Such items are really commodity with no right to win… It might so happen that company gets couple of big orders from state governments or civic bodies etc … but cant imagine making a big impact

Malolan

A newbie here. Apl apollo, a market leader, has projected a growth rate of 20+%, here a report of icra enclosed. Steel prices are price projected to bottom out by mid 2024. Any comments are appreciated.
[APL Apollo Tubes Limited.pdf|attachment]
ICRA Limited)404.3 KB)

Disc: invested for last two years

Hello Pranshinv,

Where do you get this data ?

Ketan your inputs are priceless and yes the chips are loaded against India in solar modules . but it seems this Waree seems to be making a big break with a large order from American majors who are looking for China alternatives … they must be knowing something which all of us sceptics cant fathom …
Malolan

@sandesh1893

1 Most breakouts will work only when markets are in a bullish phase. Potential winners of the next bull market are identified when markets are coming out of a bear markets. i.e There are first signs of revival of a bull market after a bear market. Sometimes some stocks/sectors will start their bullish phase well before the broader markets have bottomed out. These can be big winners during subsequent bull markets.

But current market is one that is a full blown bull market and it makes sense to look out for and ride breakouts where set ups are good. ( I think we are not on the same page here. Your query indicates “this prolonged period of dullness” whereas I find current markets full of fun and frolic. How long this lasts is anybody’s guess but current market is one of bullish phase. )

2. I am not a method stock picker. I am more of an intuitive/feel based stock picker. If I find that in a company, its easy to understand the triggers, its business, and if the technical set up is good, I zero in on those companies and dig deeper wherever indicated. Sometimes ideas come from technical set ups, sometimes from fundamental angles… Or from fellow investors. If they appear right to me, I dig deeper. Sometimes I have given up on some ideas too early only to see those go up a lot. But as long as you have your fair share of winners, you don’t need to be grumpy.