

Jog: Will they? Any news about last week?

Sri: Here! Mah Scooter rose almost 15% last Monday. Rel Pet was up 6% and Polaris Soft, 5%. Indian Bank gained 4%, and Praj half that much on Sep 3. Andhra Bank earned a profit of about 1%, while Chambal Fert and Sesa Goa ended that da y on a +ve note.

Kay: Was reading about $4.5 billion options!

Jog: Catastrophe bet! Massive Wall Street puts…

Dax: Exide Ind aims at raising funds for expansion.

Kay: The stock is nowhere, though! Decent volumes.

Sri: Strategic investment in ING Insurance.

Jog: Should prove to be good over a period of time.

Kay: Orissa Sponge Iron & Steel up over 100 per cent!

Jog: In the past one month. Attracting volumes.

Dax: Management is tight-lipped. Sujana Metals…

Sri: BAG Films and Premier Explosives changing…

Kay: Business dynamics in the next couple of years.

Jog: Worth following the updates.

Sri: Calculate the bet right if you are in Tide Water!

Kay: Chennai, Mumbai property sale plans priced in.

Jog: Look into e-based growth windows of Macmillan...

Kay: and Navneet? Study the market logistics…

Dax: Of All Cargo and GE Capital Transportation?

Sri: For the long run. Pharmaceutical counter…

Dax: A good contrarian bet in this market.

Kay: Cipla, Ranbaxy, Aurobindo look interesting.

Sri: UCO, the lowest-price bank stock now.

Jog: Planning another issue? Improving numbers.

Dax: NPA management tricky issue nevertheless.

Sri: New life for Malar Hospital?

Kay: After Fortis Healthcare’s interest!

Dax: Stock surged 13% on Friday.

Kay: “Life’s composition be recurred,” sings the Bard.

Sri: Geojit and Indiabulls to see some action?

Jog: As Motilal Oswal lists this week.

Kay: Seismic shifts in Alphageo, in seismic services…

Jog: For upstream oil industry! Up 18% last week.

Sri: Bongaigaon Refinery could be accumulated.

Jog: Stock on up trend. Could rise to be a multi-bagger!

Kay: Awaiting news announcement…

Sri: With Religare’s open offer

Jog: Asian CERC? Could witness buying interest.

Kay: An upside revision of the offer possible?

Jog: Bata, the MNC shoe company, starting ‘real’!

Dax: Estate development business advertisements.

Kay: Mini-township near Kolkata. Good revenue?

Sri: Will it reflect on the stock too? “Of great estate…”

Jog: “…of fresh and stainless youth,” as in Twelfth Night.

* * *

Lee with inputs from Lok, Nil, Vim, Bad, Sri, Vid and Jay.

Blog at http://MarketChat.blogspot.com

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