Indian Growth story equals to stock markets

Indian stock markets are seen as economic symbols of success. This is clearly misinformed, lunatic and pathetic show that has been purposely done by intellectuals inorder to attract FDI to our country.

There is a petroleum company that is yet to start its operations. But it is valued in triple digits. There is another company which is saying that its in Oil exploration and et al. Its PE multiples are around 1500. Indian Government is saying that Indian economic story is reflecting in its stock markets.

Tom, Dick and Harry invested Rs.10k in a penny stock said by one of the television channels. They made huge money. Their investment is Rs.10k and their profits are 10k. They tried to enter another stock that has been recommended by the same channel. This time, they’re not able to catch that scrip. It continuously hit upper circuit for months and finally website of that channel proclaim that their recommendation gave their customers (how many brokers & operators are their customers?) more than 1500%. There is another company that is related to term that has been used in stock markets. That company continuously involved in corporate scandal, penny stock scandal and almost all the scandal that are related to stock markets. They went inside regulator room with a briefcase and they’ve been given clean chit.

With all these craps Indian stock markets are reflecting Indian economy.