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16 December 2016

Discussion in 'Portfolio Updates' started by shabbir, Dec 17, 2016.

  1. shabbir

    shabbir Administrator Staff Member

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    Added 50 more Zydus Wellness to my portfolio (contract notes attached) and it seems very good consolidation is being formed around 820 to 860 levels.

    Zydus.png
    I prefer TradingView Charts

    Have plans to add few more going forward as well.

    In 2016 Nifty formed a bottom at 6820ish levels in Feb and the fact that FED was really aggressive to announce 4 rate cuts in 2016. As it did not happen Indian market rallied.

    In 2017 FED has announced 3 rate hikes. It should drive the market lower and if those rate hikes are a reality, it can make the Indian market underperforming.

    Still, I think this is a good time to be accumulating thought there will be a pain for a couple of quarters or even slightly more but good companies with solid earnings will see good appreciation in price.
     

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    Last edited: Dec 17, 2016
    shabbir, Dec 17, 2016
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  2. nirajshah

    nirajshah Champion

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    Stock has no movement for a year and you still think its a good investment in current market scenario??

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Dec 17, 2016
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  3. shabbir

    shabbir Administrator Staff Member

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    It has not crashed either.
     
    shabbir, Dec 18, 2016
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  4. mdsafdarimam

    mdsafdarimam Active Member

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    shabbir, i prefer stocks on following parameters -
    1) Revenue growth - above 15 percent per year for last 05 years
    2) ROCE - above 20 percent per year for last 05 years
    3) Debt Equity ratio - below 01 for last 05 years.
    judging zydus wellness on above parameters -
    1) Revenue growth - failed
    2) ROCE - passed
    3) Debt Equity ratio - passed.
    it is due to underperformance in revenue growth the stock has no movement, hope niraj shah concern about this stock is answered.
     
    mdsafdarimam, Dec 19, 2016
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  5. shabbir

    shabbir Administrator Staff Member

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    Completely agree with your view.
     
    shabbir, Dec 19, 2016
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