Is this a start of another Bubble burst – Financial? India is loosing its favourite destination for investment in the world. If you look closely you will find that most of the Blue Chip companies lost significant amount of their market capitalisation. Increasing NPAs(Non Performing Assets), rise of defaulters, reducing profit what does that mean, i mean once Banking stocks were shine of the every quarterly results. Now what else could be the reason and that is concern for middle class like us as the investors. Will you or will you not enter into this hideous, mischievous investment fund driven market?
Good Luck guys.
- A third of India’s top firms on the verge of insolvency (rediff.com)
- Top seven blue-chip companies lose Rs 32,219 cr in market cap (news.in.msn.com)