Recently I bought some shares of Bharat Forge. It was in auto ancillary segment earlier. Now it has made foray into making engineering equipment for power plants/generation. It's current PE is 44 which makes a bit pricy and over valued. However on a long term basis due to its diversification it can be a multi bagger in years to come.
I recommend it as buy on dips for a long term horizon of 3 to 4 years. With power related infrastructure to be the next boom in India this decade (along with health care) it is worth taking the risk.
I expect the share to provide 100% return on the CMP of 255Rs.
Also recommended for reading is the intelligent investor book by Benjamin Graham. One of my friend Shashi recommended it to me. You can buy it from amazon directly if interested. I have given the link.
Showing posts with label indian shares. Show all posts
Showing posts with label indian shares. Show all posts
Thursday, April 1, 2010
Thursday, March 11, 2010
Fortis Healthcare
Fortis has been in news recently as it acquired some 24% stake in the Singapore based hospital.
I bought some Fortis around Jan 12, 2010 when I recommended it in this blog.
I think it is still a good buy for a long term as it is now the largest health care player in the country after this acquisition with a global foot print.
If there is a blip in the share price, please consider to buy it. I do not think there would be any major correction in this stock inspite of such a great move this year. Every time there is a rise in the price it never retreats or goes back. It falls max 1 or 2 Rs from recent highs.
I would keep this for atleast 2 years+ as the healthcare is booming in India. I would keep evaluating on quarterly basis to see if there is any change it.
I bought some Fortis around Jan 12, 2010 when I recommended it in this blog.
I think it is still a good buy for a long term as it is now the largest health care player in the country after this acquisition with a global foot print.
If there is a blip in the share price, please consider to buy it. I do not think there would be any major correction in this stock inspite of such a great move this year. Every time there is a rise in the price it never retreats or goes back. It falls max 1 or 2 Rs from recent highs.
I would keep this for atleast 2 years+ as the healthcare is booming in India. I would keep evaluating on quarterly basis to see if there is any change it.
Tuesday, November 24, 2009
Satyam Updates
Well satyam got battered today, has gone down by 8%.... well I booked partial profit in central bank like I said in earlier post. Have moved the proceeds to satyam. I feel satyam is going to come out with very strong results in July. And every dip like this in Satyam I feel is buying opportunity.
Tuesday, August 25, 2009
Rolta Target Achieved...
Rolta target of 180 has reached, it is now quoting at 185... tip given on 25-May. Target date was 6 month. Rolta exceeded expectation and reached in less than 4 months...
I would book partial profit in Rolta, it is can go up to 200 and then stabilise around 250.
attached is the stock tip performance.
I would book partial profit in Rolta, it is can go up to 200 and then stabilise around 250.
attached is the stock tip performance.
Sunday, August 16, 2009
Satyam....
The satyam saga has come to an end long time back... Mahindra got what it needed to bring its IT division to big boy's league consisting of Infy, TCS, Wipro....
The reason satyam is being recommended that inspite of the scandal.. it is still a 2 BUSD company... and it is trading at a PE of only 5.8 when the industry PE is 18... with good management in place it wont take long for FII to come back to the shares in herd like they used to do in past... expect this share to be added to F&O segment too.
On a conservative estimate the stock would be rerated and would make it to 200 Rs easily in a year's time.
I recommend a buy on satyam purely on the basis of its fundamentals which got ignored because of the scandal...
Disclaimer: Please do your due diligence before buying any shares.
I bought some shares of satyam today.
The reason satyam is being recommended that inspite of the scandal.. it is still a 2 BUSD company... and it is trading at a PE of only 5.8 when the industry PE is 18... with good management in place it wont take long for FII to come back to the shares in herd like they used to do in past... expect this share to be added to F&O segment too.
On a conservative estimate the stock would be rerated and would make it to 200 Rs easily in a year's time.
I recommend a buy on satyam purely on the basis of its fundamentals which got ignored because of the scandal...
Disclaimer: Please do your due diligence before buying any shares.
I bought some shares of satyam today.
Tuesday, August 11, 2009
NHPC IPO
I subscribed to NHPC IPO mostly for the listing gains...
Over a long term, NTPC looks a better bet with better ROI and growth plans...
IPO closes 12-Aug IST.
Disclaimer: do your due diligence before buying shares or subscribing for IPO.
Over a long term, NTPC looks a better bet with better ROI and growth plans...
IPO closes 12-Aug IST.
Disclaimer: do your due diligence before buying shares or subscribing for IPO.
Wednesday, August 5, 2009
Performance As Of 05-Aug...
Here is the performance update of the stock tip portfolio...
Sorry have been busy so am not able to do research on new shares....
Thanks to one of my friend Rachit, I came to know about Shriram Finance Non Convertible Debentures. They are giving 11.5% rate for 5 year. The NCD are going to be traded on NSE too. So, in case of liquidity crunch you can always exit. The rate is attractive and safe based on the ratings it has received and past history.
Disclaimer: Do your due diligence before buying NCD or shares.
Sorry have been busy so am not able to do research on new shares....
Thanks to one of my friend Rachit, I came to know about Shriram Finance Non Convertible Debentures. They are giving 11.5% rate for 5 year. The NCD are going to be traded on NSE too. So, in case of liquidity crunch you can always exit. The rate is attractive and safe based on the ratings it has received and past history.
Disclaimer: Do your due diligence before buying NCD or shares.
Tuesday, July 21, 2009
JK Tyres
JK Tyres have a posted a good result for quarter ending Jun 2009. The EPS posted is 9 Rs as given here. Currently quoting at 92 Rs, it has a PE of about 10 for this quarter. If we consider three more moderate quarters, its EPS should be around 20 Rs, and PE 4.5...
It has invested 120 cr in OTR manufacturing expansion, its operation commence in Mar 2010. Assuming, it pushes it EPS to conservative of 30 Rs, the PE at current price is only 3. If we factor in the expansion and forward PE of even 8 ( industry average is 10), it should be quoting at 240 in year 2010 Jun or July.
I recommend a buy on JK tyres at current price with buying on dips, for a target of atleast 200 around Jun or July 2010.
Disclaimer: I have some shares of JK tyres at 79 Rs/share. Please do your due diligence before buying any shares.
It has invested 120 cr in OTR manufacturing expansion, its operation commence in Mar 2010. Assuming, it pushes it EPS to conservative of 30 Rs, the PE at current price is only 3. If we factor in the expansion and forward PE of even 8 ( industry average is 10), it should be quoting at 240 in year 2010 Jun or July.
I recommend a buy on JK tyres at current price with buying on dips, for a target of atleast 200 around Jun or July 2010.
Disclaimer: I have some shares of JK tyres at 79 Rs/share. Please do your due diligence before buying any shares.
Thursday, July 9, 2009
Gujarat NRE Coke
Gujarat NRE Coke is a great story in making. Its Mar 09 results saw their EPS go down to 2.5 from 5. This resulted in hammering of the stock from highs of 56 to 36 in the current market fall.
They have acquired 3 coal mines which will provide the coking coal required for its various coke plants. Their current capacity is around 1 million tonnes and they are building another plan in nellore, AP which will have another 1 million tonnes capacity... The current EPS does not factor in the 3 coal mines it has acquired.
On conservative estimate in 2011, its capacity should be 2 million tonnes and with coke prices going up (hopefully) their EPS should easily reach 15. If we keep the PE of 16, the price should be around 130 Rs. Current market price is around 39 Rs, which makes this a gain of 300% + in less than 3 years.
I recommend buying Gujarat NRE at current price and keep buying/holding if there is a dip.
Disclaimer: Please do your own due diligence before buying any shares.
They have acquired 3 coal mines which will provide the coking coal required for its various coke plants. Their current capacity is around 1 million tonnes and they are building another plan in nellore, AP which will have another 1 million tonnes capacity... The current EPS does not factor in the 3 coal mines it has acquired.
On conservative estimate in 2011, its capacity should be 2 million tonnes and with coke prices going up (hopefully) their EPS should easily reach 15. If we keep the PE of 16, the price should be around 130 Rs. Current market price is around 39 Rs, which makes this a gain of 300% + in less than 3 years.
I recommend buying Gujarat NRE at current price and keep buying/holding if there is a dip.
Disclaimer: Please do your own due diligence before buying any shares.
Look Who Bought Majorly On 7th July....
When market tanked, look who bought huge amount of shares....
FII are bullish on India and they know that India story is going to continue...
I bought some minor amount of unitech, suzlon, gujarat nre and hfcl....
Disclaimer: Do your own due diligence before buying shares...
FII are bullish on India and they know that India story is going to continue...
I bought some minor amount of unitech, suzlon, gujarat nre and hfcl....
Disclaimer: Do your own due diligence before buying shares...
Tuesday, July 7, 2009
Some Shuffling Done...
I booked profit in IVR Prime... well not much had bought at 71 sold at 72.5 or so.... but on a positive side I got rid of the not so great stock of IVR Prime...
So here is where I moved my profit to....
Suzlon
Unitech
Gujarat NRE
HFCL
ya ya you may ask why HFCL??? well to cut long story short I am having this "junk" stock as it "may" give "good" returns in its "hey days"... I have huge amount of HFCL I am just waiting for some trigger which can push this stock to 20 or so and I exit...
Till then happy investing.... I am again saying this is good time to buy...
Disclaimer: Do your due diligence before buying any shares....
So here is where I moved my profit to....
Suzlon
Unitech
Gujarat NRE
HFCL
ya ya you may ask why HFCL??? well to cut long story short I am having this "junk" stock as it "may" give "good" returns in its "hey days"... I have huge amount of HFCL I am just waiting for some trigger which can push this stock to 20 or so and I exit...
Till then happy investing.... I am again saying this is good time to buy...
Disclaimer: Do your due diligence before buying any shares....
Monday, June 29, 2009
Unitech
Unitech has posted moderetely OK result. The stock has been hammered from highs of 500 to 28.5. It bounced back smartly to 120, it pulled back to 77, now it is quoting at 87 Rs.
Unitech has debt of 7800 cr. and most pundits were thinking that company is going to go belly up and so would be share holders.
Now with second round of QIP, it was able to raise 350 MUSD easy to get its debts down to 5000 cr which is OK for a company of unitech's size.
It has posted moderetely OK result. It is planning to build lost cost house tragetting lower and middle class people which is the largest chunk of indian population. It will post great results going forward. It is still having PE of 15 which is lower than industry average of 19 as given here. This year's EPS is 4.56. With change in strategy of housing and also diversification in telecom, the EPS should go back to 9 Rs. That should make the price atleast double from the current price. If we factor in that it catches up with the industry PE then it would reach 2.5 times the current price around 150 to 175.
I recommend a buy of unitech at 83 to 86 with a target of 150 to 175 Rs in a period of 1 to 1.5 years from now.
Disclaimer: I have some shares of unitech at 40, please do your own due diligence before buying any shares.
Unitech has debt of 7800 cr. and most pundits were thinking that company is going to go belly up and so would be share holders.
Now with second round of QIP, it was able to raise 350 MUSD easy to get its debts down to 5000 cr which is OK for a company of unitech's size.
It has posted moderetely OK result. It is planning to build lost cost house tragetting lower and middle class people which is the largest chunk of indian population. It will post great results going forward. It is still having PE of 15 which is lower than industry average of 19 as given here. This year's EPS is 4.56. With change in strategy of housing and also diversification in telecom, the EPS should go back to 9 Rs. That should make the price atleast double from the current price. If we factor in that it catches up with the industry PE then it would reach 2.5 times the current price around 150 to 175.
I recommend a buy of unitech at 83 to 86 with a target of 150 to 175 Rs in a period of 1 to 1.5 years from now.
Disclaimer: I have some shares of unitech at 40, please do your own due diligence before buying any shares.
Tuesday, June 23, 2009
Booked Profit In RNRL
I sold 50% of my long position in RNRL. The proceeds are given to HPCL. With fiscal deficit climbing, govt has no option but to divest. I am banking with divestment HPCL would be one of the first on the block.
If that happens, then it may zoom to 4 figures in no time. It has almost same revenues as a RIL but it is quoting almost 1/6 to 1/7th time.
I thinking of moving the remaining 50% of RNRL too in to HPCL as RNRL is more of momentum stock. It is rather good to move to some other oil stock like HPCL.
DISCLAIMER: Do your due diligence before investing.
If that happens, then it may zoom to 4 figures in no time. It has almost same revenues as a RIL but it is quoting almost 1/6 to 1/7th time.
I thinking of moving the remaining 50% of RNRL too in to HPCL as RNRL is more of momentum stock. It is rather good to move to some other oil stock like HPCL.
DISCLAIMER: Do your due diligence before investing.
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