HIT 2710 PORTFOLIO
Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Portfolio Check Up
Forum Discription: Members may put forward their portfolios dor comments from other members. The final call will obviously be taken by the investor himself.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2290
Printed Date: 03/May/2025 at 6:20am
Topic: HIT 2710 PORTFOLIO
Posted By: hit2710
Subject: HIT 2710 PORTFOLIO
Date Posted: 13/Aug/2009 at 4:10pm
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LONG TERM STOCKS PAREKH ALUMINEX 18 % LAKSHMI ENERGY 18 % TTK PRESTIGE 7 % GSPL 8 % HAWKINS 5 % PATELS AIRTEMP 2 % VIVIMED LABS 6 % APW PRESIDENT 2 % TIME TECHNO 4 %
MEDIUM TERM ALLIED DIGITAL 5 % HEIDELBERG CEMENTS 6 % IOB 6 % OIL COUNTRY 6 % APAR 4 % ESCORTS 3 % Recently sold out of Natco, Orchid,Nocil and bought IOB and Heidelberg. Initially I had only three stocks namely PARAL,LEAF and TTK PRESTIGE but I wanted to diversify and hence booked profits in all three partially. My acquisition cost for PARAL, LEAF and TTK PRESTIGE are much lower because of booked profits and hence I intend to hold the rest for longer time. Recent buys include IOB, Heidelberg,vivimed,Oil Country,Hawkins, Time Technoplast. Escorts is purely bought on technical analysis of the stock. I am rethinking about Oil Country because of management concerns. (I intend to give it around 2 months to do its bit and reconsider) I FOCUS MORE ON GROWTH STOCK WHICH DELIVER CONSISTENT GROWTH AND OCCASSIONAL STOCK LIKE LAKSHMI ENERGY WHICH HAS A GOOD BUSINESS MODEL, BUT HAVE FALLEN ON BAD TIMES. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Replies:
Posted By: subu76
Date Posted: 13/Aug/2009 at 5:32pm
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Hi Hit,
I am not aware about any of these companies besides Hawkins...
But basically it is great to see someone building conviction and betting on unpopular names not picked directly from TV channels
I have one point on the cyclicals in your portfolio....
hope you'd be ready to back them up with additional capital if prices go down drastically.......as they could
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Posted By: basant
Date Posted: 13/Aug/2009 at 6:04pm
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The time to back the cyclicals was in March 2009. They have now become a pure earnings play hence that relative attraction seems to have evaporated - at least from the way I see it.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 6:36pm
Hi Subu, The only probable cyclical I see is Lakshmi energy although in strict sense it is not a cyclical. Regarding Heidelberg, I see it more as a value play with top notch management and good results every quarter since past many quarters.To me it looks like a rerating candidate because of cash in hand and pe. Apar is one stock in which I have very small holding. I view as more of a turnaround. Rest of stocks like Parekh Aluminex is a sort of FMCG, just as Vivimed and Hawkins and TTk Prestige seem to be all weather stocks. The newer babies like APW, patel's airtemp etc have valuation on their side. IOB is I feel one of the cheapest PSU bank stocks. I read a report by Kotak about 2 weeks back and was impressed by it. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 6:40pm
Very true Basantji. Even finding stocks from large caps and the popular midcaps where you can make money and not lose them is difficult although these opportunities do lie in the less fancied micro and small caps but they require a lot of conviction on our part to buy them. It is the disbelief in the stocks which makes them available at cheap valuations. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: SingleMalt
Date Posted: 13/Aug/2009 at 6:47pm
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Hit, it appears that you have exited VST Tillers totally. Do you plan to reenter sometime soon? ------------- If only I knew then what I know now... |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 6:53pm
There is the small headwind of poor monsoon affecting sales of tractors and tillers for next one or two quarters. I intend to re-enter but I think stock will consolidate for some more time maybe till Sep quarter numbers. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: shadows
Date Posted: 13/Aug/2009 at 7:43pm
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Hi Hit I was really not aware of some names from your bag.  untill now.Where you found these stocks.:PATELS AIRTEMP , APW PRESIDENT The stocks I like from your Holdings is Escorts and GSPL. I feel they may give very good returns in medium to longterm |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 7:55pm
Patels Airtemp is one stock which I have been observing since past almost 1.5 years and it is a company which gives consistent results. And APW was an accidental find while looking at its technical chart. I looked up the fundamentals and found it interesting and hence a small position. I have written detailed synopsis on both these in stock synopsis forum. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 13/Aug/2009 at 8:25pm
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Hit another question....
Which is the stock that you have which you hope will increase it's profits many times over?
That as we know if a function of scale of opportunity, additional investments required, management, moat etc etc
I'm trying to ask a lot of questions....since i'm also trying to form my own concepts in this discussion
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Posted By: hit2710
Date Posted: 13/Aug/2009 at 8:43pm
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Hi Subu,
My first choice in the category you mentioned would be Parekh Aluminex. They are into AFC and Aluminium rolls where there is likely to be very strong demand going forward and justified by company's expansions. Another is vivimed labs which is a sort of fmcg ancillary company with products like triclosan and sunscreen ingredients. Heidelberg cement with its new promoters and cash on books is likely to increase its capacities and profits. APW and Patels Airtemp are sort of bets on upcoming companies. TTK Prestige and Hawkins need no introduction. Lakshmi Energy, a lot has been written and discussed about it. ADSL is a sort of medium term pick. Since it has given me good profits thanks to Nilesh Mahajan, I continue to ride it. Oil Country Tubular has shown remarkable growth since coming out of BIFR.
Escorts is a technical pick. If it can cross 80-82 with volumes, it can give very fast returns. IOB was mentioned in a Kotak report as a buy at 88 with targets of 140 with valid reasons. Cy 09 eps is 24 and cy 10 is projected to be 19.7 and in CY 11 25. Following is their conclusion on the stock. Valuations adjusted for likely risks are not too expensive We currently model modest expectations in our financial model for IOB over the next few years: (1) NIM decline of 15 bps in FY2010E, (2) fee income growth of 15% yoy in FY2010E and FY2011E, (3) fresh NPL slippages at 5.5% of loan book in FY2010 and 3.0% in FY2011E leading to an increase in gross NPL ratio at 6.8% as of March 2011 compared to 3.0% as of June 2009. The current valuations at 0.7X PBR FY2010E appears to factor depressed profitability in perpetuity, which is inappropriate, in our view. I dont expect my stocks to be multibaggers because I dont know which stock will turn out to be that but if my stocks give me reasonable appreciation, I would be quite happy. I try to be on the fair side of valuations. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: smartcat
Date Posted: 13/Aug/2009 at 9:28pm
| We have a thread on Time Technoplast http://www.theequitydesk.com/forum/forum_posts.asp?TID=1822 - here |
Posted By: subu76
Date Posted: 13/Aug/2009 at 9:49pm
| Excellent .. thanks for the detailed reply |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 10:27pm
Thanks, ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: 9StockPortfolio
Date Posted: 13/Aug/2009 at 10:47pm
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Your selection is fantastic, also your risk appetite. Many stocks have debt/equity ratio more than 0.5. Which make me nervous. but i must say you have got a HIT portfolio. Please don't mind if i borrow one or two ideas from your portfolio.
------------- Pursuit of Value |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 12:04pm
You are most welcome to borrow the ideas. In fact the more the merrier. It will push up my portfolio.
Regarding debt equity ratio my cutoff line is around 1 for growing companies because many a times during expansion phase the debt burden is quite high. It is how quickly they repay the debt that differentiates them from ordinary companies. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: praveen
Date Posted: 13/Aug/2009 at 10:13am
I quite like your attitude, and that may well be the key to your investment success.
------------- The quest for knowledge is a never ending Journey |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 10:45am
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OIL COUNTRY TUBULAR UP AROUND 10 % IN OPENING TRADES TODAY.
ANY NEWS? IT MAY MAKE MY DAY. SEEMS LIKE SOMETHING OPPOSITE OF COMMENTATOR'S CURSE. WHATEVER STOCK IS DISCUSSED BY ANYONE ON TED SEEMS TO FLY WITHIN FEW DAYS. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 13/Aug/2009 at 11:23am
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sold some oil country tubular and bought idea for trading for short term. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 14/Aug/2009 at 9:02am
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Yesterday Ashish Chugh recommended Oil Country for targets of 75 plus on his stock pick in the game they play on cnbc tv 18.
These people along with the channel seem to be colloborating to push up stock prices. I took advantage and moved out of it and got completely into idea for trading purpose.. Don't know if it was a wise idea.
But I also checked on the promoters and was not very encouraged by their behaviour. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 15/Aug/2009 at 12:34pm
IMO this is very mature thinking. Also, I sense that you are totally unattached to your stocks.
 How long have you been putting money in the stock market?
Please share the biggest learning as well
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Posted By: hit2710
Date Posted: 16/Aug/2009 at 8:08pm
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Hi
As you say, I have been putting money into the markets literally from 2000 to 2008 but from Oct 2008 till date I have been making money, but still learning about investing. I like combining fundamental and technical analysis although at times both don't go together case in point being Nocil where charts suggest blockbuster but fundamentals don't support so I am waiting on sidelines, occasionally doing trading. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 16/Aug/2009 at 9:03pm
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excellent .... hope you have a good journey from now on.
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Posted By: hit2710
Date Posted: 16/Aug/2009 at 11:25am
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Thanks Subu.
Today is a sort of paradoxical day when markets are down 300 points and most of my stocks are up some almost 8-9 %. Don't know how to react. I am following the maxim, when right sit tight. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: chimak10
Date Posted: 16/Aug/2009 at 11:34am
| You are now market maker sir. |
Posted By: subu76
Date Posted: 16/Aug/2009 at 11:37am
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He He....nice one
Hitesh, could you also please share your way of buying/selling stocks earlier?
I am unable to comprehend how buying 4-5 p/e stocks caused you losses during a stock market boom. (atleast this is what i thought you mentioned)
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Posted By: subu76
Date Posted: 16/Aug/2009 at 11:39am
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Also, I am trying to develop the habit of not checking prices more than once a day....to keep myself busy i've decided to watch the BSE announcements sections instead.
The watched stock never rises.
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Posted By: hit2710
Date Posted: 17/Aug/2009 at 12:10pm
Nothing to it chimakji. I just throw stones and hit the bird accidentally. Maybe the luck favouring me. Don't know when it will turn reverse. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 17/Aug/2009 at 12:13pm
I used to trade in weapons of wealth destruction. options and futures and now I occasionally use options only to hedge. That is the difference. Besides I have started thinking longer term now.------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 17/Aug/2009 at 12:30pm
Great...thanks for sharing.......
This figures i guess.
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Posted By: hit2710
Date Posted: 17/Aug/2009 at 11:59pm
The stock is now back on my radar. Today it was around 345. Let us see how much more down it can go. Bad monsoon will be an overhang on the stock. Incidentally the stock has 51 % market share in tillers. hence it is a sort of market leader. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: SingleMalt
Date Posted: 17/Aug/2009 at 1:00am
------------- If only I knew then what I know now... |
Posted By: subu76
Date Posted: 17/Aug/2009 at 2:14am
Interesting...
Hit, could you kindly share the source of the 51% market share data.
Any idea if this percentage is sustainable.......
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Posted By: hit2710
Date Posted: 17/Aug/2009 at 11:31am
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the source was an article in a gujarati newspaper. But regarding the sustainability of growth i feel for next few years the growth will be less spectacular although steady and the stock will give steady returns.
The management pedigree is very good. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 18/Aug/2009 at 2:17pm
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Sold out idea, plan to buy vst tillers on decline.
booked partial profit in gspl. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 18/Aug/2009 at 1:23am
Thanks...and i personally prefer the steady ones i think.
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Posted By: hit2710
Date Posted: 19/Aug/2009 at 2:15pm
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Started nibbling at VST tillers. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 20/Aug/2009 at 1:27pm
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Getting into cash. Offloading and booking profits. Capital preservation mode. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 20/Aug/2009 at 1:34pm
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Hitesh......Why are you checking out of TTK?
The company still has EPS upside (new products, self sustained expansion, competitors also doing well, scope for efficiency gains..blah blah)
Offcourse, booking profits never cause losses but why bother?
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Posted By: hit2710
Date Posted: 20/Aug/2009 at 1:55pm
Agreed, eps upside exists. But I have booked out due to sharp run up and upside potential is limited at this price. I sold at 192 and already stock is at 183. I will re-enter when it comes down somewhat. Besides I am not too comfortable with the overall markets and when sharp corrections do occur, they do not spare any stocks. If markets do not come down I will sit on sidelines and keep on accumulating stocks like Patels Airtemp where I am getting stock dirt cheap. Elsewhere, if stock prices still go up, let someone else earn more money because he is taking higher risk.. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 20/Aug/2009 at 2:32pm
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Thanks for detailing out your approach.
I am still trying to firm up a sell approach...hence the query.
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Posted By: 9StockPortfolio
Date Posted: 20/Aug/2009 at 2:44pm
Hit bhai I liked your approach. I am also following the same..Though it falls under short term trading, some may call it as speculation.. i prefer to take out certain amount of profit. and prefer to sit in cash. I just want to ask you one question. Suppose i have got out Rs.18500 profit on 100k capital from 1 Apr 2009 till date, would it be good strategy to put whole 118500 in FD and come back next year? or invest it again right now in other?..If my target is to get 22% return per year..whould this strategy work for next say 5 yrs? ------------- Pursuit of Value |
Posted By: hit2710
Date Posted: 20/Aug/2009 at 4:00pm
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Hi 9StockP
My problem with current market is as i see it it lacks the strength to move up a whole lot. So if it does not go up, where does it go? Maybe sideways or down. If i am wrong, then also I have booked my profits and if it goes down I will buy at a lower price. Regarding putting money in FDs, it is certainly a way of preserving capital. Personally I keep some amount of my money in FDs which I don't use for stocks and the money I use for investment in stock markets, I use only for stocks. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: Monkey
Date Posted: 23/Aug/2009 at 12:26pm
| How about trailing stop loss as a tool of riding the bull (however irrational it might get) and get out relatively easily? Requires tough emotional discipline though. |
Posted By: hit2710
Date Posted: 23/Aug/2009 at 10:53am
That might be a good idea but sometimes markets open gap up or gap down and then you would not be able to put stop losses in place. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 24/Aug/2009 at 2:10pm
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Sold some jayshree tea and goodricke.
Bought some Plastiblends. good div yield in good and bad times. Baki sab Vivek Sukhani ke bharose. Looking at elgi equipments based on charts. Fundamentally and management wise also a good stock. Stock has broken out of Inv H&S formation although volumes are not very huge. Stock seems to be consolidating after a good move. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 24/Aug/2009 at 6:58pm
| Sir, did you sell out of Apar? |
Posted By: hit2710
Date Posted: 24/Aug/2009 at 8:37pm
I got today around 145. Maybe will buy lower down. Bought more IOB. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 24/Aug/2009 at 9:50pm
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Hit Bhai, are you still holding Natco |
Posted By: hit2710
Date Posted: 25/Aug/2009 at 2:38pm
I had only 300 shares which I sold off around 119-122. Enough I think.
I like IOB and Heidelberg at current prices. I am also studying some details of Ind Hotels for very long term- something like core holding of portfolio. I think the property they own is much more than market cap of the company. No details as yet. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 25/Aug/2009 at 2:39pm
excellent.....you are really having a nice time man.... 
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Posted By: hit2710
Date Posted: 25/Aug/2009 at 3:45pm
Selan up 17 percent today past 300. Subu, you must be ecstatic. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 25/Aug/2009 at 4:01pm
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Bought small amount of resurgere mines at 81. 11% of its all time high at 740.
It is a technical punt. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: 9StockPortfolio
Date Posted: 25/Aug/2009 at 5:24pm
HIT, will you pls elaborate on this stock pls? what technical quality you have seen? Numbers are quite OK. ------------- Pursuit of Value |
Posted By: subu76
Date Posted: 25/Aug/2009 at 5:30pm
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Ya...hit bhai...what's the dope with resurgere? Atleast tell us something Correction: I understand you are busy. Please let us know when you have the spare time. |
Posted By: subu76
Date Posted: 25/Aug/2009 at 6:15pm
Well, i'll throw a party if they discover some sustainable oil fields rather than doing the one off hit or miss oil field drilling they are doing so far.
It's a real shame that Indian companies have not had access to the latest technologies so far. Someone should be hanged for it.
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Posted By: shadows
Date Posted: 25/Aug/2009 at 6:40pm
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I too busy in hizaking few hit stocks into my portfolio I think resurgere mines is a stock for the operators. investors has to think twice to enter in it ..............but looks interesting at current price. i think it subscribed only 0.4 times in it's IPO category  |
Posted By: hit2710
Date Posted: 25/Aug/2009 at 7:46pm
Hi, Now I am relatively relaxed because the friend is out of icu and now responding very well to medicines. There is a lesson I learnt from that also and that is that deficiency of vitamin B12 which is nowadays very common due to junk foods and cola culture, should not be neglected. I will put a write up on it because I feel it is very important for good health maintenance. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 25/Aug/2009 at 7:54pm
Hi, As you say, it is a trading buy only. But many a times this 11% level takes almost 3-6 months to play out. So in effect it becomes a medium term investment. And you are most welcome to hizack the stocks. Have a look at IOB. It is a value buy and stock is consolidating above the 200dma which is around 79. Cy eps around 24 ROE around 22 and P/B around 0.7 (current book value around 109) It merged suvarna sahakari bank based in Pune with 12 branches with itself from may09. Dividend declared is 4.5 per share. I find it very interesting and am buying around 80. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 25/Aug/2009 at 7:54pm
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Lemme also see if I can dig up something on resurgere....
On the 11% thing...there is some past evidence as well.
In stocks your probabilities of success is more if you bought stocks which have fallen a lot. That's well documented past data.
This is like low p/e stocks do better on an average than high p/e stocks.
If you believe in probabilities based on past data you can't overlook such stocks.
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Posted By: subu76
Date Posted: 25/Aug/2009 at 7:55pm
Good to hear that your friend is recovering. Excellent. 
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Posted By: hit2710
Date Posted: 25/Aug/2009 at 10:51am
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Bought some federal bank and max india. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: Circuit
Date Posted: 26/Aug/2009 at 2:24pm
| Any trigger or rationale to buy Federal Bank ? |
Posted By: hit2710
Date Posted: 26/Aug/2009 at 3:55pm
Recently icici bank md chanda kochar talked about their intention to take over some bank in India. (it was alluded to indirectly, we can read in between lines) There are quite a few banks which could be potential takeover targets. Foremost would be fed bank. Even by itself, it is available at around book value, with cy eps at 28 and expected growth of eps by around 15-20 percent conservatively. Good CASA ratio of around 26 percent and capital adequacy ratio of around 20% Return ratios would be low around 14-15% and hence the stock is under pressure. At this price, a lot of negatives are factored into the price and hence I bought it. Also, the net npl is around 0.3 % I feel the stock has got good return potential. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: Circuit
Date Posted: 26/Aug/2009 at 4:14pm
Federal Bank Management has indicated that the merger with CSB (Catholic Syrian Bank) bank will materialise in next six months.... If that happens, Federal Bank will become 4th largest pvt. bank in terms of Branch network, do you think "Chanda" can afford it? |
Posted By: hit2710
Date Posted: 26/Aug/2009 at 6:47pm
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Merger or takeover is a distant possibility with fed bank which could be icing on the cake. But fed bank itself is nicely positioned to grow and seems to be attractive in itself because any private sector bank less than book value looks attractive. In current market scenario, we have to look things which have been overlooked and bet on them because most of the things have run up ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 27/Aug/2009 at 12:07pm
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Offloaded some apw. stock up to 100. Acquisition cost for rest will be much lower. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 27/Aug/2009 at 10:47pm
| There was an article about heidelberg cement(sorry for spelling) in bajaj's monthly investment magazine...points were same which you have brought out...m not having regular source of income else would ve gone for it...all the best.. |
Posted By: hit2710
Date Posted: 27/Aug/2009 at 11:37pm
I tend to rotate some of my medium term picks when a particular stock runs up too much. I sell part of it and put it into something else I find attractive. Not too much new money goes into the portfolio in my case. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 27/Aug/2009 at 12:55pm
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Hitesh bhai, its a pleasure to know you...
One question here, how do u decide ur exit strategy
10 only on the basis of % gain on investment
2) based on P/E & quarter results
3) Does time duration plays a factor?
I mean if in a stock in 10 days if ur money got appreciated by 80%, will you book profit full/partial even if there is no change in fundamentals?
These things confuse me a lot and frankly till now , i ve not been able to develop a well defined exit strategy ( one reason , I m in this game from past 3 years, just started as a beginner without any knowledge , 6 months and market crash, so , lost heavily as never worked on fundmentals, so exit strategy in profit ki baat hi nahi ati ,) but in past 6 months also, I have not been ble to develop a perfect exit strategy like i have on entry side...
please add some value..
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Posted By: hit2710
Date Posted: 27/Aug/2009 at 10:19am
Many a times exit strategy is a combination of factors. Sometimes technical analysis provides a clear cut clue about the resistance zones. Other times as in the case of ttk prestige, my buying zone was around 120-130 and target was somewhere around 175-180 and the stock overshot it because fundamentals were very good. But I got out between 185-192 and stock is well above it. But I have no regrets because I have made almost 50 percent returns within 3-4 months. Now i have employed that money in IOB and Max India and Heidelberg as I see higher returns there. But many a times the reverse happens and while the stock you sold goes up, what you bought in its place just refuses to move. Another strategy I employ is to buy say 100 shares of a company and if the share rises about 25-30 percent, I offload half of them so the acquisition cost for the rest comes down to a comfortable level. So there is no fixed strategy for the whole portfolio. Individual stocks have individual exit strategy. For Lakshmi energy, 200 dma is around 121 where it will face resistance but my gut feeling is that it will overshoot it and then come back to take support at that level. Let's see how things pan out. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 28/Aug/2009 at 2:05pm
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Bought VST Tillers. Bonus date not announced as yet.
bought some max and fed bank. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 28/Aug/2009 at 8:42pm
| Yes and that was the mistake i did last time, bought at exact 83, sold at 116..became lalchi n bought again at 116, even though charts showed a DOJI after touchin 121, i did not sell and it fell to 110 levels,had to average out and almost 60% capital was locked there, so, even though , even i feel, this time it should cross 121 level n should get to 140, i offloaded 600 shares yesterday at 115...holding 200 for long term.. But seeing a good support at 108, i think enter at 109 and exit at 115 as intra day strategy with tight stoploss below 107 does not seem bad idea if there is some free cash which is not planned to invest...2 rupee loss 6 rupee profit chnces.. lets see ....kya hota hai..... |
Posted By: suru27
Date Posted: 28/Aug/2009 at 8:47pm
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thanks for your views..
yes lakshmi should cross 121 , even if it does not cross for the time being, based on intraday technicals 108-116 range seems to be good as it looks it has found its new major support level at 108 after 83..last time wen it fell from 121, it just tanked below 108 i suppose no strong support was visible..
a better quarter result might boost the stock next month as last qtr results also showed sign of recovery..but monsoon/inventory can work in opposite directions, but still i feel, if they would have had inventories which was the reason for stock to go down, they would ve cleared some of tehir inventories because of current shortage..
lets see kya hota hai..
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Posted By: hit2710
Date Posted: 28/Aug/2009 at 8:53pm
I got lucky there when I sold out completely between 113 and 120 and I invested half the capital in ttk prestige. I started accumulating lakshmi below 95 and kept on buying till about 75 and now sitting pretty. I think once we sell out of a stock, if we feel there will be declines, the buying should be staggered. In lakshmi, current move should make a higher top as compared to earlier high because there is the drought sector tailwinds to help it. I am going to book out half of my holdings above 130 (my target for this upmove is around 145-155) if indeed it gets there and keep the remaining half for longer term as the picture is bound to improve. It has been a dream stock for me along with PARAL and TTK prestige. In all of these I have wonderful rides even good trading in between. Now I wish to replicate in VST Tillers. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 31/Aug/2009 at 2:32pm
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Bought Hind Unilever 270 calls at Rs 5. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 31/Aug/2009 at 3:55pm
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sold some GSPL today. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 01/Sep/2009 at 1:47pm
| yes volumes icreasin uniformly in vst .. good sign.. once around 400 breakout can happen....praj i got at 83 with strong support formation ..seems ll find support at 101....upward there are many resistances.. 105,110,120.. but seems ll trade above 100/105 now.. |
Posted By: hit2710
Date Posted: 02/Sep/2009 at 1:21pm
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BOUGHT SOME BLUE STAR FOR SHORT TERM AND MEDIUM TERM
HIND LEVER 270CALLS GOING WELL. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 02/Sep/2009 at 1:34pm
SOLD OFF AT 7.5 ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 03/Sep/2009 at 5:48pm
| Hitesh bhai.. celebration time..lakshmi breaks long time 121 resistance... |
Posted By: suru27
Date Posted: 03/Sep/2009 at 5:49pm
|
hitesh bhai...
celebration time..lakshmi breaks..long time 121 resistance..
|
Posted By: suru27
Date Posted: 03/Sep/2009 at 5:55pm
| hitesh bhai...........lakshmi breaks 121.. |
Posted By: chimak10
Date Posted: 03/Sep/2009 at 6:04pm
Who is this lakshmi????? 
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Posted By: hit2710
Date Posted: 03/Sep/2009 at 6:49pm
 Lakshmi is in a real sense lakshmi. Thanks suru. As you say, celebration time. VST Tillers also starts moving as expected. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: hit2710
Date Posted: 04/Sep/2009 at 1:41pm
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Bought Mahindra financial ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: subu76
Date Posted: 04/Sep/2009 at 2:49pm
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Hitesh, what is the deal with Mahindra Fin?
Also, any idea if Sandesh is a mass circulation newspaper in Gujarat like say Dainik Bhaskar is in some north indian states.
|
Posted By: Monkey
Date Posted: 04/Sep/2009 at 2:52pm
| Yes. Sandesh is mass circulation paper. Another prominent is Gujarat Samachar and now one more added from Dainik Bhaskar group. Newspaper market in Gujarat is dominated by these three. |
Posted By: chimak10
Date Posted: 04/Sep/2009 at 3:05pm
| But the biggest one is gujarat samachar atleast in mumbai........sandesh though is not that popular....plus mumbai samachar |
Posted By: Monkey
Date Posted: 04/Sep/2009 at 3:07pm
| Yes. Gujarat Samachar is market leader. Sandesh is seond or third, I am not sure. |
Posted By: subu76
Date Posted: 04/Sep/2009 at 3:08pm
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Got it......Seems like they are not a market leader as their site seems to claim.
I's looking at this stock and it seems like it's doing ok.
Profits have been chugging along nicely...Times has bought a stake etc.
But the catch is they have some financial business which generates a lot of money.
|
Posted By: subu76
Date Posted: 04/Sep/2009 at 3:09pm
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Mumbai guys any idea about Planet Godrej. Newspapers seem to suggest apartments are selling like hot cakes there. Seems like Simplex Realty has a huge stake there and it's going cheap
|
Posted By: hit2710
Date Posted: 04/Sep/2009 at 4:03pm
I booked intraday profits in M&M Fin at 222. Couldn't resist.Had bought it at 216.
Sandesh is not a market leader in Gujarat although it is among top three newspapers, others being Gujarat Samachar and Divya Bhaskar. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: nav_1996
Date Posted: 04/Sep/2009 at 5:26pm
| That is dangerous strategy. I lost a 6 bagger in Bajaj Auto Fin trying to book profits. I was loaded completely with the stock between 45-50 but lost big opportunity trying to book 20% profit :( |
Posted By: hit2710
Date Posted: 04/Sep/2009 at 7:54pm
Yes, I agree, but I only bought it for small gains because I don't see too much of multibagger potential in the scrip. At best it could be a steady performer. The monsoon overhang is going to remain for some time to come so I think plenty of chances available for further buying. It is not going to outperform the market by a wide margin. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 04/Sep/2009 at 9:23pm
| HEY sorry for postin that message thrice.. By the way i think according to charts if tomaro lakshmi opens at 130 and goes below 130 and stays below for one hour it wont cross 133 level for some time and i m planning to book half profit.. what your take???????? |
Posted By: hit2710
Date Posted: 04/Sep/2009 at 9:45pm
I think I will stick to the stock for some more time. Charts do suggest what you think, but here I would like to go by gut feeling. One thing is for sure and that is that the stock will definitely come back to test 200dema at 121. So there is a small trade if you feel like it. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: suru27
Date Posted: 07/Sep/2009 at 4:20pm
| Hitesh bahi.. today it was like alla meherbaan to gadha pehelwaan.. i finally sold laxmi at 132.. n entered to vst tillers with all that money at 378 seein 375 ka support with a pure intraday view n bingo man.....400 ka level break ho gya.. great day.....your call was perfect....:-) |
Posted By: suru27
Date Posted: 07/Sep/2009 at 4:22pm
| wil enter into lakshmi again soon so dat i dont miss the big bus..good it came down to 132-33 after hittin 36..parekh is zoomin now...other good news..:-) expectin to cross 125 befoe their AGM... |
Posted By: hit2710
Date Posted: 07/Sep/2009 at 6:58pm
I feel lakshmi can go to 140-150, let us see how things pan out. The circuit filter for parekh aluminex seems to be 10 % from today. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |