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3 lower circuits in 3 year..........
market down more than 20 % from life high on 10 jan
1 year forward EPS of sensex is 1100 which makes current level not that expensive at all
but Will you invest money now
people who were over leveraged in the market seeing only the bull side of it and laughing their way to the bank must have realized that making money in stock market is not easy........
most of the weak hands are out of the system now which will not trigger further down turn
If you were lucky enough to have cash on monday tuesday u should have bought but u were not lucky on that day like me then watch the market trend in coming weeks with 3 important events in the coming week....
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Company Name: Network 18 Fincap ltd.
Company Background:
• TV18 is a listed company which runs business news channels CNBC-TV18 in English and CNBC Awaaz in Hindi and owns most of Web 18. In 2006 it acquired CRISIL Market Wire which was renamed Newswire 18.
• Global Broadcast News (GBN) is a listed company which runs general news channels CNN-IBN in English and IBN-7 in Hindi. It owns a small stake in Web 18.
• Web 18 is an unlisted umbrella company for all Network 18 web properties such as moneycontrol.com , ibnlive.com , cricketnext.com , commoditiescontrol.com , tech2.com , poweryourtrade.com , easymf.com and upcoming women's and automotive portals. The company also owns stakes in Jobstreet (India) and Yatra.com.
Aditya Birla Nuvo Ltd is a diversified conglomerate within Aditya Birla Group. It is a leading player in most of its business segments, including viscose filament yarn (VFY), carbon black, branded garments, fertilisers, textiles and insulators. Over the past years, Aditya Birla Nuvo, through its subsidiaries and joint ventures, has made successful forays into Life insurance, Telecom, Business Process Outsourcing (BPO), IT services, Asset Management and other financial services, striking a balance between value businesses and high growth businesses.
As a leading player it presently ranks as: