whatever said we cannot deny presence of easy dollars
in Indian stock markets--

Considering our political leadership,cast based politics,
political subsidies,credibility of political leadership,
corruption,discriminating business policies hard earned money will never to india.

FOR those FIIS who are investing in INDIA,LAS VEGAS slot
machines offer better payout ratio with similar thrill
of gambling.

Whatever little I have learnt in my small investing phase of my life, I have learnt two simple things;
1. An investor must be an eternal optimist.
2. One must buy companies, not markets.

Raj

Can someone please explain why Sintex is not a good stock to consider for a long term investment.

Past record indicates volatility but consistent returns.

Thanks

The start of a rally generally begins with beaten down stocks (and not stocks like Titan/Page) as there is perceived higher margin of safety in buying a beaten down stock. One may, rightfully, buy a metal company's/bank's stock quoting at close to or below book value than a FMCG stock which is fully priced (at least not hugely mispriced in different parameters, so there is small margin of safety in buying them, e. g. TTK Prestige/Page). would you like to buy a beaten down HDFC or Yes Bank than a Page Industries at 30-35 PE? Here, in this rally, even Tata Motors and Yes Bank have outperformed the Sensex and not only JP Associates (although best performer probably is Reliance Infra).
What has happened is that a lot of traders expected the index to go lower and lower on the back of Index heavyweight stocks, and went on selling/shorting them and in the process deep value emerged in those counters.
This has happened earlier also, and surely will happen again.
As regards the market expectations, there is optimism about rate hike cycle and inflation peaking, UP election results might change the balance of power at New Delhi, and last but not the least, the Greek situation.
As regards the last, I always maintained that Greece would not be allowed to default by US and Germany as the politicians would dread at the prospect of another recession, specially when they will face the electorate in a year or so. So they would, (like everyone else, as it's only human) kick the can down the road and there would be some haircut for the bondholders and a European QE. The GDP of Greece is not so huge so as to arrange the cash for the bailout, although, Italy, France and Spain are different matters because of the sheer size of their economies.
If the rally continues, which is likely at this stage, the leadership may change from the beaten down names, as, after some time, the valuation argument will not hold water.