Well many people call me ‘negative’ (no I am not cribbing, just observing). Let me tell you why. I have a lot of respect for Madhu Kela and just as much as for Sunil Singhania. In fact SS (in my limited knowledge) seems to be the only senior fund manager prepared for the impact of XBRL / IFRS – which is being implemented from April 2011, but that I will reserve for another post.
Yesterday I watched Nikunj Dalmia’s interview of 4 intelligent people – including Madhu Kela. Nikunj as usual asked Madhu for his view on the market for the next 3-5 months. Madhu said ..in the next 3-5 years it could be very high.
Nikunj asked HOW MUCH please specify. Pushed to the corner Madhu said “In 5 years it could be as high as 30,000.
This, Mr. Madhusudhan Kela, means a growth of about 7%.
Mathematically this is not challenging, correct?
Have love and make fun!
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