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Why CNBC TV 18 Analysts Suck ?

September 20, 2006

I have been watching this channel for quite soemtime and find that, their analysts are really ill informed and biased. Consider the reviews of their infamous analyst, S P Tulsian. His view on Tech Mahindra during listing were it would list around Rs450 and would not go below Rs400. His levels of 400-450 never saw the light of the day. I would have forgiven him had he kept quiet. But today, when Tech Mahindra is now quoting around Rs590(25% higher than his Rs450) he says it is a good bet amongst those recently listed. Why does he keep changing his levels for the stock so drastically within such a short span of time when the company has not made any major announcement or results ?

Consider another analyst, Manish Bhatt of Prabhudas Lilladher,
Bhatt: Tech Mahindra should list at Rs 540. One can sell its shares on listing.One can buy GMR from the markets at current levels.
BUY GMR ? Good Grief, Mr. Bhatt!!!

Why such short sighted analysts get to be in the limelight to influence retail investors who are known to have the herd mentality ? Believe in the fundamentals of company and management (like Infy) before you make investment decision in the Chor Bazaar of Dalal Street 😉

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