Siemens India which was about to breakout above 4000 suddenly was languishing near 3350. I thought the result was poor and maybe the stock was beaten up.
But, the reason was something else.
Siemens India sold its low voltage motor business to its promoter for peanuts ~ 2200 crore. While it was giving 7% revenue.
Sold at price to sales of 2.2 while the company quotes at 8.
This is something common in MNC listed stocks and one needs to be aware of the risks involved.
This was another case which happened previously.
Always watch out for risks.
Now I am scared to invest in individual stocks. After Japan index information was shared i was scared to invest in index. Where to invest and get peaceful sleep also?
You shouldn’t be worried to invest in index when your country is growing.
MNC can loot you. You have to look for proper corporate governance.
FD below 5 lakhs
Edit: should have read above replies before replying.
Invest in self. Peace, contentment, happiness - inside job for self.
Did you know you cannot reply to message in this forum with only two alphabets such as FD.
The return message is “The post should have minimum 4 characters”.
Even Tradingqna does not like FD. But I overcame the restrictions by input FD…
Nobody likes FD
Disc: Wondering what difference it makes between 2 and 4 characters…what could have been the logic in setting up such validation by the IT vendor…