Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by wild_hipman, Oct 6, 2017.
Any views at current valuations?
What do you perceive Value in investing? How do you assess it?.Kindly make it understandable.What yardsticks do you choose?
My investment rationale don't quite follow or are not an outcome of any present or laid out yardsticks or assessment benchmarks
So long as I can understand what's the business, know it's easy to track, the immediate future looks bright and company is well positioned to take advantage of the prevailing situation..... That's good enough for me most of the time
How would you dissuade me from taking some exposure in Castrol?
It's close to 52 week low probably hit by demon and GST - like how the entire auto was hit. But good ratios otherwise - high margins, good brand, ROI, dividend yield etc
Fundamentals are impressive , no question. But as chart shows stock is sliding down right from Dec 2014. Why? As per my reading it can further slide down.But I could be wrong.Better confirm from others from forum, who have better knowledge. As I recollect there was some demerger in Castrol. When did it happen ?
Probably can go down to 320.... You think so?
But if and when it reversed, given fundamentals could it sky rocket to 550+ say in 2 years
Let us hope so. Although past performance can't be confidently extrapolated yet one can expect handsome returns. But I suggest timely entry.
Castrol india have made triple bottom . Chances of going down is less. It's at multi-year low. Fundamentally its excellent. PE is close to 10 yr PE.
@ Sastry ji,--As you are specialist in chart reading,Kindly give your advice.I am unable to find Triple bottom on the chart,because I am just learner.
As per my opinion it is important to know--What led to persistent downfall from Dec 14 despite so impressive fundamentals.
Sir you are absolutely correct , Castrol today closing Rs. 361.55 , from 2016 onwards it is forming Triple Bottom in weekly chart and now , it is reaching that level also , in very short - medium term Rs. 375 - 400
may be possible , if it cross 400 Rs. and sustain above that level Rs. 450 may be possible
below 335 closing wait and watch method is better until recover 350
Yes I agree.Thanks.My mistake in not seeing weekly chart for Triple Bottom.
Thanks,Sastry ji.I had not seen weekly chart for Triple bottom.
So a value buy?
I am hesitant until I know the cause of massive downfall.Why is market ignoring the fundamentals, for such a long time, which make us hopeful? Is the market wrong ?.This is my line of thinking.
All the stocks catch up with earnings it reached PE of 60. BP sold its share and it corrected. It has retraced more than 61.8% from peak. Have bought it 2 days Bk and will accumulate.
It has cracked and can go down but probability is less. Castrol have sort of monopoly and if auto stocks 4 as well as 2 wheelers will go up castrol will also rise. Will purchase if it goes down in phase wise manner. Downside looks Limited, but can't say when it will start going up. Moreover Ian a long term investor a very long term
Amaraja battery and castrol india VIX is also at previous lifetime high. Seldom a stock goes below it. In my openion....pls do ur own research .... and post views
Would you be kind enough to expand / clarify the VIX aspect please.
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