Yes, looks like break down in Page is a signal that things will start looking better. Usually, in the last phase the strong stocks break down as people sell the ones which fell less in order to switch to more beta names to get that quick buck. This may be the reason why Eicher, Ajanta broke down today intra day. I may be wrong here!
Good that Page is holding 13000 on a closing basis.
Disclosure: I hold Page.
BTW, as expected the stock has corrected good 25% from the top. I haven’t seen such deep correction in Page. Non-believers would say “I told you so” while faithfuls would say now is the time to get in!
Disc: invested with high allocation.
What was the findings during the visit to the plant.. Can somebody throw the light on the same?
i think we have more such companies..tata also has a similar company. The prob is that without any business model der is no trigger of rerating. it will always be available at a discount.
Hi,
What is correct way to calculate ROA? Is it Profit before tax/Assets or Profit after Tax/Assets. I think screener is using Profit before Tax.
Thanks for a great find… 75-80% of its income is coming from dividends from its investee companies and interests. So, an investor who holds this stock is automatically taking exposure four of the Bajaj Group gems….
It looks like a decent investment considering the abundant dividends it has been paying ever since the winding down of the production of geared scooters in 2006
Has anybody read / does anybody have following Ebooks?
Few points to consider at current rate/ time –
Am sure post Diwali we can see more traction in this script.
Dis-closer – Invested
