DHFL is crashed going for LC

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Srouta Mukherjee, Sep 21, 2018.

  1. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Dewan Housing DHFL is crashed and going for LC it seems.

    Anyone knows reasons for crash.

    I have big lot of dhfl in portfolio :(
     
  2. Pee Vee

    Pee Vee New Member

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    Sorry to hear about your loss in DHFL. There is a huge loss of 45%. It appears that some mutual fund sold the stock. Hope there are no issues with NPA etc. We will know in due course of time. Good luck.
     
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  3. kharb

    kharb Well-Known Member

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    I also got big hit today after a long time , both DHFL and Yes Bank are in my core portfolio and have big weights. Finally correction caught up my portfolio, which till yesterday was in pink of health. Never any of my portfolio stocks cracked like that in a single day . earlier I use to have more than 35 stocks in my portfolio but later on I reduced it to 20,which resulted into more concentrated and Yes bank and DHFL became higher weight, now with steep correction in both , I need to increase no of stocks in my portfolio.
     
    Last edited: Sep 23, 2018
  4. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    VERY scary experience. I lost heavily in dhfl. Hope recovery is there :(
     
  5. Feroz

    Feroz Member

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    Loss is only if we exit. Portfolio is up and down and if we enter on fundamental basis then one bad day doesn't affect. By the way there is positive statement by SBI and hope DHFL will recover. All the best.
     
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  6. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    DHFL is shooting down again going for LC 20% down. Huge loss is there :(
     
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  7. kharb

    kharb Well-Known Member

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    Same is case with me, I also do have Yes Bank . These are part and parcel of the game. Message is clear, we need to upgrade our portfolio to best of quality in a sector even if returns are lower.
     
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  8. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Very SAD SITUATION ... Both Srouta ji and Kharb ji .... :(
    in my portfolio few months back i exited Ktk bank at Rs. 160 levels
    now i am not holding any financial stock in my portfolio ....
    in my view more pain in future also ...
    so please stick on to quality stocks ,
    concentrated portfolio less than 25 and above 15 is better
    dont invest more than 6 - 7 % in any single stock ,
    dont invest more than 12-15 % in any single sector ..
    Always maintain some cash position also ...
    add some defensive stocks like FMCG , PHARMA ... sectors

    ALL THE BEST
     
    Last edited: Sep 25, 2018
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  9. Pee Vee

    Pee Vee New Member

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    I think such risks can never be eliminated. There are so many stocks like Satyam, Manpasand, Vakranjee, etc which won the confidence of expert investors and mutual funds.

    Nobody could find out that there was a fraud until the event happened.

    The only solution is to have a properly diversified portfolio with a ceiling of 5% for any stock and 20% for a sector.
     
  10. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    yes correct , Pee Vee ji ,
    In stock market Risk is always high , so we never predict some macro economic conditions and also Global political issues and also mainly companies frauds , so fundamental and technical analysis both are having their limitations so ... Proper Risk Management and Money Management and also Portfolio management is also required .... these are all depend upon our Investment or Trading System .....

    only promoter knows well what is the actual situation in that company , some time he is also not aware 100 % activities in his company , because some times lower level management also do some frauds
    so we have to take risk
     
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  11. Pee Vee

    Pee Vee New Member

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    This is very essential. We get carried away with our confidence and may take over-exposure to a particular stock. It is best to be always aware of the risk management.
     
  12. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    combination on both Fundamental and Technical Analysis is give good results ....
    we have to work with those analysis and good track record and management ability companies and also mainly growth oriented stocks , and for risk avoiding slowly build portfolio in market corrections and reasonable stock valuations ....
    in my view Growing sectors identification is vital in this play
     
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  13. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    DHFL crashed 21% going for LC. I lost BIG fortune in stock :(
     
  14. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    NBFC stocks plunge as RBI plans to tighten norms; DHFL tanks 16%


    Vedanta, Tata Steel and Wipro were among the top losers in the Sensex index.

    NEW DELHI: Shares of a select non-banking financial companies (NBFCs) plummeted on Monday after the Reserve Bank of India in its policy meet on Friday said it may strengthen guidelines for such entities to avoid risks.

    The central bank will tighten norms for NBFCs given that many are becoming systemically important and have a higher dependence on short-term sources like commercial papers and mutual funds, CLSA analysts said in a note.

    Extending losing streak to a fourth consecutive session, shares of Dewan Housing Finance Corporation (DHFL) plunged over 16 per cent, touching its fresh 52-week low of Rs 229.20 on BSE today.
    ADVERTISEMENT

    At 1:20 pm, shares of the company were trading at Rs 239.40 apiece, down 12.72 per cent.
    The equity benchmark BSE Sensex was down 93 points at 34,284, while the NSE Nifty index was trading 21 points down at 10,296 at that time.
    ADVERTISEMENT

    DHFL, incorporated in 1984, is a midcap company with a market cap of Rs 7,474.68 crore operating in the finance sector.

    Shares of most non-banking financial companies (NBFCs) have been under pressure of late amid concerns of increased borrowing cost post the IL&FS fiasco.
    Shares of Pioneer Invest Corp (down 17.99 per cent), India Cements Capital (down 13.58 per cent), Edelweiss Financial Services (down 12.82 per cent) and JM Financial (down 11.26 per cent) cracked over 10 per cent.
    Amrapali Capital and Finance Services (down 9.91 per cent), Pankaj Piyush Trade & Investment (down 9.83 per cent), Elixir Capital (down 9.73 per cent), Magma Fincorp (down 9.58 per cent) and BLB (down 9.52 per cent) plunged up to 10 per cent.
    Vedanta, Tata Steel and Wipro were among the top losers in the Sensex index.
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  15. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Very Sad Sroutaji :(:(:(
     
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  16. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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  17. kharb

    kharb Well-Known Member

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    I exited out of the stock and booked heavy loss, all though I don't know what is happening in this stock but would not like to have a stock in my portfolio which don't follow law of gravity . I generally don't go down much in order of Quality but in search of higher returns was carried away for lower order stock in this and paid the price .
     
    Last edited: Oct 8, 2018
  18. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Good learning only high quality stock should be there in portfolio.
     
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  19. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Thank you sir for supporting.
     
  20. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    @ Very Sad Kharb ji

    in my 30 years experience In crash situations Financial stocks First Butchered ....
    Frauds are very common in financial companies .....
    so in this situation avoiding Financial sector is better ....
    long back i told this to you ...
    your entire basket is filled with Financial sector stocks at that time....
    i was given alert to you sir....

    in my view next few years indian market may be face hard situations ..
    so restructure your portfolio , make money management and risk management
    dont worry sir , you do some portion of capital with positional trading and some allocate to investment ,
    concentrated portfolio is better and dont invest not more than 6-7 % in any stock , dont invest max 15 % in any sector also .. portfolio size 10-25 stocks are better

    ALL THE BEST SIR
     
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