Yes. There has been many instances where price momentum divorces with fundamentals…Loss making companies keep on getting higher and higher. But no need of conflict. We can restrict ourselves to only those price momentum where fundamentals are good. Then when market start going south, arleast drawdown will be lower in good quality companies.
Posts in category Value Pickr
DIY Momentum QnA and Discussion (17-07-2024)
Well, in most cases, the very reason of getting into something like Momentum is to get away from discretion and all the issues that come with it ( bias, cost of decision making, etc ).
There are 2 levels of discretion you will need to bring back → Technical ( Charts ) & Fundamentals ( Business )…both will need time and effort so you will need a bigger alpha to compensate for the same. Also, Momentum & Fundamentals often contradict each other so you’ll be in a perpetual fight with your biases and emotions.
E2E Networks Ltd – Listed small Cloud computing player (17-07-2024)
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Great articles to read on the web (17-07-2024)
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As long as retail money keeps coming in, it will be pointless talking about how stock prices and thus their valuations are not justified by their prospective earnings. Under the prevailing conditions, the market will continue to go up because it has been going-up.
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In 2016-17, the total amount of money that was invested in MFs through the SIP route was ₹43,921 crore. It shot up to ₹96,080 crore in 2020-21 and to ₹199,219 crore in 2023-24.
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Retail investors (individual investors plus domestic MFs plus Ulips) now hold more than 40% of the floating stock of companies listed on the NSE. Foreign institutional investors hold 36.8%.
Screener.in: The destination for Intelligent Screening & Reporting in India (17-07-2024)
We have provided the Result date at the top of the Quarterly Result Tracker Page.
This option provides an additional facility for filtering companies based on the Result Published Date. Are you not finding this option useful?
Screener.in: The destination for Intelligent Screening & Reporting in India (17-07-2024)
Hi @kowshick_kk yes it does… Thank you so much.
Also if you can help on my earlier request on which stock is main board and which is sme. This can be mentioned below the company name on the company page (which opens when any company is searched through the search button)
Screener.in: The destination for Intelligent Screening & Reporting in India (17-07-2024)
Thanks for sharing your input. The Pro’s & Con’s section are machine-generated by considering the Financial Statement & Shareholding Pattern data.
Few data points like Market Share, Change in Auditors are hard to capture. Our team also wants to improvise the section in the coming days. I have noted your suggestions and will share with our team for consideration.
Maithan Alloys Ltd (17-07-2024)
Mostly when a company starts investing in other companies through equity, and in turn increases its book value, markets tend to value them at a lower PB ratio. Look at all the holding companies, or companies which have substantial percentage of their cash in stocks, and you will find similar trend everywhere. The takeaway point in such cases is that company thinks of generating more returns through investment in equity in non related business rather than growing inorganically.
A better metric for such companies is Market capitalization to Sales ratio, which for Maithan has only increased over time.