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Runaway inflation in commodity prices may have put Prime Minister Manmohan Singh and his government in a spot of bother, but it has meant a huge bonanza for companies operating in industries like cement, steel, mining and paper.
Numbers collated by the Business Standard Research Bureau show that in the last three years, leading cement manufacturers have multiplied their nine-month profits manifold and mining and paper companies have more than doubled it.
Government-owned Steel Authority of India Ltd has seen its net profit rise 75 per cent during the period and JSW Steel 185 per cent. Ispat Industries has pared its losses 98 per cent to Rs 14 crore. Many of these companies have already eclipsed the profits made in 2006-07 during the first nine months of 2007-08.
These companies have reaped the benefits of the unprecedented surge in commodity prices which started in 2006. Steel prices have risen 40 per cent in the last two years, while iron ore prices have gone up 60 per cent.
Paper prices have strengthened 12 to 14 per cent. Cement prices have flared 60 per cent during the period. The government’s various attempts to cool cement prices (lower excise duty for low-priced cement, liberalisation of imports and, lately, a ban on exports) seem to have been in vain.
What"s in this page for you?
The people trading on an capital market can be broadly categorized as Investor and Speculator. With Increasing number of traders in the market the speculators count have out numbered that of the Investors.
By definition Investors sees a underlying value in a Security by forecasting the future for a particular industry or company purely beyond it's short term. The investor looks at logical value that may occur over time as the particular stock price is affected by the ongoing business, the industry, economy and so on.
On the other hand the speculators are purchasing a stock with the sole purpose if selling it at a higher price. The speculator doesn't care about the inherent value of the stock. He or she only cares about whether or not they think it will go up in prices as more and more speculators accumulate the stock.
Now, this may seem obvious at first glance, but it isn't! Of course everyone wants to make profits on the stocks they buy.
Individual investors who cannot afford to loose there capital should be careful when speculating a stock.One of the most difficult things for most investors to understand is that in the investment markets, often the opposite of what you feel is actually the reality!
Individual Investors who are speculating from day today news or recommendation of the stocks must make sure they do proper analysis and judge if the price they are paying for a particular stock has real value in it. It is always better to allocate major chunk of your earning in fundamentally good stocks and a smaller chunk for speculation.
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Label: BSE, India economy, India Stocks, Investor, market news, NSE, profit, Securities, Speculator, Srivatsan Srinivasan
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