Udaykumar K.V. Archives - Ecostar Business

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Misinformed US prosecutors: Conspiracy to stain the Adanis’ image

November 27, 2024408 Views0

The US prosecutors seem to have gone wrong in their calculation of the alleged bribe amount. The prosecutors said the Adanis agreed to pay $250 million for an energy business that would generate a profit of $2 billion in 20 years. The alleged bribe amount constitutes 12 per cent of the estimated 20-year profit. The upfront bribe amount itself would be more than the value of the aggregate 20-year profit if 20-year interest is added to the bribe amount. Such a babyish allegation is only to torture a promising Indian business group, which is rapidly expanding its global footprint. How does the Adanis become a pain in the neck of many political and business lobbies in India and abroad? Adani is a successful Indian business model with a track record of setting higher than a global stand...

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Fundamentals versus PE holding vanity

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July 22, 20231981 Views0

Why do continuous loss-makers command a high future earning ratio? Some stocks are worth buying based on their strong financial fundamentals, future business potential and empirical evidence of their business sustenance. Advisors recommend such stocks with an expectation of a stake sale premium when one private equity or strategic investor sells its holding to another buyer at a premium. That is no less than speculative pricing, an inseparable part of the equity market. While the former is a safe bet, the latter is not always. Stocks of companies with private equity investments usually command a high price-earning (PE) ratio for no justifiable reasons. Such stocks move up based on newspaper reports of stake sales, which the “suitor” denies subsequently. They hit the limelight be...

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Deepak Nitrite

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July 22, 20231689 Views0

Wait and watch defensive stock Deepak Nitrite already has a price-earnings ratio of 32 times over the earning of 2022-23, its stock may not be very lucrative unless something drastic comes to shareholders. The earning ratio is above the Sensex average. The indices are already ruling high. The chances of anything drastic seem weak in the long run. Its equity base is low at Rs 27.5 crore. With a book value of Rs 300 on a Rs 2 share, a bonus is not a remote chance.The financial result last year showed some pressure on its net margin. Naturally, return on equity also had a corresponding beating. The efficiency of capital deployment also decreased. A diversified product portfolio and leadership are some of the products that ensure it is a safe business. Though its PE ratio is...

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Satire of palindrome called Soros

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February 17, 20231113 Views0

The Hungarian-born Soros' hunger for eating India’s democracy will end up only in sorrow. His Quantum never reveals the names of its investors. However, Soros expected Hindenburg Research, which demanded Adani to reveal the identity of its investors, to make Modi break his silence! The 93-year-old George Soros has no work in India as his stated principles have no space in a country as free and democratic as India. He may have been destined to bite the dust at the advanced autumn of his life. Quantum Fund, originally known as Double Eagle, broke the Bank of England in 1992 after his bet on the erosion of pound value. Sterling had to move out of the European Exchange Rate Mechanism after it broke the bottom of the required rate. He made a profit of $1 billion out of a $10 billion shor...

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An OPEN LETTER TO PRIME MINISTER

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February 8, 2023949 Views0

Date: 06.02.2023 To Shri: Narendra Damodardas Modi Hon: Prime Minister of India New Delhi Sir Sub: Railways neglect lakhs of Malayalis residing in the remote Central suburbs of the Mumbai metropolitan region The Railways neglects lakhs of Malayalis residing in the remote Central suburbs of Mumbai. Sadly, a major railway junction of the Mumbai metropolitan region mocks hapless home-going people! From Kopar to Badlapur, and up to Asangaon, in the remote Central suburb of Mumbai, there are several thousand Malayalis – in the peripheries of 13 crowded local railway stations on the route. These suburbs have the highest density of Malayali population in the entire Mumbai metro region. While the Indian railway is passing through a revolutionary phase w...