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Can one start adding to portfolio

Discussion in 'Fundamental Analysis' started by naveen1241, Apr 16, 2014.

  1. naveen1241

    naveen1241 Responder

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    Considering company performance, valuations, oversold, peer comparison, rupe e appreciation just pausing, does starting adding Infosys to portfolio be a good idea ?

    Thanks
    Naveen
     
    naveen1241, Apr 16, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    At what levels and with what target levels?
     
    shabbir, Apr 17, 2014
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  3. naveen1241

    naveen1241 Responder

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    I would prefer to invest in a staggered way and booking profits in spikes and again buying back on dips. The industry PE is around 26X, whereas Infy is trading at 17.7X. Hence considering all other factors, I think this could be a safe investment.

    Dear all. Please share your thoughts.

    Regarding levels, could be buy @ CMP. Target could be 3550 levels with SL around 2940.

    Thanks
    Naveen
     
    naveen1241, Apr 17, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    No I would avoid this stock as of now. I would prefer when it forms the bottom and not try to catch the falling knife as of now.

    The 2 big red candles should stop and I think 3k around is somewhere where it will stop.

    So it is better to be selling in spike but when buying not buy in the first possible red candle but only when there is a plateau or a W after the red candles.
     
    shabbir, Apr 17, 2014
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  5. naveen1241

    naveen1241 Responder

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    True. At times, I tend to turn blind towards technicals.

    Thanks
    Naveen
     
    naveen1241, Apr 17, 2014
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  6. hirenrachh

    hirenrachh Member

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    Can buy infosis at cmp with target around 3600 sl 3300
    Regards
    Hiren
     
    hirenrachh, Aug 4, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    Spot on.
     
    shabbir, Aug 5, 2014
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  8. hirenrachh

    hirenrachh Member

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    Infy....crossed 3600....:)
     
    hirenrachh, Aug 6, 2014
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  9. shabbir

    shabbir Administrator Staff Member

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    Spot on with targets :D
     
    shabbir, Aug 6, 2014
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