I have a similar feeling that it is poised to make a big move in some direction. I have noticed that every small rally is being sold into. IMO, the breakdown could happen post Q2 results unless some big down move in indexes happen before. The biggest outperformer of the last bull market is obvious target for profit booking
Disc: Hold Page
Hi Varun,
Agree that Kaveri should bounce back sooner than we possibly imagine. Definitely shouldn't turn out like the Infosys example I gave.
Regarding 'wealth destruction' - Again agree that it's probably too soon (one quarter only) to classify it using that term.
But as I said it's most likely going to take a long time before it comes into the wealth creation bucket. Anyway, edited my 1st post above 
Take your points and preferred your words of communication in the 2nd message.
Welcome Anand. Glad to know you find it useful.
Thank you Sunil for bsealerts.in
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Sumir Chadha of Westbridge Capital in his recent interview summarizes rationale for investing in V-Mart..They own close to 20% stake -
V-Mart – fantastic retailer in Tier 2 & 3 towns selling low-cost apparel:
V-Mart is a fantastic retailer in India serving tier 2 and 3 towns selling low-cost apparel. I was in Haridwar last summer for personal reasons. Then I went to visit the V-Mart store there. The store was packed. It was a better shopping experience than other stores. They have air conditioning. They have prices on everything, so no negotiating. They have changing rooms for women. If you are buying on the street, you can’t try something on. They have very low prices. Literally, their prices will compete with the street vendor because they cut out a lot of the middlemen in the distribution chain. We own a big chunk of the company.
A recent interview in Outlook Business of Sumir Chadha, Founder of Westbridge Capital (a high pedigree long term excellent track record public market investor) where he covers his rationale for portfolio in detail including Mayur Uniquoters -
Mayur Uniquoters – unfair advantage over competitors:
We love Mayur Uniquoters because it is a clear market leader in artificial leather in India. They have the unfair advantage of having a very successful innovation engine that constantly designs new patterns and materials. Because of that Mayur charges a premium to its customers. It has also done fantastically on operational efficiency. The company runs its artificial leather lines 24 hours a day, seven days a week. In short, the company sweats its assets, runs very efficiently and keeps costs really low. When you talk to Mayur’s customers, you know it has a fantastic reputation. The customers just say, “Look, if you want the best quality in India, it is Mayur. You will get consistent quality of supply, and on-time delivery.” That combination of being innovative and superior execution is something that gives Mayur an unfair advantage.
The nice thing about Mayur is that the money we put into the company is going to result in a new polyurethane (PU) plant. Today, India imports PU from China. We have this very good promoter in Jaipur who needed our money to build a PU plant. We gave him $12 million and now next year the spanking new plant will be ready. It is pretty exciting.
After a long time, an eerie feeling with regards to Page price movement. Price movement generally/typically tells what's going to come.
As per the one year daily chart from chartlink, for the first time in many years, Page chart deviated from being 'secular uptrend' to 'downward channel'.
Page should break this channel sometime in future, either up or down. I said eerie feeling because, it looks to me as if it might break towards the lower level. At the current juncture, it is located at the top of this channel with RSI and CCI showing over-bought levels and fundamentally high PE and a slow Q1 FY16 growth.
Is the chart telling us something? Can the technical experts on this forum read any pattern here?
Disclosure: I HOLD page. I'm NOT a technical expert, I just read the chart to identify trends as an amateur, that's it. This is NOT any suggestion to sell/buy, just my observation. Of all the people in this world, I'm the worst technical analyser of charts.
Samir, you are right that it is risky bet with lots of if and but and most things depend upon future scenarios playing out both in local and global market. However one thing is quite clear that with this industry a big vote bank (more than 3-4 cr) is also related and any govt cannot afford to disappoint them for long. Indian sugar mills even if they are forced is not in position to pay to farmers in any case. So if current scenarios continue for next 1-2 years atleast half mills have to close down even in that scenarios sugar prices in india has to suit up with or without favorable policy outcomes as sugar demand is inelastic. Also it is highly illogical to force somebody to continue producing something even if he is not interested in producing. So probability of man made (govt in this case) or natural uptick in sugar prices is likely for next 2-3 years. Quantum of gain nobody can predict and we have to keep in mind that we are in bull market for last 2 years otherwise sugar stocks may be even lower than what was 2-3 months back.
Well, since my PF re-allocation in this market correction is over and now is my sitting time (boring too) unless there are really negative surprises, I'm going on looking at my investments from broader picture and overall sense as this give me vision to hold on during blips if the story is intact still. This may sound crazy, but I save the photos of the below top guns in my tracker, you could call it conviction building or face reading - crazy?
I also know that there are at least 3-4 other excellent stocks that I did not invest in. I did not because they will probably give as much return as my existing stocks and too many stocks will lead to concentration dilution both in my brain and PF. However, if any of the below were to disappoint me, I will look at these buffer stocks.
Interesting aspects,
Something missing feeling within me:
