[BaCkSeAtDrIVeR]

Originally Posted by avishar

A fallout of Mistry - Tata feud? And how is Tata Sons planning to pay to buy that stake? The group's financial position isn't that great.

Unless a way was there, Tatas would not have made the offer.

Yes the SP family owns more in %terms in many Tata concerns than the Tata family themselves. 3 decades back, one of those pink papers had a story on this and Tata Steel was the primary example.

While SP group has extensive expertise in engineering and civil construction, I find it amusing that it is the Tatas who have bagged the contract for building the new Parliament building.

On an unrelated note, the new SEBI norms on margin have become an absolute pain for me.

I dont do day trading, BTST or derivatives. Just buy and hold. Or an occasional switch. (Buy X and sell Y) or a churn (sell X and buy it back few days later - this is for capital gains tax planning) Till now, the DP holdings with a dividend yield in 6 digits was used as a margin. Payment for purchases were made same or next day. This gave me a flexibility like in, say I intend to buy N nos shares and finding that prices are lower than I expected, I end up buying 30 or 50% more.

Now, this is not possible. I either need to create a pledge for margin funding, or pay up hard cash. But I am allowed 20% - 40% (depends on the scrip) margin for intra day or BTST. For delivery based purchases, the margin is 100%. Tgere is no such problem with sell transactions since the sell quantity is already there in the depository.

I find this crazy. And speculation oriented.

I guess this is outcome of the Karvy fiasco. But a broker can still give delivery instructions using the PoA. And avoiding the PoA system is illogical coz that would take us back to multiple actions / DP instructions for a client transaction.

So, either create a charge or make multiple payments, is the only option before me.

Anybody else in this situation?

[adimicra]

Originally Posted by avishar

TCS has taken a nose-dive, along with other Tata stocks.

A fallout of Mistry - Tata feud? And how is Tata Sons planning to pay to buy that stake? The group's financial position isn't that great.

I am not an expert in stock market but as a thumb rule, a bluechip consistent high performing company like TCS should be picked up any long term investor after a 10% fall. I bought some today, will buy more if it falls more.

On another note, my investment in Bharti airtel is almost at 18% loss. Any suggestions on whether to hold/sell/buy more? I bought with an investment horizon of 2-3 years or more.

[venkikewl]

My parents have an account in Karvy which is down, now looking for alternatives to transfer shares and trading. The person in charge in karvy is suggesting Motilal Oswal, but I do use Zerodha, so wanted to check with experts here which one is better out of these.

Mod Note : Please avoid typing with excessive dots.........like................this.

Thanks

[ajmat]

Originally Posted by adimicra

I am not an expert in stock market but as a thumb rule, a bluechip consistent high performing company like TCS should be picked up any long term investor after a 10% fall. I bought some today, will buy more if it falls more.

On another note, my investment in Bharti airtel is almost at 18% loss. Any suggestions on whether to hold/sell/buy more? I bought with an investment horizon of 2-3 years or more.

TCS valuation is still a bit high but dont expect to outperform the market. As for Bharti Airtel. Their net debt is high - gearing is near to 160%. Cashfow has been poor over past couple of years partially due to capex costs although it is slowly improving. If you need growth, move on!

[princex]

Anyone aware why RELIANCE is selling its stake in retail now? Should investors be worried about too much stake sale? What's the reading between the lines here ?

[BaCkSeAtDrIVeR]

Originally Posted by princex

Anyone aware why RELIANCE is selling its stake in retail now? Should investors be worried about too much stake sale? What's the reading between the lines here ?

It is a disease widespread among humans, called "makehaywhilesunshines-itis". With discreetionary and recreational spending down, there is simply too much money with those who have no need to borrow. Some went in for IPOs, Ambani went in for private placement.

My only concern is a replay of Ramesh Chouhan (now Bisleri, founder of Thumbsup / Limca brands).

[whitewing]

Originally Posted by princex

Anyone aware why RELIANCE is selling its stake in retail now? Should investors be worried about too much stake sale? What's the reading between the lines here ?

They are monetizing the investments made and if the money is used in retiring debt all the more better isn't it? In the article shared, do look up the heading "b. Reliance Retail is going to raise money through private equity investors"
https://the-ken.com/the-nutgraf/the-...liance-retail/

Originally Posted by BaCkSeAtDrIVeR

It is a disease widespread among humans, called "makehaywhilesunshines-itis". With discreetionary and recreational spending down, there is simply too much money with those who have no need to borrow. Some went in for IPOs, Ambani went in for private placement.

My only concern is a replay of Ramesh Chouhan (now Bisleri, founder of Thumbsup / Limca brands).

Knowing how Reliance has been able to align or get the rules aligned, unlikely they get into a position where they sell out. The above article from The Ken gives a good perspective from the regulatory view point.

[abnormalspirit]

Note from Support: Post fixed. There are multiple grammatical errors & typos in your posts. Please run a spell-check before posting. Thanks!

Originally Posted by venkikewl

My parents have an account in Karvy which is down, now looking for alternatives to transfer shares and trading. The person in charge in karvy is suggesting Motilal Oswal, but I do use Zerodha, so wanted to check with experts here which one is better out of these.

Motilal Oswal is a full service broker, whereas Zeroda is a discount broker. Zerodha has a higher customer rating and less brokerage while Motilal Oswal have high brokerage; you will also get stock tips from Motilal Oswal. My choice is stick with market leader (Zerodha).

Originally Posted by adimicra

On another note, my investment in Bharti Airtel is almost at 18% loss. Any suggestions on whether to hold/sell/buy more? I bought with an investment horizon of 2-3 years or more.

Bharati Airtel have good support at 430 level and all bad news are already hit. We can expect a up movement from now onward if NIFTY is supporting.

[K_Drive]

Any suggestions regarding petroleum marketing companies HPCL and BPCL? Since government extended the deadline for bidding for privatization of BPCL, the stock prices has been going down. I'm having itch to average these shares. Are they worth for long term investments?

[SmartCat]

Originally Posted by K_Drive

Any suggestions regarding petroleum marketing companies HPCL and BPCL? Since government extended the deadline for bidding for privatization of BPCL, the stock prices has been going down. I'm having itch to average these shares. Are they worth for long term investments?

If your itch is because of its low price to book value and high dividend yield, you can average down the stock prices. However, if you are in it for disinvestment, then its a bad idea.

Of the two, HPCL offers better value.

[K_Drive]

Originally Posted by SmartCat

If your itch is because of its low price to book value and high dividend yield, you can average down the stock prices. However, if you are in it for disinvestment, then its a bad idea.

I'm holding HPCL(33% loss) and BPCL(21% loss). Initially I added these stocks to my portfolio as a long term dividend yielding stocks. However, because of current disinvestment plans and uncertainty over long term of petroleum marketing companies, I'm afraid of averaging. Do I have any other options than averaging?

[SmartCat]

Originally Posted by K_Drive

uncertainty over long term of petroleum marketing companies, I'm afraid of averaging. Do I have any other options than averaging?

Don't average then. Just hold on to the stocks and collect the dividends, which is probably more than what you are getting in bank fixed deposits.

There is nothing wrong with long term prospects of oil marketing companies. Mainstream usage of EVs in India is decades away. Both private & PSU refineries plans for expansion (new production capacity) are on track.

[hari_rama]

Guys, need some guidance on Vedanta.

With delisting being a failure, why is price falling? There is still a counter offer option open right?

I have few shares at minimal loss now. At this falling rate is it logical to enter further?

[BaCkSeAtDrIVeR]

Originally Posted by hari_rama

Guys, need some guidance on Vedanta.

With delisting being a failure, why is price falling? There is still a counter offer option open right?

If the promoters have enough money to run an entity of this size this on their own, why should puny you and me invest in it?

The announcement to delisting was a shock for me. It indicated (especially in the context of delisting of group entities from London stock exchange) unwillingness to share profits with share holders. The listed India entity was also having high turnover at the helm - with CEOs changing frequently (as per news teports). I felt it better to exit and stay away. YMMV.

If my memory is correct, the buy back price was far less than 52 wk pre-covid high, far less than book value and book value itself was written down once buy back was announced. In the USA, the SEC may have intervened, or there would have been a slew of class-action suits. I still have not got over the shock and fury, though all I lost this time had made real huge profits some years back) was a couple of thousand. So, treat this as a rant, and not as level headed advice.

[SmartCat]

Originally Posted by hari_rama

Guys, need some guidance on Vedanta.
With delisting being a failure, why is price falling? There is still a counter offer option open right?

A bunch of speculators bought Vedanta at lower price, hoping that delisting price would be much higher than that. Now since they don't want to be left holding the baby, they are bailing out of the stock. Counter offer from promoters is unlikely because LIC chief said they will sell only if offer price is Rs. 300 or so.

I have few shares at minimal loss now. At this falling rate is it logical to enter further?

Only if you like the business, valuations and dividends. If you are waiting for higher delisting price, then it does not make sense to buy more.

Originally Posted by BaCkSeAtDrIVeR

The announcement to delisting was a shock for me. If my memory is correct, the buy back price was far less than 52 wk pre-covid high, far less than book value and book value itself was written down once buy back was announced. I still have not got over the shock and fury

Yes, promoter actions have left a bad taste in the mouth for many long term shareholders.