“For reasons I have never understood, people like to hear that the world is going to hell.”
~Historian Deirdre McCloskey #IndusInd vs #Titan
I just want to show a live comparison today how #CNBCTV18Market or #ETnow or across the world media companies are more pessimistic
#Titan is an optimistic story, India’s own success story a brand built on trust doing a roaring sales, India just had historic Deepavali sales couple of shades less than $20 billion which is massive #titan will be major beneficiary vs #IndusIndbank May be an accounting issue
But the #media house’s majorly focused entire day on #IndusindBank#banknifty correcting over 700 points before people realised that #sbi and all psu banks #ICICI has delivered a stellar results
Bank nifty might close in big + today and guys who are listening to the TV loose big
I don’t blame them “as a psychologist I know well
Pessimism holds a special place in our mind, it sells more, I want to say Pessimism always gets captivating audience,
It’s intellectually stimulating, so gains more attention.
“Be aware, exactly that was my voice message yday.
I have been shouting from the morning for both traders and investors to look at #titan from the price of ₹2465-70 today then at ₹2505-10 for second and third call
First was between ₹2370~2405
Now just watch how the anomaly will get corrected in market & Titan outperforms.
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#PayTmIPO#Paytm This will be a long tweet but worth your time it will help your investment decisions.
Before comments on #paytm I will rewind to 2008 I was heading institutional broking of large broking house with half a million clients and over 2000 offices across India,
Largest public issue #Rpower#reliance brand untill that point most trusted company among retail investors, IPO band was between ₹400-450 company wanted me to promote this issue, my answer was clear NO, I did not see any fundamentals matching I simply said #rpower has no fuse
Close to 14 years period of vanavas of lord ram still the share is trading around ₹14.
“The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true” ~M Housel
Markets were at the peak when issue came and by end