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...

Punj Lloyd

Well... I recall giving tip for punj lloyd as investment opportunity when it was battered down from 250 to around 165... Would be couple of months back...

I have bought some punj lloyd today. Have booked some partial profit in relpow and suzlon..

Punj lloyd has good order book and has recently won good contracts. I am expecting it to continue good momentum going forward too...

A good stock to keep in portfolio.. Even reliance power is good stock...

Bharat Forge

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.

JK Tyres ... Target Achieved

JK tyres has reached its target of 200. With the expansion and price hike they have done, it should go higher. Since it has appreciated more than 100p... I recommend booking profits on the 50p of your shares and get your principal out. Rest you can sell when it reaches 280-300.

More tips later. Happy investing... :-)...

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.

Updates...

Well just wanted to let you know guys...

booked partial profits in central bank, idfc, ifci, hfcl... had to get some liquidity for buying other shares...

bought the following shares...

1. bharti... as i said earlier.. i am accumulating this one on dips...

2. Microtech ... again good company... accumulate on dips kinda...

3. and my favorite satyam... jun/jul is coming pretty soon guys... so hang on to your seat belt or pant belts or whatever ... :-)

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Bharti Airtel

Bharti Airtel off late has been in the news due to the acquisition of Zain.

Market has hammered the share price like anything and it has gone/quoted its 52 week low yesterday.

I would advise to start building position in Bharti Airtel on this fall as it is bound to bounce back. Over a long period of time (say around 2 to 3 years) the fruits of acquisition would start bearing. That time the stock would be scaling new highs.

I would be taking some of my money out of quintegra, hfcl and move to Bharti Airtel as I see it as a very good buy at today's price of 268 Rs.