Absolutely agree with you, 16% sales growth for the last quarter is on the minds of the investors. Management has clarified (hopefully, they are right) that it is one off and growth should resume from Q2. Given that it’s at high PE as well market is taking its time. But once Q2/Q3 provides the normal growth Page usually sustains, the price should catch up – as you rightly said.

I usually go back to what was said in investing books during these times (Buffett, Lynch) – there might be quarters where the growth may be a bit slack but companies of Page QUALITY generally over time recovers. This is usually a good time for accumulation.

ya it could rise viciously provided it again start to run on the same 25+ sales & growth track. Actually last qtr. result was the main reason why its soo weak. Moreover everyone is waiting for a imaginary fall of Nifty towards 6800 and delaying the purchase. can’t find a fault there.

May be we should look at past data – Page touched 200 day moving average during the August 2013 correction. The present correction reminds me of that time. We are a bit below 200 moving average now and Page getting into F&O will have its impact on volatility both on the downside and upside. I think even on the upside Page could rise viciously.

I completely agree with you. However, I prefer to have at least 20% of my portfolio in such securities which I can sell in case of urgent needs. The following are some points which made me consider developed/US markets:

1. I don’t need to pay any short-term capital gain tax in US compared to 17% in India. So freedom to liquidate holdings quickly.
2. Indian equities are volatile (I agree equally rewarding as well), so I cannot be sure if I will get a good price for my shares or not in the short term.
3. Currency conversion, other costs to send funds from India back to UAE will be quite high and tedious.
4. Usually in times of crisis, INR depreciates along with Indian stocks, which basically paralyzes your Indian portfolio for at least 1-2 years. During these periods, a US portfolio will at least not be in such a bad shape. Hence, providing me the opportunity to take some cash out in case of any urgent needs.
5. I can satisfy my urge to trade due to lower transaction costs!

Honsetly, it is an alternative to keeping my emergency funds in UAE accounts, which give me absolutely no returns.

I understand that I can open an account in India for a family member and take care of most of the issues above, but I prefer not to go that way. My portfolio is increasing significantly due to my ongoing savings (not stock gains ) so I don’t think it is a good idea to transfer a lot of funds on someone else’s name. That can create needless security and tax issues.