While I have not looked at Page recently, but do try to find out why its not performing when others in similar or slightly similar fields like Trent(with its Zudio), Zomato(with its Blinkit) are growing @100% etc…You may want to prefer places where performance happens and also AS per what Management says(check conf calls of last few qtrs/years) and also narrow down on companies which are outperforming their sectors and expected to outperform in future.

Good question and quite often they are no good answers to the good questions.

I’ll just share a perspective instead of offering you a formula to figure out the right price to enter a stock. (If I knew the formula I would probably have a bestseller on my hand.)

In principle your idea of looking at valuations is right.

To quote Mr Buffett, margin of safety, difference between value of a company and its stock price, should be a key factor in influencing your decision to invest. If you know how to value a company you can easily figure out whether a stock is undervalued, fairly priced, perfectly priced, overpriced or insanely overpriced.

But valuing a company is never that easy. Valuation metrics might tell you how a company is currently valued relative to its financial performance till present day but whether it is good or bad depends on what market thinks is going to happen to the company in future.

A company growing its earning at 30% year on year may be seen as fairly valued even at a p/e of 60 if market believes that earning performance can be sustained. Conversely, a company with the similar earning performance might be seen as overvalued even at a lower multiples if market doesn’t believe in its long term growth prospects or the sector company operates in.

This is what then happens. Since no one really can see the future, investors try to build a narrative around a stock based on different data points they have about the sector and the company, management commentary and company’s ability to execute on their promises among a host of other factors. We start seeing big moves in stock prices when continued pushing of narrative and sustained price momentum attracts more and more buyers to the stock.

If you saw RVNL or SJVN stocks going up despite unflattering quarterly numbers it could be that market has heavily discounted a lot of exciting future into the current price or exploited the euphoria surrounding the stock.

So if you are not comfortable betting on a stock purely based on the narrative or don’t have time for excessive research to validate that narrative, it is better to find the businesses where you are certain about a company’s long term prospects based on their past performance and don’t find price scary.

You may not perfectly time the entry price and might enter a stock at higher levels but in the long run you will still make money (of course with some luck).

Portfolio Management Software recommendations : Can the good people in the forum guide me on some of the reliable widely used Portfolio Management Software used by members.
I am a long term investor and good at fundamental analysis but trying to also use basic technical analysis for timing trades in preferred stocks. At my advanced age, I struggle with the multiple Technical analysis trend indicators and terms
I hold over 100 scrips (more than what is recommended but concentrated in around 30 stocks). Primarily Indian Equity with 4-5 mutual funds. No bonds, cryptos, commodities. My scrips are held in 5 demat accounts at 3 DP(gradually consolidating into 1 DP). I do not do day trading.
I am looking for Portfolio management software, to record my purchase and sales in portfolios (year wise basically). Ideally to auto upload trades from broker contract notes. But I can manually enter daily trades if needed. Current price feed is essential, and gain/loss calculation.
Wish list : ability to extract list of gainers and losers across my consolidated portfolio, on 20/50/100 days basis, with moving averages if possible.
Grateful if some widely used choices are advised to me. If there is a existing thread on this topic, please guide me with the link. Many thanks. …RamC

UPL out of the NIFTY50.

Hi, Did you sell Emkay taps? If not, can you please share your thesis?