Friends,
Yesterday was a bad day and market tanked by 300 points in late hrs.But that is due to the uncertainty of Infy results.
Midcap/Smallcap has run good and a correction was there for taking.
No need for worry in that space.If we have bought good fundamentals stocks they are bound to go up again.
Such correction lenghthens the Midcap/Smallcap Bull Run...as going only one way will create a big mayhem, so better they correct at regular intervels....
The biggest plus point about this Bull run which started from May 2003, from 3100 Sensex is there is always a corretion and that is making our market to run on and on and on.....ofcourse the fundamentals are intact..as without that it is not possible....hence this type of correction do not exhaust the market to succumb under Bear onslaught and the trends reverse which use to happen in past years in the hisotry of Indian Stock market since Harshad Mehta time, since 1992...
Still there are scores of Midcap/Smallcap which are available and new opportunity will keep on coming...Remember to BOOK PROFIT in your stocks as Indian Market give ample opportunity to buy again...ofcourse this may not happen in all stocks....but profit booking is a MUST....don't hesitate to book profit.....but at the time don't be out of any stocks 100% if you are sure about the fundamentals...
Dear Rajeev and Feltra
ReplyDeleteGreetings, and a Happy New Year.
I have a query.
Had picked up Artson between 45 and 50, after reading and liking the prospects of the company.
Had Invested in it with a 2-3 years horizon.
Subsequent to the takeover by TPL, there is a reduction in face value from Rupees 10 to Rupess 1.
Can you please explain what are the implications of this.
Regards KM
Hi KM,
ReplyDeleteI am holding Artson Eng...not worried about ST blips.....The capital is reduced to 1/10 but our shares will remain same.Means if you are holding 500 shares the quantity will remain same.
Witrh Tata project taking stake of over 75%, it now becomes absolutely a Tata Gr company.
Market is reacting on the stake given to Tata at rs 12...which it thinks is cheap..and hence the downward circuits..and then the midcap/smallcap correction started...
Kalyan Mitta,hold it for a year or two and you will be beniffited immensely...
All those who are holding ARTSON should hold it.If they wants to sell, may sell it as my recomendation first was at 23 than 45-50 and then at 93 and it is still above all those level...I think the down circuit should open anytime next week...Let us see...
But the fundas remain intact..
Dear Rajeev
ReplyDeleteThanks for explaining.
And thanks for comfirming
that the fundas of Artson are
intact. I see huge potential
with their background and experience. I intend to hold on
till the time the company
and the scrip price grow and mature fully.
I want only those scrips that
I can hold for long, so that
I can do other things with my life.
With warm regards as always,
KM
Dear Rajeev
ReplyDeleteShould you feel Ok please tell me, where are you in Gujarat?
When are you leaving for US?
I have spent a lot of time in Gujarat - Ahemedabad and Baroda.
I am extremely fond of Bhuj Kutch and have spent a lot of time there.
I am a trekker, and my much younger troop leader is from
Bhuj.
I plan to be there sometime in next two months.
One of my long time dreams has been to take a camel trip from Kurun to Dholavira across the RUNN. I will be going there sometime in next 2-3 months to finalize that.
Warm regards once again KM
Hi KM,
ReplyDeleteI livwe in South Gujarat part,in Navsari City which is near to Surat and near to Mumbai...by 250 KM...
The places you talked of Bhuj Kutch are known as North Gujarat.Ofcourse BARODA is near to Navsari.It is 170 KM from here.
I will be going to USA, Chicago, on 1st of this Feb along with my Wife and Son on Immigrant/Permanenet base.My first priority there would be to get a decent Job at the earliest and get settled as soon as possible.
Let me see how things pans out there....
dear Rajiv ji
ReplyDeleteplease send your view about 2 metal stock
maithon alloy
jai bala ji
both are multibagger but i want your view
please also sujjest can i enter in spanco if i see rate 60.00
thanks with best regard
Rajeev,
ReplyDeleteSorry I was talking of life time high and not 52 week high.
If the company is really good which it seems but not seen in the price.
company mentions ab very good products and high order book.
DO you think it can be a multibagger from here on for next 3 years?
can u throw some more info on the company as the comp has been a laggard and missed good oppor otherwise with their product mix, they could have been muc better valued comp