Indian Stock

stocktrendsindia.appspot · Newbie Joined: 04 Mar 2010 Posts: 1

Hi,
I am a new member, and just wondering why there are no active discussions on Indian stocks. Are there any members who are interested on Indian in particular?
Thanks.

rffrydr · Posted: Tue May 04, 2010 8:31 am Post subject:

Essar Energy weak flotation--a game of musical profits:

http://ftalphaville.ft.com/blog/2010/05/04/218221/essar-energy-fail/
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rffrydr · Posted: Mon Mar 08, 2010 11:27 am Post subject:

Looking outside of india is looking inside india. LEX on the new indian globalization --and (over)value in pocket to fund it:

Essar seeks listing

Published: March 8 2010 09:38 | Last updated: March 8 2010 15:51

With the tail wind of an accelerating economy and rising stock market behind it, corporate India is once again setting new records. Essar, one of the country’s biggest conglomerates, is considering raising $2.4bn-$3bn in a London listing of its oil and power assets. This would be the country’s biggest ever overseas listing, surpassing that of Sterlite Industries, which raised $2bn in New York in the heady days of June 2007. At the upper limit, the Essar listing would match that of Reliance Power, the country’s largest domestic initial public offering, and only rank behind follow-on issues by State Bank of India and ICICI in the pecking order of all Indian equity capital market operations.

Look at surging foreign direct investment and the growing trade intensity of India’s gross domestic product and it is the same story: India is globalising apace. Or take cross-border mergers and acquisitions: a number of pending transactions, including the move by Indian mobile operator Bharti on Zain’s African telecoms assets and that of Reliance Industries on bankrupt petrochemicals firm LyondellBasell, illustrate the self-confidence of South Asian predators. With the Indian market now on a price/earnings ratio of 26, compared to just 9 a year ago, companies have a valuable acquisition currency and easy means of refinancing debt with equity. At the current run rate, with deals involving Indian targets or acquirers worth $4.7bn already announced, 2010 should surpass last year’s $25.9bn. In outbound terms, Indian companies have so far this year already announced overseas deals worth $12.5bn, over half the previous annual record.
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Today is the Tomorrow you worried about Yesterday!

HenryTo · Posted: Sat Mar 06, 2010 11:32 pm Post subject:

Welcome to the Board! I second Bill's sentiments.

Recently, we penned a commentary on the possiblity of renewed inflationary pressures on the Indian economy:

http://www.marketthoughts.com/members/z20100221.html

Check it out and let us know what you think, if you get a chance.

Have a great weekend,
Henry

nodoodahs · Moderator Joined: 06 May 2005 Posts: 2408

You're welcome to start one! Very Happy

I'm U.S. based and generally get foreign exposure either through ETFs or ETNs (like INP which tracks an Indian index and associated currency effects since it trades in dollars), or through ADRs.

Love to learn more ... feel free to post.
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I haven’t seen a beatin’ like that since somebody stuck a banana in my pants and turned a monkey loose.