1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Budget Bets 2017

Discussion in 'Investment Analysis' started by nirajshah, Jan 23, 2017.

  1. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    *Budget Bets 2017*


    1) SP Tulsian
    a) Gujarat Mineral Development Corporation
    b) PTC India
    c) Associated Stone Industries (Kotah)
    d) Dalmia Bharat Sugar and Industries

    2) Dipan Mehta
    a) Alphageo (India)
    b) VA Tech Wabag
    c) GMM Pfaudler
    d) UFO Moviez India

    3) Prakesh Diwan
    a) Greaves Cotton
    b) Ion Exchange (India)
    c) Universal Cables
    d) IG Petrochemicals

    4) Daljeet Kholi
    a) Coromandel International
    b) Bharat Electronics (BEL)
    c) Ashiana Housing
    d) Lakshmi Vilas Bank

    Which one you will pick

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Jan 23, 2017
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Thanks for sharing this thread and I was checking this program and was trying to see if I can find any good stocks to invest.

    I will do the reject first approach and will definitely reject these based on my basic investment checklist -

    • DALMIA Bharat - Yet another sugar company with no pricing power
    • IG Petro - Yet another business
    • Universal Cables Ltd - High Debt
    • Lakshmi Bank - Very low promoter holding
    • GMDC - PSU
    • PTC = PSU
    • Alphageo (India) Ltd Oil - Low promoter stake of under 50%
    • BEL - PSU
    • UFO Moviez - Movies business is very unpredictable as which movie release will do well.
    • VA TECH WABAG - Low promoter stake
    So we are left with
    • Associated Stone Industries
    • GMM Pfaudler Ltd
    • Greaves Cotton Ltd
    • Ashiana Housing Ltd
    • Ion Exchange (India) Ltd
    • Coromandel International Ltd
    Can you do an avoid from these companies?
     
    shabbir, Jan 23, 2017
    Share #2
    nirajshah likes this.
  3. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    Agree with you Shabbir. From this filtered list I already hold Greaves cotton and I have a continue conviction on it. It also has a sort of moat in the small engines category and now entering after market sales also. Balance sheet is very strong and has been in a trading range and I hope it gives a channel breakout soon. Your views are appreciated.


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    bhat64, Jan 24, 2017
    Share #3
    nirajshah and shabbir like this.
  4. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    Ashiana housing has a good promoter pedigree and reputation in an otherwise very shady real estate business. I avoid industries that I do not follow - one of my principles so it's a Miss for me however good it is.


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    bhat64, Jan 24, 2017
    Share #4
    nirajshah and shabbir like this.
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Same with me. I also tend to avoid some sectors and that is part and parcel of being able to understand some business.

    Agree that this real estate company has been getting my attention from yesterday and the only concern that I have with real estate is part of black money (which is the fact) and so how much profits company can (and must) make in unaccounted part.
     
    shabbir, Jan 24, 2017
    Share #5
  6. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    nirajshah, Jan 24, 2017
    Share #6