madebe wrote:please note that on its core business ie insurance JIC made a loss as compared to the previous year.
in FY 2010 Net insurance premium 5.36 Billion vs net insurance claim/ benefits of 5.61 bilion. in 2009 FY Net insurance 4.9 b while net claims 3.9
main profit is from jump in shares price at NSE
I guess this explains the subdued reaction of the market.A company must be good at its core business anything else is peripheral and is treated as such no matter how good it is.A case in point is sameer when the tyre business became a tough nut to crack for the savvy investor it was time to abandon ship,subsequent efforts to diversify into real estate among other things have not been successful in salvaging the sinking ship.
In addition if most of jubilees profit came from NSE then these are clearly one off gains and may not be repeated next year..hence the caution with investors.