
There is no compelling reason to apply for the Hindustan Media Ventures IPO given that its’ peers DB Corp, Deccan Chronicle Holdings and Jagran Prakashan are offering superior performance at a cheaper price
At CMP Rs. 175, Everest Industries is quoting at a PE of 8 FY 2010 and 6 for FY 2011. It has a strong presence in the roofing and Pre Engineered Steel Buildings segments which are expected to show high demand. The management is efficient and expected to capitalize on the opportunities that growth in the rural market offers
It is clear Mphasis is benefiting from strong brand-equity of HP and EDS as it added several new clients through HP during the quarter. The only question is whether the shift in revenue and EPS for Mphasis was one-time or can be expected to continue. The stock is not cheap, at about 16 times FY 10 earnings. However, leveraging its association with HP and EDS, Mphasis can be expected to do good business flows for all the verticals. Besides, with improving economic indicators all over the world, the volume growth can be expected to improve.
If you are an investor like us, you are not bothered about whether the markets are at an uptrend or at a downtrend. You are not bothered about short-term volatility. What you really want is to identify a blue chip company with excellent growth prospects, sound management and reasonable valued. Once you have these companies in your sights, all you have to do is use market volatility to your advantage. Every time the markets crash, you add these large cap blue chips to your portfolio and sit tight – confident that these blue chips will secure you a compounded annual growth rate (CAGR) of at least 25%
You gave into your instincts at the market downturn and sold off your shares – what does that teach you? That a knee-jerk reaction to a market collapse is never the solution. Never again should you give into the urge to pull money out of the stock market and put in low-risk investments. Remember low risk means low yield. Instead you can balance the risk of equities by having a balanced portfolio.
LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of 130 marketing offices across the country and representative offices in Dubai & Kuwait. It was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994. The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses.
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