Exactly a year ago, India won the Cricket World Cup, amidst a lot of fanfare and hysteria. At that time, the Indian cricket team could do no wrong. They were on top of the ICC one day rankings and looking invincible. Today, the situation is vastly different, with the team fielding brickbats rather than collecting bouquets…
Being connected with the stockmarket for so long, I view various situations through the prism of stocks and markets. Hence I cannot help noticing a few parallels between a stock and the cricket team’s performance : Continue reading
Jayant Pai | email@example.com
Often, the more things change, the more they remain the same. The results season is here again and everyone’s attention was focussed on the result declared by a professed IT bellwether. The results were slightly below expectations and the stock was hammered 10% in a day. Of course the poor result was not the only reason for this. The unexpected resignation of a key member of the top management also played its part. On the other hand, another IT stock which was deemed a “wannabe” until a few quarters ago, surprised everyone by posting a stellar performance and consequently rose 20% in three days.
Such stories are repeated every few months. As in other aspects of life, the degree of expectations can have a marked effect on the joy, sorrow or indifference that we experience. In the case of the former, the shortfall between reality and expectation was a mere 1.72%, not an earth-shaking event, to say the least. Also, given the size of the company and the management bandwidth, the resignation of an old-timer should not be a matter of such grave concern. Continue reading