Laughing Stock

Market bites back

This week in Laughing Stock, we look at Google stock crash, unfair market push, AI, and Adani

Market bites back

Remember how we dedicated an entire story to Zomato? Similarly, we wanted to dedicate this entire story to Adani Group companies. We were very tempted, believe me, but we chose not to. Why? Well, haven't they faced enough? Seeing your stocks down 60 per cent in a space of a month has to be hard. You know what's worse? This is not the end. Look at Ambuja and ACC investors, two stocks that were having the time of their lives are getting beaten down because they are part of Adani Group. This is not going to stop us from making memes, we are just showing some mercy. But we will never show mercy to the company that excluded an entire acquisition to say they are profitable at adjusted EBITDA level.

How did this even happen? It came like a trainwreck all of a sudden and now boom, in NCLT. It's like they skipped several chapters in the story.

MRF tyres cost as much as a bike and their dividends are not even equal to the price of a dairy milk. Will someone not question this?

This, exactly. Leave the report, even when looking at the debt or profits, did no one think this is a bad bet? Just riding the wave without worrying about a thing? Wish I was like that.

The year is 2007, DLF becomes the largest IPO in history, and you invest in it. 16 years later, you are at a loss. It is not that stock went up dramatically and then fell recently, it just never reached its IPO price at all. Just keep one thing in mind, there is always someone who has messed much worse than you.

Markets are not fair and sometimes it can push you for nothing and such is the case of Bajaj Finserv in the last three months. How can you even react to it?

Google's stock crashed by 10 per cent because NASA's SEO optimisation was poor which prompted the AI to select an answer from a different site. And they are saying that AI will replace humans.


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