Nokia which is the undisputed king of the Indian market is facing  not only increased competition in the high end space from smartphones by Apple,RIMM,Google and others but also in the low priced end. A number of Indian companies like Olive,Micromax etc have made inroads with cheaper and feature rich handsets. Nokia has a much […]

The junk quality of the IPO offerings in the Indian market is making new lows. Despite the markets making new highs most of these low quality issues are barely getting subscribed or even failing to get subscriptions altogether.After getting burned by Reliance Power 2 years ago , Indian investors are becoming more discerning in subscribing […]

After a bunch of junk IPOs that have flooded the market like Nitesh Estates ( subscribed 1.15 times ) , Tarapur Transformers that seems to have only retail and HNI investors till now,Tara Health Food ( hugely overpriced)  , Tawalkars Gym ( same overpricing) and Mandwana, we seem to have a quality IPO coming at […]

After two junk IPOs in the last 10 days in the Indian markets another one has come up.As I was refererring to in my last post I thought Nitesh Estates was a really low quality offering but Tarapur Transformers really takes the cake. It is raising around 125 crores at 50 times P/E and more […]

How do people invest in Indian real estate is beyond me. They are almost impossible to value, are mostly embroiled in cases,have short operating histories and a lot of them have dubious managment.Let me elaborate 1) I have not found a single brokerage report from the “sophisticated” banks that give any decent way to value […]

Orient Green Power Ltd (OGPL), is planning to raise  Rs 900 crore to fund its expansion plans of raising capacity to 1000 MW by 2013 from the less than 200 MW now.Shriram EPC, Bessemer andOlympus Capital are the promoters of this company started in 2007 . From its website OGPL is a leading renewable energy […]