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A popular face on TV and the manager of over Rs 9,000 crore in assets, he is increasingly contradicting himself, imperilling investors’ interests.
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No matter how good a business, overpaying for a stock negatively impacts returns. Saurabh Mukherjea’s Marcellus is only the latest example of the perils of forgetting this timeless lesson.
Twice in 26 months, the Gujarat-based company’s promoters announce decisions that give ordinary investors short shrift.