And for a Friday …….as Stock markets in India continue to YoYo …… some thoughts …. some musings……
The fantastic success of listing of Jio Platforms as one of the biggest IPOs in India achieving a Market Cap of over 13 lakh crores on day of listing is a true indication of the depth & maturity of the Indian stock markets ….. India at 460 lakh crores is already the 5 th largest country in terms of Market capitalisation in the world ……..more than 200 good IPOs have been able to raise capital showing the appetite from both global & Indian Investors for good companies in India …….there is anxiety as some FPIs are cashing out from large Nifty 100 companies ….. more than Rs 3 lakhs have been pulled out …. So what ???? …,,it proves to the world that Indian markets have matured & FPIs can withdraw whatever … whenever…. they wish to …. further strengthening the resilience & reliability of the Indian Stock Markets for all those who want to create Wealth in the long term ……
Many reforms in the Company Acts & regulations have been made & the process to improve “ Ease of doing business” continues …..Whilst lots have improved over the last 3 decades …..much …much ….more needs to be done …….India is by no means any easy place to do business …. it requires patience & good knowledge of the diversity & complexity that exists for Managers to successfully meander the labyrinth of hurdles .. corruption & obstacles ….. undoubtedly most of the Nifty 50 companies ( currently most battered by FPI withdrawals) have Global standards of Governance in their companies ….these beacons of Good Governance must continue to swear by Ethical practices , follow international transparent accounting & …….a 100% refusal to any demands of bribe , extortion or political manipulations …… as Corporate citizens we remain Politically agnostic ….. every party in Power or in opposition is the same & will be dealt within the contours of the applicable laws of the land …… Professional Managers & KMPs must ensure that …… in all listed companies Management & Ownership is distinctly different …….
These are Geopolitically very challenging times ….. India has stood up well to the challenges ….. let us all support Nation Building ….. the involved way ….. the ethical way …. the SEEGOS way.