Budget is great stocks are shooting up

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Srouta Mukherjee, Feb 1, 2017.

  1. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Budget is looking great. Heavy gains are there. :)
     
  2. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Ashiana is going for circuit :)
     
  3. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Even Cupid has gone circuit. All micro finance stocks like sks, ujjivan are also in solid gain :)
     
  4. w4wealth

    w4wealth Well-Known Member

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    budget is good on every parameter. except not bringing in super rich tax:)
     
  5. kharb

    kharb Well-Known Member

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    There is nothing great about budget .Market is on plus side just because it remain untouched by Budget and market was fearing that this unexperinced self goal scoring Govt can do some thing foolish like Demonetisation ,but it seems that Modi could not go through his destructive idea of taking more from market as spoken by him few days back.It seems that after complete failure of Demonetistion ,Modi could not muster courage to introduce LTCG.Biggest failure of this Budget is sinking of 48000 Crore in MANREGA, additional sinking of 11000 Crore,here it is worth mentioning that Modi had won last election by mocking MANREGA, Aadhar cards,opposing GST and large Subsidy being given by UPA .But now Modi think that those wastages like MANREGA are wonderful ideas and needs to be expanded.Suit Boot Govt and International Tourist image of Modi is forcing Govt to keep on Wasting Money like this in its efforts for false pro poor image.Modi Govt should remember that Industrialisation and Economic Growth( completely missed in budget) can only create jobs and eleminate poverty.Wastages and free doles just ends up adding poverty.
     
    Last edited: Feb 1, 2017
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  6. kharb

    kharb Well-Known Member

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    Demonetisation Manrega Modi during last Lok sabha polls in 2014 , has promised creation of large no of Jobs for unemployed educated youth .These youth voted him heavily mostly in north India with hope of being employed.But now even with his present budget ,Focus of Modi is MANREGA ,ie he is encouraging Farzee Khadhe Khodo Scheme ,which he mocked repeatedly before 2014.These 48000 Crore rupees MANREGA Wastage Fund of India could have been given in some sort of encourgement to put industry in backward areas or could have been given as portion of salary to workers of those new industries which put plants in backward areas and employ local youths,so that cost of labour is less to industry in those areas.But now this Govt is a gone case as far as devolpment is concerned as Modi want to compete in giving free doles ,so what is difference between this Govt and many regional leaders who keep on distributing free gifts to gain power and has no intrest for devolpment of country.
     
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  7. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Today also stocks are shooting up. Heavy gains in Manappuram and repco. Nbfc stocks doing well because rate cut is coming next week :)
     
  8. Uma

    Uma New Member

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    Hi kharb, your views on textile sector brought me to this forum and made me sign up for an account. I am in total agreement with you about this directionless govt. I think Modi is not a smart man, but good intentioned. Demonetization was a total fiasco based on this crazy assumptions of the amount of black money in circulation and ways to curb it. Instead govt needs to realize that nationalized banks are responsible for our mess. They issued loans to corrupt entities and to keep banks afloat, RBI printed currency like crazy leading to highly devalued rupee and poorer common man. Very simple to understand if one has a brain but Modi doesn't.
     
  9. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Govt policy difficult to understand but stock market is up means economy is doing well foreigners are coming to invest billions it means policy is working :)
     
  10. kharb

    kharb Well-Known Member

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    Yes,stock market is up as now Market is reacting not on any positive devlopment but its worst fear of LTCG did not come as Govt could not muster courage for second foolishness after Demonetisation.Critics of Govt also help investers indirectly as their noise also help in containing Govt from taking mis steps.But it is not good situation if we start fearing worst from this Govt .Govt should go all out for industrialistion and business ,so that Enterpenures can be encouraged for increasing their business to create more jobs and stock market can also contribute in this economic activity.But there is no doubt that our Enterpenures are smart and can cross any hurdles created by various Govts in past and present.So investers can always keep faith in Enterpenures inspite of speed breakers from politicians,so stay invested in Good companies and should utilise mishapenings and stock market dips for buying opportunity created by politicians.Market will keep its upward journey due to Enterpenures of India irespective of Govt of the day and it has seen many PMs and Govts and it will continue to move upward inspite of political changes in future also.Indian Enterpenures will continue to create GDP of 7.5 % +_0.5 without any support from Govt,but any good Statesman can certainly facilitate it to reach 10℅ ,Modi had raised hope initially but ultimately he also proved to be like other street smart politician ,who are already in plenty in India,who is busy in selling just dreams to many of have nots.
     
    Last edited: Feb 2, 2017
  11. Farhan Ghumra

    Farhan Ghumra Active Member

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    According to Ridham Desai, Morgan Stanley NBFC (Non-banking finance companies) are a strong buy given that they have not fully recovered from the demonetisation blow.

    Which stock is available with good business model and attractive valuation? Already invested in CAPF, how is Manappuram Finance?

    Also looking for PSU bank stock. How is OBC ? It is available at 0.3x book value.



     
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  12. kharb

    kharb Well-Known Member

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    PSU stocks of all sectors are only trading bets in special siruations ,never give them place in long term investment portfolio.
     
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  13. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Manappuram is shooting up like anything. I bought small quantity only :( Should have bought massive.

    DHFL is very good stocks with good management, track record and low valuation.
    100% Agreed. Very dangerous stocks. NPA can shoot up and cause heavy loss. Better be with good stocks like CAPF, DHFL, Repco, Federal Bank, CUB, DCB, Manappuram.
     
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