[Janshakti] Keep away from Indian stock markets
Date P/E P/B Div Yield
14-Feb-2011 20.86 3.45 1.14
The above are details of NSE ratios for trading day of 14th February.The P/E ratio of nifty companies is quite high at almost 21 at close of day.The price to book ratio is also high and yield is very low.
The Indians stock markets comprise of a large number of third rate companies having virtually nil R&D base and product innovations, unethical practices,tax manipulations and very poor marketing base.Greed and profiteering drives a large part of Indian corporate sector including services.
WE have been alleging that stock markets are being rigged and manipulated by corrupt group,of operators in connivance with some funds and FIIs.But regulators have been sleeping.
Now when Anil Ambani bitten by all round sudden fall in his group companies stock complained SEBI woke up and found that manipulations were likely in pulling down Indian stock markets in last one month period.
The India growth story and Indian shining are mere crap and to fool the people.
The so called stock experts in market are like tarot card readers changing colors with market mood.Whenever Nifty moves 300 points this or that way they simply start singing different tunes.
Unless P/E ratio of Indian companies is less than 12 with consistent 5 years growth of 10-15% per year ,they are not worth touching.
The India Stock markets must correct to 4500-4600 Nifty levels for fair valuations.
14-Feb-2011 20.86 3.45 1.14
The above are details of NSE ratios for trading day of 14th February.The P/E ratio of nifty companies is quite high at almost 21 at close of day.The price to book ratio is also high and yield is very low.
The Indians stock markets comprise of a large number of third rate companies having virtually nil R&D base and product innovations, unethical practices,tax manipulations and very poor marketing base.Greed and profiteering drives a large part of Indian corporate sector including services.
WE have been alleging that stock markets are being rigged and manipulated by corrupt group,of operators in connivance with some funds and FIIs.But regulators have been sleeping.
Now when Anil Ambani bitten by all round sudden fall in his group companies stock complained SEBI woke up and found that manipulations were likely in pulling down Indian stock markets in last one month period.
The India growth story and Indian shining are mere crap and to fool the people.
The so called stock experts in market are like tarot card readers changing colors with market mood.Whenever Nifty moves 300 points this or that way they simply start singing different tunes.
Unless P/E ratio of Indian companies is less than 12 with consistent 5 years growth of 10-15% per year ,they are not worth touching.
The India Stock markets must correct to 4500-4600 Nifty levels for fair valuations.
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