FY16 EPS is only going to 6 (best case estimates factoring in the recent Ibuforen numbers). At 30PE upside is capped at 180. It's already run-up too fast to 160 odd levels. There is going to be a lot of time now for the stock to consolidate and FII's to nibble into slowly. Also gives us the opportunity to add more...
Posts in category All News
China plans to cut GDP target to 6.5% in next five-year plan (13-10-2015)
IT shares extend fall; Infosys, HCL Technologies down 3% (13-10-2015)
Sensex, Nifty marginally down; rupee breaks 65/$, ONGC down (13-10-2015)
![Sensex, Nifty marginally down; rupee breaks 65/$, ONGC down Sensex, Nifty marginally down; rupee breaks 65/$, ONGC down](http://www.moneycontrol.com/news_image_files/2015/b/BSE_Sensex__Indian_Markets_nifty_midcap_200x200.jpg)
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (13-10-2015)
Ok, technically, Balrampur chini is close to a very important level, any sustained close above 70 is very positive as per the attached chart.
For sectors like this, it is best to go with the leader. Period. I wont be buying anything here, but the chart on a break out looks interesting. I know the promoters of Parrys (of Murugappa group). Very very ethical group, however, not sure how this sugar company of theirs stand. If the business looks good, then promoters integrity may not be questionable.
The below is the 8 year daily chart of Balrampur Chini - With long cyclicals, better to look at very long term charts - broader picture is very important, no myopic vision helps here.
Disclaimer: I'm tired of putting this after every post, there should be some blanket disclaimer I'm NOT a technical analyst NOT a fundamental analyst, NOT a financial advisor. Do your own due diligence. I will put posts that come straight from my heart, no double intentions.
Markets remain weak; TCS Q2 numbers in focus (13-10-2015)
Volkswagen ex-CEO Winterkorn to quit remaining posts (13-10-2015)
Cupid Ltd – Helping the world play safe! (13-10-2015)
Linking to my other post instead of double posting:
Pfizer India MD Aijaz Tobaccowalla step down (13-10-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-06/05/full/1433485514-3619.jpg)
Pfizer India MD Aijaz Tobaccowalla step down (13-10-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-06/05/full/1433485514-3619.jpg)