I proposed Mohan Das Pai's Salary....

Do you believe I was the reason behind passing Mohan Das Pai's (Infy's Vice President) new salary resolution? :)

Yah. Today I attended Infosys AGM. I had desire to attend AGM of any company and see what is happening inside. Being a tiny investor in Infosys I got a chance today.

As usual, brand Infosys and NRN (NR Narayana Murthy, Chairman and Chief Mentor) were highlighted in each and every move. Its really nice experience to see NRN, the Icon of Indian software industry, in action. He was polite in words, generous in appreciation and very much time conscious.

This year annual report looks attractive. Photos, Graphs in the report surely takes the attention. AGM started with the presentations from few vice-presidents. Presentation by CFO was colorful and musical. Followed by queries from shareholders. It was interesting to see people asking questions regarding some ratios which I never heard. Some resolutions were passed to re-appoint the independent directors and approve the salaries for vice-presidents. Notable one among the re-appointed directors is Dr. Omkar Gowsami, an economist. He is also director in boards of DRL, SRF, Sona Koaya and few more.

Infosys arranged on demand pickup and drop for disabled people and transltor for hearing impaired people. Its really nice gesture.

As usual, meeting was professionaly organized. Refreshment was Okey, not so great. :)

Outside the off-stump...

In test match, outside the off-stump ball is a tricky one. Its bowled more for strategic reason. When the ball keeps low or too much out side the off stump then it could be the scoring opportunity for the batsmen. Leaving the outside off stump ball is the safe strategy. Playing the ball in half-mind is the risky one; that too negotiating the rising delivery would be the definite problem for the batsmen.

So whats the business with cricket and outside the off-stump ball?

We can draw the similarity between offside off-stump and volatile market. Approach towards the volatile market movement (like the one we had in the past three week) should be more strategic. Large cap stocks are/were available at mouth-watering price levels. This is kind of picking up the 'well outside the off-stump ball'. Gains could be maximum if large caps are picked at these level. We never know we will get the stocks like RIL, Suzlon, Rel. Commn, NTPC at the price it was available two days back.

At this point touching mid n small cap stocks is like trying to play the rising delivery. More risky and too much observation is needed.

Too much worrying about the volatility? Best strategy is Wait and watch. Nothing wrong in leaving the delivery.