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23 Wealth Destroyer Stocks – How To Identify Them In Advance

Discussion in 'Technical Analysis' started by shabbir, Dec 18, 2016.

  1. shabbir

    shabbir Administrator Staff Member

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    Report by ETMarkets on 23 most wealth destroying stocks from march 2011 to December 2016 and how to identify such wealth destructors in advance to invest safely

    Continue reading...
     
    shabbir, Dec 18, 2016
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  2. dev

    dev Member

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    Fantastic post Shabbir. Totally agree with you on this one.
     
    dev, Dec 18, 2016
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  3. nirajshah

    nirajshah Champion

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    nirajshah, Dec 18, 2016
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  4. rrjain319

    rrjain319 Member

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    Superb Post,

    Would be grateful if you can give your comments on my below portfolio, the number next to each stock is my buying price...
    1. Tech Mahindra - 504
    2. ICICI Prudential - 334
    3. Banco India - 236.1
    4. Hexaware - 232 {Planning to exit as soon as I get good opportunity}
    5. Titan - 399.24
    6. Godrej Properties - 363 {Planning to exit as soon as I get good opportunity}
    7. NHPC - 27.3 {Planning to exit as soon as I get good opportunity}
    8. IDBI - 71.92
    9. Dabur - 298
    10. Hero Motocorp - 3,575.50
    11. Page Industries - 15,500.00
    Regards,
    RJ
     
    rrjain319, Dec 19, 2016
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  5. shabbir

    shabbir Administrator Staff Member

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    Glad you liked it and make sure you share with your friends on social media. Coming back to your list of stock, I don't like any of IT companies that you have and can you share me why you have them. All India frontline IT companies are an avoid for me because every company is yet another financial services provider and don't have anything unique about their services like Infosys.

    Titan - If you look at this company from a watch company point of view, I think it is better to come out of them because smart watch saga is on and I see this company may miss out. I could be wrong but I see it that way.

    Right decision with NHPC and Godrej Properties.

    IDBI - Again a PSU is an avoid for me.

    Rest looks al good.
     
    shabbir, Dec 19, 2016
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  6. bhat64

    bhat64 Apprentice

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    Shabbir, can you elaborate on what you mean by India frontline IT companies? Likes of HCL tech and Mindtree???


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    bhat64, Dec 20, 2016
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes. Go to the website of any of the IT companies in India and look at the Industry menu and top item will be Banking and financial services as one of the key sector in each of them which makes it really competitive space for me to be in and it takes away from them the pricing power of their products and services in those areas.
     
    shabbir, Dec 20, 2016
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  8. bhat64

    bhat64 Apprentice

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    You certainly made me think! Now wonder which are the niche IT plays? Tata elxsi, axiscades, 8k miles, Sankhya infotech??


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    bhat64, Dec 21, 2016
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  9. shabbir

    shabbir Administrator Staff Member

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    There is no need to be finding an niche IT player or atleast when you find one, it has its own issues of debt or operational efficiency or I don't like business model. Example is IZMO
     
    shabbir, Dec 21, 2016
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  10. Suresh_Sinha

    Suresh_Sinha Active Member

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    Suresh_Sinha, Dec 27, 2016
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