Hindalco ...

Sorry wanted to post this earlier when the results were announced. Seems the results are below expectation of the street hence he stock went down.

I too am out of Hindalco totally. Made some cool 200+% profit in holding it for 1.5 years.

Next question would be where did I move my money to ???

Well, I have bought the following shares.

1. My current favorite and accumulate on dips - Satyam. Eagerly waiting for July to come...;-)

2. Long term favorite and keep holding for 2 to 3 years one - Reliance Power and NHPC.

Due to some restrictions, was not able to utilise the same money for buying Quintegra. May be tomorrow or Monday's trade day I would be able to do that. Till than wait.

Accumulate on Dips....

Wow what a crash of the market over couple of days... from 5200+ to 4900+ and back

During these days I booked entire profit in JK Tyres (it has some steam left, as results are good so it can go further up ... may be 200 or 220) and MRF.

The proceed went to the following.

1. Satyam - I am firm believer come July 2010, when results are out, the stock is going to zoom, may be fetching around 100% return, I will book partial profit at that time and keep holding till I get multibagger kind of returns...

2. Fortis - The results are too good to miss this out, yesterday when market fell, it still went up showing the strength in the stock.

3. Microtech - It is kind of hidden from MF. Once it is noticed it will go up, a PE of 3.5 with book value of 243, stock is at a huge discount at 184 now. I am accumulating this too on dips.

Have opened some position on quintegra for short term play, may be max of couple of months.

NSE Holidays

Here is the list of NSE holidays ...

1. New Year - 1st January 2010 - Friday

2 Republic Day - 26th January 2010 - Tuesday

3 Mahashivratri - 12th February 2010 - Friday

4 Holi (2nd Day) - 1st March 2010 - Monday

5 Ram Navmi - 24th March 2010 - Wednesday

6 Good Friday - 2nd April 2010 - Friday

7 Dr. Babasaheb Ambedkar Jayanti - 14th April 2010 - Wednesday

8 Ramzan Id - 10th September 2010 - Friday

9 Diwali Amavasya (Laxmi Puja) - 5th November 2010 - Friday

10 Bakri-Id - 17th November 2010 - Wednesday

11 Moharum - 17th December 2010 - Friday

Looking at the holiday list it sounds really absurd to me that there are 3 holidays for muslim festivals out of the total 7 holidays which are religious in nature ... I wonder how many muslim traders are there... If I recall or understand, it is against Islam to put money in bank giving interest and stock market is big NO NO... so majority muslims would not be in stock market... so if they are not in stock market then why have holidays on muslim festivals???

I wonder why NSE does not change this holiday list ot be more practical and in line with the broker/trading community without any bias... let it be more democratic... or may be NSE and BSE are following dictact from Govt???

Quintegra ....

I am going to again take some risk and plunge in to quintegra... quoting at 14.4 or something... it is pure speculative play... a quick move in and out in month... profit can be anywhere from -50% to 100%...

Recommended only to very very strong heart with apetite to loose some money if it does not work out...

The stock used to quote at 35 odd in hey days... it is at 14... i picked up some when it was in single digit and sold it around 14 earlier... since it has stabilized and I have some liquidity with me... would try my luck again and see if this gives some profit to a poor guy...

so long... happy investing/trading...

HFCL On the Rolls...

Just as I was typing the previous blog putting HFCL for strong heart with risk taking abilities, it shot up later in the day... It went up by 20% circuit.... wiping my loses in HFCL... and it had still some 1 cr shares buy order pending with no sellers available.... so some one seems to be accumulating the stock... might be they know something we do not....

with 3G auction nearing... I believe it is around mid Feb this year, it will gather further steam.. it is first in line for getting 2G auction... with no spectrum available to new players... any global giant who is not in India and want to come in has to take over or partner with existing co with license... HFCL probably would fit that bucket... but then again these are wishes.. but you never know when this ghoda (horse) will run... I expect another couple of days of circuit max... taking it to 18 to 20 zone may be... will book some partial profit and put money in micro tech and fortis....

Some Reshuffling and Tips...

I booked some partial profits in JK Tyres (tips give when quoting at 80... now at 158), MRF (sorry no tips given on this :-)), and Gujarat NRE (tips given @37.. now quoting at 89... sure time to book profit in this one)...

so to sum it all I would recommend booking profit in JK Tyres, Gujarat NRE and yes Hindalco... book partial profit... may be take your principal out and keep the remaining shares as fokat (free)... enjoi....

now coming to the proceeds....

have moved it to fortis healthcare.... for a long term.... healthcare in India would be big time industry going forward so would be accumulating this on dips...

next one is odd man out... Micro Technologies... currently quoting at 206... it is in IT but exclusively on security side... its book value is 243... and EPS is 70... making its PE 3.x ... over 5 years it has grown 10 times from 25cr turnover to 250cr turnover ... this year would make probably 300cr... which would be good... only concern is promoter holding is 36% or so... while they have pledged some 1/3 of the stock.... reserves are in some hundreds of crores... I am not sure why they pledge their shares... still taking some risk for longer term...

BTW... did you check out quintegra.. it is now at 15... remember giving the trader tip at 10... cool 50% in a month... sorry I didnt put anything in the stock this time...

I would be watching out for HFCL .. with 3G auction nearing it is becoming too hot to handle... though I have some exposure in it... Only for very strong heart... it can go 40 or it can 5 or go out of business... currently quoting at 12... so do your own due dilegence...

Disclaimer: As usual... please do your own due diligence before investing in any shares mentioned above... and yes I do have position in almost all the shares mentioned above.... :-)...