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| March 6, 2000 | ||
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| FLIPSIDE Stock Taking By Dilip Bobb
Yadav and Wife Pvt. Ltd.: Was a safe bet to start with and promised much. Gave some initial returns to a large number of first-time punters, thus ensuring a solid investor base. Stock prices started to slide when he gave up his chairmanship which was then occupied by his wife, till then a sleeping partner, who was entrusted with managing the company affairs. She didn't. The company's stock is set to take a dive following stiff competition from rival companies who have merged. Soon, the company's stocks may just as well be animal fodder. Sonia Gandhi & Family Pvt. Ltd.: Another closely-held family concern which was riding high on its previous name and reputation. Many of its investors, referred to as partymen, made a killing. Some made quite a few. The company's stock started to slide when its takeover bid failed last year. Since then, the stock has continued its downward spiral, with a slight rise when Priyanka Gandhi was inducted, though not officially. Much of this drop in fortunes is attributed to Sonia Gandhi, who is company president, chairperson and chief executing officer, though not officially.
A.B. Vajpayee & Son-in-Law: As blue chips go, this has been the stock to back over the last two years, albeit with some interruptions. Its popularity with the investing public scaled new peaks following its recovery of lost ground in the Kargil sector. Since then, however, a sense of complacency seems to have overtaken the company boardroom and there have been increasing signs of friction with its strategic partners. Adding to all this are signs of strife with other non-official members of the controlling family, resulting in the blue chip getting a saffron tinge. Does not bode well for the future of the stock even though its closest rivals pose no threat. As yet. C.B. Naidu, Inc.: Like most Information Technology shares, this one is riding high. Most market experts say that the stock is destined for bigger things, even though the company CEO has so far expressed no ambitions to go national and venture into other sectors. Stock prices were somewhat diluted by his entering into mutual funds management. Despite doubts about his choice of strategic partners, remains the darling of Davos and Dalal Street. Yashwant Sinha Finance: As the company with controlling interest in the financial sector, was not seen as an exciting long-term investment prospect when its public issue was launched. However, has belied all market predictions and its market acceptance has steadily grown. True market worth will be known next week, when it goes public. |
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The boom in the stock market
has left everyone a little confused. Most people are wondering what there is for the
market to be optimistic about. They have searched highs and lows, examined the index for
any flaws and questioned experts on whether this is all bull. The BSE, they know, is
somewhat sensitive. To analyse which stocks are going to keep rising in value and which
ones will take a dive, here's the buzz from Dalal Street.