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View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs. 220 31.88%
26 - 50% -- I have a few stocks. 307 44.49%
51 - 75% -- I'm an active trader. 113 16.38%
76 - 100% -- Hey, I'm an i-banker!!! 50 7.25%
Voters: 690. You may not vote on this poll

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Old 30th October 2014, 13:26   #2641
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Thank you for the con-call summary Saanil. The company is in a good wicket with next 3 years growth looking strong. Apart from this normal growth, the brand play, liquid coffee and African opportunity can be bonuses.

Ajanta Pharma has come out with another good quarter.

http://www.bseindia.com/xml-data/cor...Ltd_301014.pdf
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Old 30th October 2014, 17:42   #2642
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Originally Posted by VindyWheels View Post

Ajanta Pharma has come out with another good quarter.

http://www.bseindia.com/xml-data/cor...Ltd_301014.pdf
Happy to help! Let me know in case you come across any good business waiting to be analyzed. I am thinking of using my free time to study stocks - just not sure from where to start. Let me know if there is anything on your radar.
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Old 30th October 2014, 20:25   #2643
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Have a look at Zen Technologies. Looks promising, company is being helped by significant changes in its business environment.

Hester Bioscience, Premier explosives and Supreme Petro also look worth exploring.

Quote:
Originally Posted by Saanil View Post
Happy to help! Let me know in case you come across any good business waiting to be analyzed. I am thinking of using my free time to study stocks - just not sure from where to start. Let me know if there is anything on your radar.
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Old 30th October 2014, 21:35   #2644
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Been tracking Meghmani for some time. It jumps and falls suddenly, and I am not able to figure out if its a buy or a sell. Any views anyone?

Also, TCS and HCL Tech from a long term perspective, seek the readers views.
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Old 30th October 2014, 21:49   #2645
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Been tracking Meghmani for some time. It jumps and falls suddenly, and I am not able to figure out if its a buy or a sell. Any views anyone?

Also, TCS and HCL Tech from a long term perspective, seek the readers views.
I am not sure about TCS, but wait for market to correct and fall down before buying HCL tech for long term. Also make your long term durations as such that you buy on falls and sell on highs and not just buy and forget for years on end kinds. You will make a lot more money this way.
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Old 30th October 2014, 22:33   #2646
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Been tracking Meghmani for some time. It jumps and falls suddenly, and I am not able to figure out if its a buy or a sell. Any views anyone?

Also, TCS and HCL Tech from a long term perspective, seek the readers views.
Surprised to see traders in this forum. My brother is AVP IT research with a reputed company in Mumbai. He is of the opinion that TCS will rebound notwithstanding slight corrections. I am long on TCS. The last correction post the latest results, did not break the intermediate support level of 2350-2400.
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Old 30th October 2014, 23:16   #2647
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As I cannot edit the earlier post due to 30 min constraints I am continuing the earlier post. Technically, I am long on TCS. The last correction post the latest results, did not break the intermediate support level of 2350-2400. If it corrects to these levels, I recommend to accumulate. The upside is 3000 levels in 4-6 months time.
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Old 31st October 2014, 16:15   #2648
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Recently, I finished reading two books Intelligent Investor (by Benjamin Graham) and One up on the Wall Street (by Peter Lynch). In both these books, one aspect was mentioned quite often investors should always be careful about buying shares (of good/bad companies) at very high prices (i.e. high valuations). One of the most common multiple looked for valuation is the PE ratio. Both the books had various examples of stocks (especially tech firms) which were trading at crazy valuations. They were of the opinion that buying good companies (with good brand/products etc) at very high prices is not a good strategy.

Today I was looking at PE multiples of some consumer/FMCG companies (For ex: read 10x as PE of 10 times):

Colgate-Palmolive (India) Limited: 41x
Dabur: 38x
Godrej Consumer Products Limited: 36x
Hindustan Unilever Limited: 40x
ITC: 28x
Jubilant Foodworks Ltd: 56x
Nestle India Limited: 49x

I know just by looking at the number, we cannot say these companies are high on valuations but are they growing at such a pace to merit such premium valuations? Any thoughts?
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Old 31st October 2014, 16:37   #2649
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Default

Quote:
Originally Posted by Saanil View Post

Today I was looking at PE multiples of some consumer/FMCG companies (For ex: read 10x as PE of 10 times):

Colgate-Palmolive (India) Limited: 41x
Dabur: 38x
Godrej Consumer Products Limited: 36x
Hindustan Unilever Limited: 40x
ITC: 28x
Jubilant Foodworks Ltd: 56x
Nestle India Limited: 49x

I know just by looking at the number, we cannot say these companies are high on valuations but are they growing at such a pace to merit such premium valuations? Any thoughts?
Most of the market analysts sets targets based on the next year forward earnings. Since the forward earnings will be more than the present earnings, PE will be lesser. There are a lot of arguments on how to value a stock, some times they work sometimes they don't.

The greatest desciple of Graham, Warren buffet has made some successful investments on not so conservative PEs. It will be good to read the letters to the stockholders of Berkshire Hathaway, to understand the reason.

You would have missed out on the recent l market rally had you held on to the notion of low priced stocks. Having said that, sessoned investors will always be cautious when the valuations are high.
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Old 31st October 2014, 16:39   #2650
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Is there a good Android app, which I can use to track my stocks?
I simply need a way to enter around 10 stocks, the value I bought them for and the current value.
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Old 31st October 2014, 16:54   #2651
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Originally Posted by S_U_N View Post
Is there a good Android app, which I can use to track my stocks?
I simply need a way to enter around 10 stocks, the value I bought them for and the current value.
Moneycontrol.


//20 chars
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Old 31st October 2014, 17:13   #2652
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Originally Posted by prateekm View Post
Moneycontrol.


//20 chars
I downloaded that. It seems I need to create a moneycontrol account for that to work.
Some further requirements have now evolved.

Does this app show you the gain based on the date the stock was purchased. Does it also compute average purchase price (in case I purchase x shares at Rs. 100 and then after few months, y shares at Rs. 150?)
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Old 31st October 2014, 17:16   #2653
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Quote:
Originally Posted by S_U_N View Post
I downloaded that. It seems I need to create a moneycontrol account for that to work.
Some further requirements have now evolved.

Does this app show you the gain based on the date the stock was purchased. Does it also compute average purchase price (in case I purchase x shares at Rs. 100 and then after few months, y shares at Rs. 150?)
Yes, you need to create a Moneycontrol account. It does compute the average purchase price. The only defect I found that is that say I have 100 shares of x companies already, and I add another 100 today at 12.00 pm when the price is 100, it will take the day's opening price and not the current price.
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Old 31st October 2014, 17:22   #2654
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Originally Posted by latentpotential View Post
Been tracking Meghmani for some time. It jumps and falls suddenly, and I am not able to figure out if its a buy or a sell. Any views anyone?

Also, TCS and HCL Tech from a long term perspective, seek the readers views.
Took a chance with Meghmani yesterday. Entered at 23 with a minor volume and today it is at 27 already. Lets see what happens next. Conflicting views abound already.

Quote:
Originally Posted by prateekm View Post
Yes, you need to create a Moneycontrol account. It does compute the average purchase price. The only defect I found that is that say I have 100 shares of x companies already, and I add another 100 today at 12.00 pm when the price is 100, it will take the day's opening price and not the current price.
You can edit the buy price to your actual price via the browser.

Last edited by latentpotential : 31st October 2014 at 17:23. Reason: Word
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Old 31st October 2014, 17:34   #2655
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Originally Posted by prateekm View Post
Yes, you need to create a Moneycontrol account. It does compute the average purchase price. The only defect I found that is that say I have 100 shares of x companies already, and I add another 100 today at 12.00 pm when the price is 100, it will take the day's opening price and not the current price.
Since I did not want to create another account, I looked for some other option and found My Funds - Portfolio Tracker on the playstore.

This one allows me to enter multiple purchases and gives combined/ average figures. No account needed.

So, I will use this for a while and see. So far, it looks simple and useful.
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