INDIACEMENT the holding company of Chennai Super kings saw selling pressure as after IPL cricket has created fresh controversy and we have indicated a break-out in the stock http://akprabhakar.blogspot.com/2010/03/ipl-cricket-break-out-indiacement.html and now we would better reduce or exit the position( this doesn’t mean I am advising shorting it is just a caution) Other stock owning cricket franchise are Deccan chronicle.
India being a cricket crazy country people spend so much time, money and energy on speculative game in my view and a gentlemen game has already taken political color as stake involved is very high.
http://www.business-standard.com/india/news/of-intriguearm-twisting-in-high-places/00/08/391883/ IPL team full of politics
FSL Cmp Rs.31 has again been in limelight and stock is looking very strong and if market supports then FABULOUS-15 target of Rs.38 would happen soon.
http://www.moneycontrol.com/news/business/kkrtalks-for-controlfirstsource-sources_451600.html US private-equity firm Kohlberg Kravis Roberts & Co is in talks to buy a controlling stake in Indian back-office service provider Firstsource Solutions, three sources with direct knowledge of the matter said.
http://hindi.economictimes.indiatimes.com/articleshow/5786834.cms ET-Hindi pickshttp://prabhakar-views.blogspot.com/2010/04/ulips-who-is-to-be-blamed.html ULIPS who is to be blamed?
