Long time no see...

Long time I have not posted anything as part of recommendation or updates on what I am buying/selling...

Well I have sold out my entire stake in Unitech at good profit of 70%, was hoping it would go higher. But with bad results and losses in telecom business it was not looking attractive. I am also keeping Suzlon on watch list to sell and move out.

The companies I feel look attractive buy right now are JP Associates, Punj Lloyd (have patience in this one) and Bharat Forge. I have around 20 to 25% of my portfolio in these cos and am increasing my position in them as and when I get some chance.

Also, I have opened some position in gold stocks, around 5% of my portfolio. I recommend putting a systematic investment plan in gold and keep holding for couple of years, it will give better returns for sure.


Also keep watching for deccan gold, mining policy is due this session and it can shoot up. I had recommended it at 40, it is now at 26. I have good position in the same around 5% of my portfolio. Expect this lambi race ka ghoda to go great guns when it starts mining (another 1 to 2 years out) but before mining it would be already accumulated and would have gone up. It can potentially give 100 to 500% returns in 2 to 3 years time frame.

So happy investing/trading or whatever...

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...

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....

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.

Booked Profits In Unitech and IFCI

I booked profit partially in IFCI And Unitech, the proceeds from that are moved to Gujarat NRE Coke.


So, if you read between the lines you know which one to buy ;-)....

Disclaimer: Do your due diligence before buying any stocks.