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A rumour worth Looking to make Money

Posted By On 1:16 PM Under

1. We came across a news which can be rumour also and thus needs to be corroborated and same is related to NDTV and suggests that the stock should be sold forthwith as stock is fundamentally overpriced at these levels also.

2. NDTV has reported consolidated loss of Rs.117 crs for Q3FY09 on Equity of Rs.25 crs and thus the prime question arises that why paricularily this company is commanding such high valuation despite steep losses.

3. It is being advised to sell the stock as it can fall to the level of Rs.50 in coming months. Another factor affecting the stock is that stock management is rumoured to be siphoning out money from its operations and opening newer and newer channels and is thus looting the shareholders in the process. NDTV may be another Satyam in making as reliable circles are commenting that it is presenting a highly cooked balance sheet since some quarters.

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