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What Are The Best Stocks To Invest in 2017 Amid Ban of Rs 500 & Rs 1000?

Discussion in 'Technical Analysis' started by shabbir, Nov 14, 2016.

  1. shabbir

    shabbir Administrator Staff Member

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    Everyone expects inflation to go down with liquidity crunch but my concern is more about demand supply impact with ban of 500 and 1000 Rs and impact of Donald Trump's reforms in USA.

    Continue reading...
     
    shabbir, Nov 14, 2016
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  2. bhat64

    bhat64 Apprentice

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    I have few in my radar, some of these companies must get into a stage 1 i.e once they come off their downtrend..PNC infra, Shree Pushkar, Exide, Mindtree, HCL Tech, ABFRL, Dewan, Mazda Ltd, Britannia, Marico, Essel propack, Kanpur plastipack, Cosmo films, SJVN, Poddar Pigments, Flex foods, Asian Paints, NBCC.


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    bhat64, Nov 16, 2016
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  3. sethuramcbe

    sethuramcbe Responder

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    sethuramcbe, Nov 16, 2016
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  4. shabbir

    shabbir Administrator Staff Member

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    Quite nice list.
     
    shabbir, Nov 16, 2016
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  5. Suresh_Sinha

    Suresh_Sinha Active Member

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    Are you investing in all of them??


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    Suresh_Sinha, Nov 17, 2016
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  6. bhat64

    bhat64 Apprentice

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    Definitely No. The question here was 2017..I will keep tracking these companies and make a decision on which one I pick at that time.


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    bhat64, Nov 17, 2016
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  7. bhat64

    bhat64 Apprentice

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    bhat64, Nov 17, 2016
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  8. shabbir

    shabbir Administrator Staff Member

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    I don't like too many but if I had to select one, it can be Welspun India but again it has high debt and so is an avoid as well.
     
    shabbir, Nov 18, 2016
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  9. bhat64

    bhat64 Apprentice

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    bhat64, Nov 18, 2016
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  10. shabbir

    shabbir Administrator Staff Member

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    shabbir, Nov 18, 2016
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  11. bhat64

    bhat64 Apprentice

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    MPS ltd is one more I have started deep diving on..great management and low debt. Niche business I guess for an Indian company. Using accruals for acquisitions and very neat balance sheet


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    bhat64, Nov 24, 2016
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  12. nirajshah

    nirajshah Champion

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    Great. Thanks for sharing

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    nirajshah, Nov 25, 2016
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  13. bhat64

    bhat64 Apprentice

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    @shabbir, back to Sutlej textiles topic, assume a company has reduced debt yoy but right now after reduction is still at debt to equity of 1.25...and all other fundamental parameters being solid..how should I view the stock? Should I always stick to the ratio being less than 1?


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    bhat64, Nov 28, 2016
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  14. shabbir

    shabbir Administrator Staff Member

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    No. You should not. You can invest in that company. I did invest in Jubilant LifeScience and it was for one solid reason that though sales flat, there is an increase in profitability and reducing debt.

    So under 1 is always preferred but reducing debt and a positive EBITDA and earnings can be a good entry point as well.
     
    shabbir, Nov 28, 2016
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  15. ugowris

    ugowris New Member

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    Hi Shabbir I have entered Bharat Fin today @ 580 let me know if its good at current levels or how much it can fall further
     
    ugowris, Dec 20, 2016
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  16. shabbir

    shabbir Administrator Staff Member

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    400 to 450 looks like a great support and not sure if it can go to those levels or not but wit the speed at which it is falling, you never know.
     
    shabbir, Dec 21, 2016
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  17. bhat64

    bhat64 Apprentice

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    It's falling due to a recent MH government statement on investigating irregularities in micro finance space


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    bhat64, Dec 21, 2016
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  18. bhat64

    bhat64 Apprentice

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    Frens, few more fundamentally strong companies I am tracking for a slow entry when they get to a trading and stable range..over the next 4-8 months...hopefullly..over an above few I listed earlier..Va Tech wabag, wabco, sun pharma, Sanghvi movers, arrow green tech..your comments most welcome please


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    bhat64, Dec 21, 2016
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