The many benefits of abolishing face value

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This week, Debashis Basu talks about the concept of ‘face value’ that is common in the Indian stock market and why it needs to be abolished.

#facevalue #moneylife #debashisbasu

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Because of such high price per share, retail investors buy suzlon/hcc/rpower instead of infy/3m/honeywell and in long term face capital erosion.

random.random
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Wondering where this is all headed. With tepid growth in the immediate past, with a long history of being oblivious and aloof to the small investors, MRF commands a PE multiple of 25 with a dividend yield of 0.18! Such are the times.

thrinethran