Welcome back dear readers, here is your host wishing you all a very happy Diwali - may the festival of lights spark a recovery rally in the Indian stock markets. By the way, the early signs sure do look encouraging - Hang Seng and Nikkei are up by 5% each, so here is hoping a reversal in tides and fortunes for our stock exchanges as well.
Quite a surprise to see some stocks trading below their book values - take Suzlon Energy for example. To an analyst like me, it's a clear sign to pick up such a company as not only is it being currently being undervalued by the company, it also has sound fundamentals coupled with a strong management at the helm. Anyways, this is my opinion and does not reflect either my position or my company's! So, please don't sue either of us for voicing a positive opinion in such a bear market!
Iceland, Pakistan, Ukraine, Hungary - who is next is what must be running through everyone's minds! These are the 4 countries (to-date) who have sought IMF's help to tide over the current financial crisis. Read this article for more: http://www.livemint.com/2008/10/27092101/IMF-announces-aid-for-Ukraine.html
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