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Platinum
I was there... I was right there when the markets crashed in the month of January... trading suspended for an hour.. sensex crashes by 10% in opening minutes... If that was a punch below the belt to the investor community then the journey from January to June has been nothing less than strangling... yes the markets have got dirtier... and I am also dirting myself. Earlier a hardcore investor, I have shifted to ruthless trading... though this is interesting... only as long as you're making money. According to me, the year of 2008 will go down history as one of the best opportunity to invest and reap the benefits in the years to come.
Tough times don't last, tough people do. Our growth story is intact and we will grow... all that is required is a vision... a faith... a belief that the growth path that our country is on is not shortlived... that its not hampered by inflation or rupee depreciation... Yes problems will come... our economy will be under pressure... but have no doubts that it will keep growing... it will... because it has to.
I would want to wish all our investor brother to have faith in the growth story.
I am now operating out of Europe and work for one of the best IT companies based out of Bangalore. I miss my country a lot. But to keep funding my dreams, I need to work from here and invest in the stock market. My hobbies are reading books, the one I'm reading now is by Ken Follett "Whiteout".. apart from that I love travelling and my latest trail was through the Wanderweg in Zurich.
Was a stamp collector as a kid ;-)... and well still keep them and I love writing... my diaries are indispensible...
The following companies are fundamentally strong and offer attractive valuation for investment for a period of 3-5 years where-in they will be alteast 3-10 times depending on the scrips:
1. Relinance Industries
2. Relinance Petroleum
3. Larsen & Tubro
4. Nagarjuna Constructions
5. Teledata Informatics
6. IVRCL Infrastructures
7. Punj Lloyd
8. Bank of Baroda
9. Bank of India
10. Siemens
11. NTPC
12. BHEL
13. Crompton Greaves
14. ABB
15. South Asia Petrochem
16. Thermax
17. GE Shipping
18. Powergrid
19. Welspun Gujarat
20. GAIL
21. Jain Irrigation
Time and the Indian Stock market are the best teachers if you have to build character.
I'd like to wish all of us good luck with our investments
http://ami-kye.blogspot.com
Also see souravkundu’s rated messages
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Its all perspective... One school of thought suggests buying in smaller quantities over a long period of time, while the other school of thought suggests buying in one shot and forgetting about it till your target timeline.
I believe in the second approach... and yes in the short term it hurts, but I do not get affected by such cuts. The business is growing, the conditions are favourable.. company is expanding.. what else are you worried about?
Dividends would come on time as well...
I my vision is much beyond a few months and I have taken my share of shares... and now its time for me to search somewhere else.
Do not worry about Welspun Gujarat at all... its a business you have invested in and 250 is not at all a bad price... infact if you ask me any buy price close to 20 times earnings is considered good... you were getting this below 20 times when it was at 250.. be glad that you bought it at that valuations... 5-7 years down the line people would envy you when you`d tell them that you bought Welspun Gujarat at 250..
Go long is my approach...
I have a list of companies which I find are fundamentally strong and have excellent growth potential going forward... they will reward the shareholders in the long term.
Regards,
Sourav...
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Welspun Gujarat is not expensive at 400 looking at its future growth... but its very important that you do not go on averaging...
The downside risk is very very less in case of Welspun Gujarat but will you be able to hold it and convince yourself if the price goes down to 120 levels?
You need to answer that...
My wisdom tells me to average it out, but you need to take the decision based on your risk appetite...
regards,
Sourav...
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My buy orders for Tisco are pending at 250 levels... I just hope that I get it at that valuations... :-))
I guess this correction is god sent to us... provided we have faith and believe that recession is not permanent... and that sooner than later valuations will pick up with fundamentals... and the same FIIs will be flocking these stocks... and I swear I will not sell my shares to them cheaply... I will sell the same Tisco shares to these FIIs at five times current valuation... and I know they will...
They have been rap*ing the retail investors time and again... its time the retail investors tighten their asses and break the FII dicks...
How is your portfolio looking by the way...? After more than 3 years, my entire portfolio shows only one color...
regards,
Sourav...
Tracked by: 2 Boarder
Yes I realized that Realty will be under pressure atleast for the next 2 years and hence have removed it from my tracker.
I`m not sure it we would be over 60K but 50K is for sure...
Regarding Punj, I`m just waiting for Pipavav port to list... Punj is holding over 20% stake their...
Going forward a few of the lesser margined legacy contracts of Sembawang will also get over...
I stronly believe in Punj and I see no reason why it should quote such low valuations...
Anyways, I have bought my shares and I do not intend to disturb them for the next 10-12 years...
What about you novice1000? By the way, my first love NCC has been beaten down too much... but as usual I am not at all worried about it... For the next 10-12 years I`d only expect the dividends... ;-))
I`m now eyeing GAIL, GE Shipping, BOB, BOI, NTPC, Suzlon and Siemens... the only thing missing is MONEY !!! :-))
Take care friend...
regards,
Sourav...
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Again you read it wrongly... I am not ordering you to read the book... Its a good book, please try to find a copy of the same and read it... you would be surprised... I was, when I read it around seven years back.
Regarding my mother tongue [again I`m not sure from where its coming], I have my own plans in place. I want to read the full composition of Sharat Chandra Chatterjee and that too in Bangla.... but yes, this is not happening now... probably once I turn 40 or something...
Are you also interested in books?
regards,
Sourav.
PS: By the way, the spelling of "tongue" as you have in your message in the bracket needs to be corrected... "tounge" is not the right spelling... but yes, these are minor mistakes :-)) Did you enjoy Durga Puja? Bijoya`r Subhecha janai......
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