WEEKEND MUSINGS
*Face value of SBI, HDFC Bank & Paytm are Re. 1/-. Both SBI & HDFC Bank made profit in excess of Rs. 7,000/- + crores for the quarter ended Sep 2021. Paytm never made profit. But share price of SBI & HDFC Bank are Rs. 515/- & Rs. 1,513/- and issue price of Paytm is Rs. 2,000/- plus😳😳😳. What's the logic for share premium. Nothing but public distribution of private loss.*
*Face value of Reliance Industries which has Petroleum Refining, Mobile Network, Retail Business & Solar energy is Rs. 10/-. It made a profit of Rs. 9,200/- + cr for Sep 21 quarter. It's share price is 2,550/-. Where as Nykaa, which made paltry profit for the first time is getting quoted at Rs. 2140/- for a share of Re.1/- face value.What's the logic?*
*Be a wise investor. As advised by Zerodha promoter - Nithin Kamath, quit the market and go on a long investment holiday. It makes sense.*