Two stocks from the backwaters

V-Guard's debt of Rs 200 crore a few years ago is now more than Rs 200 crore of net cash

Two companies that theoretically should not have succeeded are Kochi-based V-Guard and Geojit Financial Services.
 
In the V-Guard case, let it be wondered why anyone would have selected to buy a ‘Made in Kerala’ product over a ‘Made in China’. The state was considered industry-unfriendly; Kerala was back-of-beyond for most; they would never be able to recruit better sitting in Kochi.
 
Why anyone on the financial markets should have selected to trade through a company as Dalal Street-removed as Geojit is also puzzling. Let us face it; it’s better to trade through a second-grade Mumbai financial intermediary for