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The National Stock Exchange today said Reliance Share and Stock Brokers has surrendered its membership from the wholesale debt market (WDM) segment on the bourse.
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The company had applied for surrendering its WDM membership and its has been approved by the exchange, a NSE circular said.
Reliance Share and Stock Brokers had last traded on the WDM segment on October 8, 1999.
In late 2006, Reliance Share and Stock Brokers, an Anil Ambani group firm, had been put under a four-month suspension for violating fair business practices by market regulator SEBI. But the Securities Appellate Tribunal had let off the company after paying a fine of Rs 50 lakh.
The company had appealed against the market regulator's order dated December 11, 2006, but SAT agreed for disposal of the case on the plea that the applicant offered to pay the fine on the basis of a formula approved by SEBI and a High Powered Advisory Committee.
In its final order dated December 7, 2007, SAT disposed off an appeal filed by RSSB on terms agreed with the regulator and said the previous SEBI order stands withdrawn.
According to the SEBI order of 2006, RSSB flouted fair business practices on as many as 13 counts with violations like artificial trade pricing, omission in mentioning relevant entries in contract notes, conversion of trades to client traders, and unfair trade practices in violation of laws among others.
Reacting to the order, an RSSB official had said then the action was related to alleged procedural defects in the period 1999-2000, when RSSB was part of the combined Reliance group.BS-
...
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Hi,
Tuesday August 5, 03:09 AM A rival for Sensex? Dow Jones unveils India Titans Index
By ENS Economic Bureau
A rival for the fabled Sensex is on the anvil. Rupert Murdoch-owned Dow Jones Indexes - which owns the widely tracked Dow Jones Industrial Average index that covers 30 large US companies listed on the New York Stock Exchange - has unveiled a blue chip index for India. The Dow Jones India Titans 30 Index will measure the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE
...
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Hi,
Tuesday August 5, 03:13 AM
Coal ministry to seek Cabinet nod for regulator
By Priyadarshi Siddhanta
The coal ministry will soon seek the Cabinet's approval for setting up a regulator for the sector. If given the go-ahead, it will end state-run giant Coal India Limited's (CIL's) power in deciding prices of the fuel.
"The Ministry has prepared a Cabinet note and has circulated it to concerned departments. After incorporating their views, a final note will be placed before the Cabinet," a senior Coal Ministry official told The Indian Express. A blueprint for the Coal Regulatory Authority Bill, 2008, is in the works, and will likely be tabled in the coming session of Parliament, he said. ...
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T Gnanasekar of Commtrendz Research feels that the fundamental news is not good as we are getting into a lean period. According to him, traders would not be willing to sell crude and the pullback could continue higher towards USD 129-130 per barrel and find support at these levels. ...
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I think this is speculative to say that crude has support at higher level. Crude could touch USD80 per barrel, Then it would again fall more n more due to US fed rate tightening begins. It is expected that US FED might start tightening the rates once crude touches USD 100. or below that. So, lower levels would be again broken on down side. There is no escape in crude now....
In reply to:
See crude support at $129-130/bbl: Commtrendz Res
Posted by :
MMB Messenger
T Gnanasekar of Commtrendz Research feels that the fundamental news is not good as we are getting into a lean period. According to him, traders would not be willing to sell crude and the pullback could continue higher towards USD 129-130 per barrel and find support at these levels. 
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jost eng announce very poor result...
In reply to:
Asian markets trading lower
Posted by : MMB Messenger
Asian markets were trading lower. China's Shanghai Composite fell 1.17% or 32.73 points at 2,769.08. Japan's Nikkei slipped 1.02% or 133.53 points at 12,961.06. Hong Kong's Hang Seng plunged 0.99% or 227.26 points at 22,635.34. Taiwan's Taiwan Weighted slipped 0.30% or 21.02 points at 6,981.52.
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Asian markets were trading lower. China's Shanghai Composite fell 1.17% or 32.73 points at 2,769.08. Japan's Nikkei slipped 1.02% or 133.53 points at 12,961.06. Hong Kong's Hang Seng plunged 0.99% or 227.26 points at 22,635.34. Taiwan's Taiwan Weighted slipped 0.30% or 21.02 points at 6,981.52....
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Hi,
I read this report which is interesting
Can we apply here?
"This Indicator Is Right 95% of the Time... It Says Buy!
By Dr. Steve Sjuggerud
August 1 , 2008
Since 1995, this stock market indicator has flashed "buy" on 41 days.
If you'd bought stocks the day it flashed, and simply held three months, you'd have made money 39 out of 41 times – that's 95% of the time!
The largest of the two losses was -1.7%. Meanwhile, the biggest gain was 33% – in three months. The average gain was an incredible 13% in three months. That's not an "annualized" number... 13% is what you would have made in three months.
I tell you this because the indicator flashed again on July 10.
Fortunately, you haven't missed the gains yet...
The stock market is only up about 2% since the indicator flashed. To equal their average 13%gain in "buy" mode, stocks still have to rise another 11% in just over two months.
The indicator is simple. It's from Jason Goepfert, who runs sentimenTrader.
The indicator is simply the difference in "Smart Money" Confidence versus "Dumb Money" Confidence. Jason says:
If the Dumb Money Confidence is at 100%, then that means that these bad market timers are supremely confident in a market rally. And history suggests that when these traders are confident, we should be very, very worried that the market is about to decline.
When the Dumb Money Confidence is at 0%, then from a contrary perspective we should be [buying stocks], expecting these traders to be wrong again and the market to rally.
Jason's "confidence indexes" are built based on real money – what real traders are actually doing.
In mid-July, the "Dumb Money" (essentially small traders) was remarkably scared. Jason's Dumb Money Confidence Index dropped to 17%. Readings this low are incredibly uncommon. Meanwhile, Smart Money Confidence stood at 67% – a whopping 50-point spread.
Whenever this spread hits 50 points, history says you have a 95% chance of making money over the next three months... with an average gain of 13%.
In general, I've found sentiment indicators are difficult to use as timing indicators. The results look good. But as they say, past performance is no guarantee of future results. It's better to use a sentiment indicator like this one from Jason as a "get ready to buy" or "get ready to sell" indicator.
Still, the timing this month wasn't bad... The indicator flashed on July 10, and the market appears to have bottomed just three trading days later, on July 15. Since then, the market has spent the last two weeks fighting its way into an uptrend. So far, the "up" move has been so weak, we can hardly call it an uptrend yet. But it's trying.
Actually, when you step back and size things up, we're very close to an ideal situation for making money in stocks:
1) Stocks are relatively cheap now... For example, the forward price-to-earnings ratio of the Dow is only 12.5 today.
2) Investors are scared, as Jason's Dumb Money Confidence Index shows.
3) We're just missing the uptrend.
But the market is trying... And Jason's indicator has a formidable track record. In short, we could be close to a great time to buy U.S. stocks.
Good investing,
Steve...
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Market is looking very weak in this weak regarding to weak global cues,inflation,CRR hike,repo rate hike,crude oil.So be bearish in such type of markets and be short in this markets...
In reply to:
Buy MCX Gold Aug at Rs 8830
Posted by : MMB Messenger
www.financeandstockadvice.blogspot.com
Posted by : adityabanyalTracked by: 0 Boarder
Dear NODIK
What scoail angle are you talking of. Social angle of deprivation and inspector raj? All the so called ills of two decades back emanated from inspector raj and not reliance. At a time when companies like Exxon Mobil, Shell and Chevron were expanding globally, Indian companies were suppressed by the then prevalent inspector raj. If that was not the case, India by now would have been self reliant for most of our hydrocarbon needs and we would not have been looking at global oil prices on a daily basis. If you are so concerned about social angle then better quit equities and put all your money in postal department saving schemes and relax.
Aditya...
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Wait for a relisting
If the company is in good financial health and relists, the issue can be taken up again. DLF, for instance, delisted from BSE in 1982 citing an increase in listing fee, and from the DSE in September 2003. There were over 1,300 shareholders who continued to hold its shares. So when the company relisted, it was forced to listen to them and offer compensation.
There is no way of knowing that a company will vanish, but a little homework before investing helps. Barely 50% of investors rely on prospectus before investing, most basing their decisions on past issue performances or hearsay. They must take into account all available information to avoid the nasty surprise of being stuck with dud shares in a delisted company.
MoneyToday......
In reply to:
Avoiding the delisting trap {}
Posted by :
latikav
Collateral damage--One problem of holding on to dud stocks is that you cannot claim losses under “capital gains” as it is neither a transfer nor a sale of shares or extinguishment of right. Another problem is in closing the demat account. The depository participant can close your demat account only if you have zero balance and that is impossible as the companies have been delisted and you cannot sell or transfer the shares. It is possible to achieve zero balance if you rematerialise your shares, that is, re-convert to physical shares, but this option is no good either. As there is a high probability that the delisted company has disappeared, who will rematerialise your shares? Which means you have to keep paying for holding on to the stocks and the demat account.
What you can do
Once a company has been delisted, there is nothing much you can do. However, there is hope in case of companies that have been suspended for non-compliance. One, there is a chance that they will comply. Two, you can keep track of such companies and complain to the exchange to trace them and request compliance, especially if it has been suspended for a technical lapse. There is time enough to do so as the company is usually not delisted for a few years. However, once the company is put in the “unknown” (or untraceable companies) list, even that option is lost.
Suspensions can be revoked if a company falls in line, but most don’t and end up being delisted. A company can relist after a cooling-off period of two years and after meeting other requirements, but they rarely do so. Given these worst-case scenarios, try to avoid hitting this dead end.
Buy what you know
Despite being able to buy blue chips in small lots, many investors chase lowpriced stocks in the hope of big returns. Don’t invest in unknown, low-priced stocks unless you understand the associated risks—suspension and delisting being one of them—and are willing to put up with these. If not, stick to known companies that are good, running businesses and whose stock is traded in good numbers every day.
Track your stock
If you can’t resist taking a punt on penny stocks, at least track them. Given their obscure nature, you need to be more involved in this exercise than you would for frontline stocks. If a company doesn’t disclose its results or send you annual reports, or delays dividend payments, it could be headed for trouble. Stock exchange notices that haul up a company for violations are also warning signs. According to a BSE spokesperson, “The Sebi (Delisting of Securities) Guidelines 2003 provide an investor the right to claim compensation from the promoters. However, in their best interests, the investors have to monitor the quality of their investment constantly and take corrective measures before it is too late.”
Check with other stock exchanges
If the shares are delisted, check if they are also delisted from all the stock exchanges where they were initially offered. Usually, delisting first takes place from the optional stock exchanges, not from the regional stock exchanges.
Approach the regulator
According to Sebi’s delisting guidelines, promoters of defaulting companies are liable to buy shares from the investors wanting to exit. For this, you have to approach the exchange, which will appoint an arbitrator. After hearing you and the promoter, if present, he will decide the price at which the promoter has to buy your shares. Again, it’s good on paper, but not enforceable, as promoters can’t be tracked down and forced to pay up. Your best option is to avoid a ride with these fly-by-night firms.
continued..
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Collateral damage--One problem of holding on to dud stocks is that you cannot claim losses under “capital gains” as it is neither a transfer nor a sale of shares or extinguishment of right. Another problem is in closing the demat account. The depository participant can close your demat account only if you have zero balance and that is impossible as the companies have been delisted and you cannot sell or transfer the shares. It is possible to achieve zero balance if you rematerialise your shares, that is, re-convert to physical shares, but this option is no good either. As there is a high probability that the delisted company has disappeared, who will rematerialise your shares? Which means you have to keep paying for holding on to the stocks and the demat account.
What you can do
Once a company has been delisted, there is nothing much you can do. However, there is hope in case of companies that have been suspended for non-compliance. One, there is a chance that they will comply. Two, you can keep track of such companies and complain to the exchange to trace them and request compliance, especially if it has been suspended for a technical lapse. There is time enough to do so as the company is usually not delisted for a few years. However, once the company is put in the “unknown” (or untraceable companies) list, even that option is lost.
Suspensions can be revoked if a company falls in line, but most don’t and end up being delisted. A company can relist after a cooling-off period of two years and after meeting other requirements, but they rarely do so. Given these worst-case scenarios, try to avoid hitting this dead end.
Buy what you know
Despite being able to buy blue chips in small lots, many investors chase lowpriced stocks in the hope of big returns. Don’t invest in unknown, low-priced stocks unless you understand the associated risks—suspension and delisting being one of them—and are willing to put up with these. If not, stick to known companies that are good, running businesses and whose stock is traded in good numbers every day.
Track your stock
If you can’t resist taking a punt on penny stocks, at least track them. Given their obscure nature, you need to be more involved in this exercise than you would for frontline stocks. If a company doesn’t disclose its results or send you annual reports, or delays dividend payments, it could be headed for trouble. Stock exchange notices that haul up a company for violations are also warning signs. According to a BSE spokesperson, “The Sebi (Delisting of Securities) Guidelines 2003 provide an investor the right to claim compensation from the promoters. However, in their best interests, the investors have to monitor the quality of their investment constantly and take corrective measures before it is too late.”
Check with other stock exchanges
If the shares are delisted, check if they are also delisted from all the stock exchanges where they were initially offered. Usually, delisting first takes place from the optional stock exchanges, not from the regional stock exchanges.
Approach the regulator
According to Sebi’s delisting guidelines, promoters of defaulting companies are liable to buy shares from the investors wanting to exit. For this, you have to approach the exchange, which will appoint an arbitrator. After hearing you and the promoter, if present, he will decide the price at which the promoter has to buy your shares. Again, it’s good on paper, but not enforceable, as promoters can’t be tracked down and forced to pay up. Your best option is to avoid a ride with these fly-by-night firms.
continued.....
In reply to:
Avoiding the delisting trap {}
Posted by : latikav
Welcome once again to the dark side of stock markets. Despite the renewed focus on investor protection by regulators and stock exchanges, there are companies that continue to tap the market for funds and vanish without a trace or are struck off the exchange for violations. These delisted companies leave in their wake a trail of clueless investors who have been cheated out of a fair value of their investments.
While a massive delisting exercise took place in June 1995, when 209 companies were delisted, it happened again in April 1996 (87 companies) and February 1997 (168). In the latest such move by the Bombay Stock Exchange (BSE) in 2004, 885 out of a total of 5,500 listed companies were struck off. While some of these were profit-making companies, others had a healthy book value per share, and so could tap the stock market for funds again. But what about the nearly 10 lakh shareholders who had bought shares in these companies? A majority weren’t even aware of the exercise as the exchange is under no obligation under the Sebi (Delisting of Securities) Guidelines 2003 to tell them when companies delist or are delisted.
“The pathetic monitoring of listed companies, non-enforcement of financial penalties (up to Rs 25 crore) under the Securities Contract (Regulation) Act 1956 and mechanical delisting by BSE has rewarded corporate misgovernance at the cost of small investors,” says Virendra Jain who runs investorhelpline. in. It has received hundreds of complaints against firms delisted in 2004.
Delisting can take place in two ways—voluntary and compulsory. In case of the former, the promoters approach the exchange and are allowed to delist after they fulfill the specified Sebi guidelines. However, it is the compulsory delisting for noncompliance with the terms of the listing agreement that creates most problems for individual investors. The delisting process begins when the exchange issues a notice to the errant company. If it doesn’t respond or comply within a certain timeframe, the company is suspended. If it continues to play rogue for another six months, it can be delisted. But exchanges normally don’t follow the guidelines and give the company 3-5 years to comply before delisting it.
The exchanges justify hauling up such firms, saying they are within their rights to ask them to conform to regulations that are meant to promote good investing practices. The companies are even granted a grace period to fall in line, they argue. And as most violations relate to non-payment of annual listing fee, the exchanges say that they are providing a commercial service for which they deserve to be compensated. For instance, the companies with a share capital of up to Rs 5 crore have to cough up an annual listing fee of not more than Rs 10,000. That is small change for any listed company and promoter.
Delisting is the final step in a long, winding tale. The problem for investors begins when an exchange suspends trading in a company’s shares indefinitely. For investors, the implications are the same as delisting— they cannot sell their shares.
Who is to blame?
On the face of it, the primary responsibility appears to lie with the stock exchange concerned as it is the platform where the funds are raised and the only direct link with the companies. So it would seem natural that it should track the companies regularly and ensure compliance with the requirements under the listing agreement, instead of mechanically suspending and delisting them.
But, according to the BSE, “Before suspending companies which are non-compliant, we give adequate notice to the market and media (through releases and advertisements). The existing shareholders should track these notices issued by the exchange.”
So the responsibility also lies with the investors, who need to play a proactive role by keeping a close tab on the companies they have invested in. As for the notice period, it is often inadequate. At present, exchanges don’t have to forewarn investors about suspensions. In some cases where a notification is issued, the standard 10 days’ period is not enough for the news to trickle down to investors or for them to act. Experts say there should be a longer period to give investors a chance to exit. The counter-argument is that the time doesn’t matter; those who track it will spot it, those who don’t will miss it anyway.
continued.........
Tracked by: 0 Boarder
Welcome once again to the dark side of stock markets. Despite the renewed focus on investor protection by regulators and stock exchanges, there are companies that continue to tap the market for funds and vanish without a trace or are struck off the exchange for violations. These delisted companies leave in their wake a trail of clueless investors who have been cheated out of a fair value of their investments.
While a massive delisting exercise took place in June 1995, when 209 companies were delisted, it happened again in April 1996 (87 companies) and February 1997 (168). In the latest such move by the Bombay Stock Exchange (BSE) in 2004, 885 out of a total of 5,500 listed companies were struck off. While some of these were profit-making companies, others had a healthy book value per share, and so could tap the stock market for funds again. But what about the nearly 10 lakh shareholders who had bought shares in these companies? A majority weren’t even aware of the exercise as the exchange is under no obligation under the Sebi (Delisting of Securities) Guidelines 2003 to tell them when companies delist or are delisted.
“The pathetic monitoring of listed companies, non-enforcement of financial penalties (up to Rs 25 crore) under the Securities Contract (Regulation) Act 1956 and mechanical delisting by BSE has rewarded corporate misgovernance at the cost of small investors,” says Virendra Jain who runs investorhelpline. in. It has received hundreds of complaints against firms delisted in 2004.
Delisting can take place in two ways—voluntary and compulsory. In case of the former, the promoters approach the exchange and are allowed to delist after they fulfill the specified Sebi guidelines. However, it is the compulsory delisting for noncompliance with the terms of the listing agreement that creates most problems for individual investors. The delisting process begins when the exchange issues a notice to the errant company. If it doesn’t respond or comply within a certain timeframe, the company is suspended. If it continues to play rogue for another six months, it can be delisted. But exchanges normally don’t follow the guidelines and give the company 3-5 years to comply before delisting it.
The exchanges justify hauling up such firms, saying they are within their rights to ask them to conform to regulations that are meant to promote good investing practices. The companies are even granted a grace period to fall in line, they argue. And as most violations relate to non-payment of annual listing fee, the exchanges say that they are providing a commercial service for which they deserve to be compensated. For instance, the companies with a share capital of up to Rs 5 crore have to cough up an annual listing fee of not more than Rs 10,000. That is small change for any listed company and promoter.
Delisting is the final step in a long, winding tale. The problem for investors begins when an exchange suspends trading in a company’s shares indefinitely. For investors, the implications are the same as delisting— they cannot sell their shares.
Who is to blame?
On the face of it, the primary responsibility appears to lie with the stock exchange concerned as it is the platform where the funds are raised and the only direct link with the companies. So it would seem natural that it should track the companies regularly and ensure compliance with the requirements under the listing agreement, instead of mechanically suspending and delisting them.
But, according to the BSE, “Before suspending companies which are non-compliant, we give adequate notice to the market and media (through releases and advertisements). The existing shareholders should track these notices issued by the exchange.”
So the responsibility also lies with the investors, who need to play a proactive role by keeping a close tab on the companies they have invested in. As for the notice period, it is often inadequate. At present, exchanges don’t have to forewarn investors about suspensions. In some cases where a notification is issued, the standard 10 days’ period is not enough for the news to trickle down to investors or for them to act. Experts say there should be a longer period to give investors a chance to exit. The counter-argument is that the time doesn’t matter; those who track it will spot it, those who don’t will miss it anyway.
continued............
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I recently came to know the calculation methodology of DOW JONES INDUSTRIAL AVERAGE (DJIA or DOW), the most tracked and sentiment influencing index in the world and was surprised how poor a reflector it is of the returns from the portfolio of its components.
How it is calculated : Check the link
investopedia dot com/articles/02/082702.asp?Page=2 ( unfortunately it doesn’t allow me to post messages with words dot com and w w w)
DJIA is a price weighted index whereas most other are “marketcap-weighted” indices - like our NIFTY and SENSEX. While Nifty is "total marketcap-weighted", Sensex is "free-float marketcap weighted".
Now the whole point of tracking an index is to see how much money investors have made from the portfolio, i.e % returns. And it is here that DJIA fares very poorly.
I tried to find out what the returns from DOW would be if it were "marketcap weighted" instead of “Price-weighted" and found that contrasting behaviour.
To give an example, consider two stocks in your portfolio A and B. On day 1 - Let A's Mcap be Rs.3000 consisting of 100 shares and Market price of 30/share. Let B's market cap be Rs.10000 consisting of 500 shares and a market price of 20/share.
On day 2, let's say Price of A increases by 5% and price of B increases by 3%. How much would the investor earn on his portfolio? Absolute change in portfolio value is Rs.450 and % change is 3.46% based on Mcap. So if Day 1 the index value is 100, day 2 index value will be 103.46 using "marketcap-weightage". Using “Price-weightage, the sum of prices has gone up from Rs50( A=30+ B=20) to Rs.51.6 ( A=31.5 + B=20.6) and so if the index is 100 on day 1, index will be 104.20 on day 2 reflecting a return of 4.2%!!! Is this correct?
Let's take same example and change the % increase on day 2 is A=3% and B=5%. The new index value as per "marketcap-weights" would be 104.54 and as per "price-weights" would be 103.80.
As an investor which index would you prefer? Isn't it time DJIA calculation methodology be changed to reflect correct returns. Apparently when the index was created in 1882 by Charles Dow, the only reason I see why this methodology was used is that it is so easy to calculate and maintain in the days when we had no computers around.
See the link (djindustrial.blogspot dot com) for actual comparison of DJIA's "Price-weightage" and "Mcap-weightage" over a period of 3 months and you would notice that "Price-weightage" clearly underperforms "Mcap weightage"
Is it possible that DJIA may be 15-16000 if it were to be calculated on "Mcap weights"? Or could it be much lower than 11,500 it currently trades at.
...
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Investors should aim at picking up stocks with a low price earning ratio (PE ratio). The term PE ratio is commonly used in investment decisions. Investors rely on this ratio to base their investment decisions in equities.
Simply stated, a P/E ratio is the ratio between the market price of the share and the earning per share. The ratio tells us how many times the market price of a share is vis-a-vis its earning. According to one view, lower the PE ratio, the better it is for the investors, as there are chances of appreciation, and vice versa. Moreover, the risk element also increases. According to others, it is the other way around. However, there are exceptions to these rules.
A PE ratio is a valuation ratio of a company's current share price as compared to its per share earnings. It is calculated as market value per share divided by earnings per share (EPS). For example, if a stock price is Rs 100 and it has an EPS of Rs 5, the PE ratio is Rs 100 divided by Rs 5, that is, Rs 20.
EPS is can be taken for the full year, the last few quarters or it can be taken from the estimates of earnings expected in the next few quarters. Sometimes, the PE is referred to as the 'multiple' , because it shows how much investors are willing to pay per rupee of earnings . In general, a high PE means high projected earnings in the future. However, the PE ratio does not actually tell us a whole lot by itself. It's usually only useful to compare the PE ratios of companies in the same industry, with the market in general, or against a company's own historical PE ratios.
The higher the PE, the more you are paying for an estimated stream of earnings. Investors are usually willing to pay a higher PE for companies they judge will be growing faster than the norm, even though they do not pay those earnings out in dividends but retain them to fund future growth. If that growth is realised, the price of the company's stock usually grows faster than the overall stock price of a slower growth or higher dividend-paying company. However, if estimated earnings are not realised or the stock market itself loses favour with the investors, the downside potential is greater as well.
The risk is not just the ability of the company to create profits, but the investment risk in the higher price one paid relative to earnings . If a company goes from a PE of 50 to a PE of 25 and maintains earnings of Rs 5 a share, your investment goes from a value of Rs 250 per share to a value of Rs 125 per share, even though the company is still earning profits.
PE ratio is a commonly-used way to value a company and to determine what a company's stock should be worth. It gives an indication of how many times one is paying for a company's stock against the company's earnings. PE ratios can be used to compare one company with other companies, or against a company's own historical PE ratios. Generally, a company with a high PE ratio is expensive as against a company with a low PE ratio, since with a high PE ratio one is paying a larger multiple than the company's earnings. Higher PE ratios are often associated with 'growth stocks' , or companies that are growing faster than the average. Investors believe that the company's earnings will be higher in the future. Usually, this yardstick is used to analyse whether a stock is undervalued, overvalued or trading at fair value.
In the present market scenario, investors may pick some good low PE stocks, which have a high potential for growth.
ET........................
Poll
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Popular Boarders 7days| 289 | |
| 241 | |
| 170 | |
| 165 | |
| 120 | |
Top Tracked 7days| 791 | |
| 705 | |
| 676 | |
| 369 | |
| 363 | |
Prolific Boarders 7days| 299 | |
| 232 | |
| 167 | |
| 133 | |