DLF stock falls 12% in 3 days
In this general election, India Inc has featured heavily in the heated exchanges among parties. India’s biggest real estate developer DLF has suffered in the crossfire because of its alleged links to Sonia Gandhi’s son-in-law Robert Vadra. BJP leader Uma Bharti says explicitly on April 12 that Vadra would be jailed if the NDA came to power. DLF’s stock has been feeling the heat and went down by more than 12% in the three trading sessions to Wednesday.
One broker pointed out that fears are not justified and investors should treat DLF on commercial merit. Aam Admi Party leader Arvind Kejriwal alleged in 2012 that a lot of property was purchased by Vadra through “unsecured interest-free loans from DLF“.
The company has been restructuring its debt.
In contrast, Adani group’s stock has been rising whenever Modi’s rivals link the group to him.
Source: The Economic Times
AAM AADMI, Adani, Adani Group, adani groups, Arvind Kejriwal, BJP, Commercial, DLF, Gandhi, Impact of General Elections, India Inc, Polls, Realty News, Sonia Gandhi's son-in-law, The Economic Times, uma bharti, Vadra
Wrong Business ?
Talking about Narendra Modi’s ” Crony Capitalism ” , Rahul Gandhi said ,
” During 12 years of NaMo’s rule in Gujarat , Gautam Adani’s companies ‘
assets ( or did he mean , Market Cap ? or Revenue ? it does not matter )
went up from Rs 3000 crores to Rs 40,000 crores ”
That is a CAGR ( Compounded Annual Growth Rate ) of 25 %
Now look at the assets declared by the Congress Candidates of the current Lok Sabha elections ( Let us not inquire re: Undeclared Assets ! )
Within 5 years ( from 2009 to 2014 ) , the average assets of these Congressmen , went up from Rs 4.87 crores to Rs 54.38 crores !
That is a CAGR of 62 % !
So , which is a better business ?
> Building Nation by building Ports , Power Stations , Infrastructure etc ?
OR
> Fooling Nation by robbing its precious natural resources , such
Spectrum , Coal , Gas , Minerals , etc ?
> Not revealing the names of 50 individuals who have stashed away black
money in German Banks – and whose names , German Government has
provided 3 years back ?
> Promoting ” Crony Relative-ism ” when it comes to buying government
land for Rs 1 lakh / hectare and selling for Rs 100 lakhs / hectare ?
Gautambhai ,
Obviously , you are in the wrong business !
Switch over to sycophancy !
Enjoy a CAGR of 200 % !
Then , like late Babu Jagjivan Ram , don’t file your Income Tax Return for next 10 years – and , if reminded , say , ” I just forgot ” !
* hemen parekh ( 24 April 2014 / Mumbai )