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Cover
Story
Maruti
IPO's Success: Breaking the Ice -- Ramakrishna Neti
The
Indian primary market has not witnessed a remarkable response
to an Initial Public Offer (IPO) like that of Maruti for quite
some time. Does this signal any revival of the waning primary
market?
© IUP. All Rights Reserved.
Primary
Market :Rise
of the Phoenix
-- G Kumaraswamy Naidu
, Ali
Mohammad Anwer
"The
Phoenix is a bird in Egyptian mythology that lived in the
desert for 500 years and then consumed itself by fire, later
to rise renewed from its ashes."
The
Indian primary market is in the process of rising from its
ashes. The Maruti IPO has sparked new excitement among market
participants. Prospective issuers, the Government, Sebi and
above all the investors, are eagerly awaiting IPOs worth thousands
of crores that are in the pipeline. The secondary market is
also in the recovery mode. Stocks across the board, from mid-cap
to index stocks and IT to Pharma, all are rallying in a monsoon-ignited
market. Hence, the conditions seem right for a tsunami of
IPOs to hit the Indian markets.
© IUP. All Rights Reserved.
Equity
Market
Contrarian
Investing: "Hunting When Hunters Have Left"
-- Surabhi
Agarwal
Contrarian
investing means acting against the crowd behavior. Contrarians
sell their securities when everyone is buying and buy amidst
a selling spree.
© IUP. All Rights Reserved.
Investment
Climate
The
Threat of Deflation --Larry
Swedroe
Economists
and analysts are clamoring about the impending deflation in
the world economy. But there is no cause for excessive worry,
as in deflationary situations, the stock market moves in short-term
cycles that can rescue the investors .
©
Larry Swedroe. All Rights Reserved.
Fixed
Income Market
Are
Government Savings SchemesAbsolutely
Safe?
The
Personalfn.com Team
Indian
investors have traditionally been risk averse. The Government
plays its part in confirming and encouraging this attitude
by doling out a range of fixed income assured return schemes.
But how much do these schemes really help the investors? Is
the situation such that the Government is taxing Peter to
pay Peter himself?
©
www.personalfn.com. Reprinted with permission.
Industry
Analysis
FMCG:
Being
Pushed to Add Value --Aarati
Krishnan
The
Fast Moving Consumer Goods (FMCG) sector is not moving as
fast as it used to. The industry is facing a sharp reaction
from sagging macro economic aggregates and slowing growth
rates.
©
Business Line, June 29, 2003. Reprinted with permission.
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