DLF buyback at RS. 600 per share

Well, the markets sure are representing a roller-coaster ride - up by 60 points one day and down by 570 points the other day! It's a yo-yo ride and it's more down than up - and isn't that the most scary part? Going down, the earth rushes to meet you and embrace and then suddenly you are yanked and now you are going up, all the while knowing that the next turn is going to send you hurtling down once again! Ha ha, enjoy the ride guys! As I’ve mentioned earlier, it’s a great time to build your portfolio with a long-term view of at least 2-3 years.

I liked the positive steps taken by the management of DLF to boost its share price – the stock had slumped to a low of Rs. 350/- after touching a high of Rs. 1225/- a few months earlier.. The company had announced the decision to buyback shares at a price of Rs. 600/- per share.. It sure does represent a good premium to the current stock price and should boost the company’s share price in the near-term. Also, with DLF being the giant in the infrastructure place, one may expect the sentiments in the infrastructure to improve going forward.

Love Story vs. Jaane Tu?

Vs.

Oh well, today sure is a BIG day for moviegoers - two heavyweight films (1 claiming to be a sci-fi flick with a Hrithik Roshan look-alike while the other is a teeny romance story launching the nephew of Aamir Khan, the guy with a dog named Shah Rukh). While chances of me watching either of the movies is pretty slim, I did skim through the reviews posted on Rediff.. So, I thought, why not, I shall share the same with you! Click here and here for the review of Love Stroy 2050 .. And click here and here for the reviews of Jaane Tu ya Jaane na!

Well, both movies got some new faces but its Jaane Tu... that is my pick from the two! I simply love the Aditi song from this movie!

By the way, this blog on the Indian Economy is simply awesome! And also an article which pins the blame of rising food prices on Biofuels, not India!

Patience, dude, Patience!

I have often found myself praying to God, asking him to grant me some patience and asking him to make it fast! I've so often heard people saying that those who wait for the right opportunity get the best offers! Now isn't that weird - how do you know what is the right opportunity and what is not? What quality of one offer makes it the best while making others look worse? I mean, it's only now when I look back at my earlier years can I say for sure that yes, that was the right thing to do and that wasn't.. But for someone who started his professional career only a couple of years back, how can I tell instantly which offer is best and what is the right opportunity? Is it necessary that the right opportunity has to come with the best offer????

Give me a decade.. else, atleast another 5 years, and then maybe I can tell you whether I made the right professional choices or not but hearing people repeat such sayings over and over again sure makes me see red! :-)

Grrrr... Nice take on patience though ... The pic is taken from here.

Up, up and away!

Hey readers, Gmail has finally been banned in office and after 30 months since first joining this company, I've resigned -- well, I'd expected to feel sad and nostalgic but currently I feel pretty numb!

Anyways, what a stupendous rise in the indexes today - over a 5% increase. The markets needed a positive sign and with DLF signalling a shares buyback, the investors simply gave in to the news, with the realty index rising by over 12%.. Sure was good news for a sector that had born the brunt of the negative market sentiment in the last 6 months!

More on this and the above later - time for me to head home now!