02-16-2006, 06:57 AM
Mittal's touch (aka Midas touch) turns everything in to steel.
Mittal's power lies in growth and market valuation of his shares. Unless he has an excellent growth story for share markets, his share price might hit south.
That's problem with a conventional industry like steel.
Arcelor or not, MIttal is on prowl. He has to be on aggressive look outs if he has to maintain his share value.
In present xenophobic atmosphere in EU, it is doubtful that he will be successful with Arcelor.
However, he still controls only 5% of steel as of now and there will be enough opportunities for him. With Arcelor, he can control top two markets USA and EU and his dream of becoming 'Ford Motors' of steel will be accomplished.
It would be interesting to see the next line of Indian entrepreneurs making moves.
Watch out for Infosys, Wipro, Ranbaxy, TCS, Bharti, AVBirla, Telcos, ICICI, Pharma companies, Infrastructure companies, IT companies, BPOs, Biotechs,.............
As Indian economy moves towards robustness and Indian companies by sheer weight of their success in Indian market with a fabulous growth story to tell (share markets love growth stories) will command astronomical values and start making moves. With Mittal showing the way, it is a matter of time before others join in.
Ambanis are too busy creating humongous all pervading corporations which will be handicap in international arena. Now competition between the brothers will keep them too busy to look internationally.
25 years ago nobody could have imagined India's economic prospects. Now with positive prospects, let us see what pleasant surprises future springs up.
200 years ago India directly or indirectly commanded more than 25% of world's GDP.
<b>The Karmic Wheel is turning again in India's favor. Let us hope that within next few years atleast it will pull out of cycle of poverty and illiteracy (0% poverty and 100% literacy). </b>
Mittal's power lies in growth and market valuation of his shares. Unless he has an excellent growth story for share markets, his share price might hit south.
That's problem with a conventional industry like steel.
Arcelor or not, MIttal is on prowl. He has to be on aggressive look outs if he has to maintain his share value.
In present xenophobic atmosphere in EU, it is doubtful that he will be successful with Arcelor.
However, he still controls only 5% of steel as of now and there will be enough opportunities for him. With Arcelor, he can control top two markets USA and EU and his dream of becoming 'Ford Motors' of steel will be accomplished.
It would be interesting to see the next line of Indian entrepreneurs making moves.
Watch out for Infosys, Wipro, Ranbaxy, TCS, Bharti, AVBirla, Telcos, ICICI, Pharma companies, Infrastructure companies, IT companies, BPOs, Biotechs,.............
As Indian economy moves towards robustness and Indian companies by sheer weight of their success in Indian market with a fabulous growth story to tell (share markets love growth stories) will command astronomical values and start making moves. With Mittal showing the way, it is a matter of time before others join in.
Ambanis are too busy creating humongous all pervading corporations which will be handicap in international arena. Now competition between the brothers will keep them too busy to look internationally.
25 years ago nobody could have imagined India's economic prospects. Now with positive prospects, let us see what pleasant surprises future springs up.
200 years ago India directly or indirectly commanded more than 25% of world's GDP.
<b>The Karmic Wheel is turning again in India's favor. Let us hope that within next few years atleast it will pull out of cycle of poverty and illiteracy (0% poverty and 100% literacy). </b>