Team-BHP - Do you play the stock market

I did invest in Gold ETFs earlier. Their NAVs though transparent does not seem to move with actual gold prices, is what I feel. To me it looked arbitrary.

I came out of it and put my money in GOI Sovereign Gold Bonds. From ICICIDirect they are easy to transact. I haven't sold any yet neither did I buy from secondary market, but I think it liquidity should not be an issue.

For physical gold,
PayTM gold is a good option. They have tied up with MMTC-PAMP. Prices are reasonable and it comes certified. If you have safe deposit locker, these are a good option.

Bangalore Refinery is another option, they sell directly as well as through online portals.

Goldrushonline.in is another option, is the web interface of MMTC.

The sight and feel of a pure gold coin/bar can be exhilarating.

At the same time, I wanted to know how good is an investment in physical silver? Silver prices move up and down very much. Is it a safe bet as of now? People having knowledge in these please share.

Finally took the plunge and now in the process of having my demat account opened with Zerodha. My dad has been persuading me, for the better part of this decade to do this. And like many of us here, I wanted to start with investments in the Auto sector, something I know better. But initial analysis tells me that a company's stack value, is not linked to its sales performance directly. How and from where should I begin?

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Originally Posted by aravind.anand (Post 4125724)

But initial analysis tells me that a company's stack value, is not linked to its sales performance directly. How and from where should I begin?

I'd say that a week to read through 'The Intelligent Investor' by Benjamin Graham and then begin. You will also get a clear answer to your initial analysis mentioned described above.

Quote:

Originally Posted by aravind.anand (Post 4125724)

But initial analysis tells me that a company's stack value, is not linked to its sales performance directly. How and from where should I begin?

That's not entirely true. Sales and margin determine profitability of what the Company and that's where everything boils down to. But there are limited listed automobile makers in India. You'll have to diversify by considering auto component makers, oil based companies etc to actually make the time spent on researching the market worthwhile.

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Originally Posted by GTO (Post 4131747)

Any BHPians investing in the BSE IPO? Opinions?

A picture is worth a thousand words -

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That is all there is to know. But if you want to read thousand words, check this out - gives you an idea about BSE's revenue sources

http://capitalmind.in/2017/01/would-...hange-bse-ipo/

But, at a particular price, I would be willing to invest in BSE, especially since they have started innovating and not just following the leader (NSE). After all, BSE has a HUGE amount of goodwill because of emotional reasons. Everybody wants the exchange to "do well". A good analogy would be Tata Motors - falling market share but tremendous goodwill and interesting new product pipeline.

Let it list, let the price discovery happen, let them come out with FY17 results, let them declare dividend (a gauge of management confidence) and then we'll see.

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Originally Posted by smartcat (Post 4131758)

A picture is worth a thousand words -

Always look forward to your posts! Couldn't agree more! :thumbs up

On the other hand, if they innovate being an underdog now, things could change for the better! Time will tell!

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Originally Posted by JMaruru (Post 4131909)

On the other hand, if they innovate being an underdog now, things could change for the better! Time will tell!

Right. That's the only way to go forward because unlike other businesses, stock exchanges cannot recover market share by cutting prices. Most investors and traders won't even know how much they are paying the exchanges for each trade - it is such a tiny percentage of trade value.

BSE will be able to atleast keep revenues more or less steady even with falling market share - because Indian capital markets trade volumes go only one way - UP - in the long term.

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Originally Posted by inder (Post 4132456)

One lot is the way to go, because it is going to be oversubscribed. Even if you go for higher lots, by lottery only one lot is allotted to the lucky ones.

That's why I don't like investing in IPOs. You only get a fraction of shares you apply for.

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Originally Posted by J.Ravi (Post 4131830)

I have decided to apply for BSE IPO on 23/01/2017.

Just a few minutes back, I submitted my bid for 36 shares at cut-off price of ₹ 806 under ASBA through my Axis Bank saving account; keeping my fingers crossed.

I have placed the bid for two lots = 36 shares of BSE IPO. Earlier I was lucky with Syngene, IndiGo, Ujjivan and Mahanagar Gas IPOs, where I made decent profit within a short time.

Looks like 50% already subscribed on first day as per news

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NEW DELHI: The Rs 1,241 crore initial public offering (IPO) of domestic stock exchange BSE received 51 per cent bids by close of Day 1 of the bidding process.

By 5 pm, the first IPO of calendar 2017 had receive bids for 54.30 lakh shares out of 1.07 crore shares on the block. Heavy demand was seen from retail individual investors (RII), who lapped up 86 per cent of the quota limit for the category on the first day. Non-institutional investors (NIIs), which include high net-worth individuals (HNIs), subscribed to 12 per cent of their quota limit.