First it was Nagarjuna courting controversy, then came the Satyam story the result has been significant damage to the cult of Andhrapreneurship. Between 5th Jan 2009 & 13th Jan 2009, where nifty lost 6% some of the Iconic companies from Andhra had lost between 15% to 30% of its market cap.
Market has heavily discounted the values owing to suspect business value systems. The chart on this post has tried to capture this erosion on a simple graph.
Hope that the Andhrapreneurs will be back!
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