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.
Re: This is Just for Caution. No Vested Interest.
by samyakgowda on Jan 11, 2009 08:31 PM Permalink
Do you have any real proof or is it just another stupid rumor-mongering?
Re: This is Just for Caution. No Vested Interest.
by Virtual Insider on Jan 11, 2009 09:40 PM Permalink
The best thing to avoid scams would be to get all the IT and ITES along with banks especially located in Hyderabad, Bangalore Pune and Chennai audited on an half yearly basis...That way the Govt. can keep these guys on toes not to play and screw the lives of Investors and employees...
