Please Keep a Watch on the Following Sensex Companies.
JP Associates
Sterlite Industries India
Grasim Industries
Hindalco Industries
Reliance Infrastructure
Tata Steel
RIL
Following are also (lesser but)Likely Candidates:
ICICI Bank
Bharti Airtel
DLF
M&M
Infosys
Some of Them would be Out of the Sensex by Next year like Satyam.
The Problem is Not with Software.
It is all with the OverLeveraged Positions Taken in Real Estate and other Commodities Including Currency Futures And M&As, Which could Make All these Companies go Bankrupt.
They might have already gone Bankrupt. But, It will take time to come out in public. Raju Came out when he had NO More Cash to distribute the Salaries.
Consider the Way, Salaries were being Increased in double digits Every Year or even Every Quarter. That was actually to Stimulate Growth thru Greater Liquidity, which in turn could raise the Real Estate Prices.
