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classyfoxdestiny · 3 years

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ASK AJIT: Are these stocks good to hold for one year?

‘Should I hold , exit or accumulate in 1-3 months short term and 1+ year long term?’

Ajit Mishra, vice president, Research, Religare Broking, answers your queries:

Chidambarasamy Manickam: Can you let me know if I should hold or exit the below scripts please?

Ajit Mishra:

Company No of shares Price Recommendation HCL Info Systems 1,905 Rs 18.50 Exit Indian Railway Finance Corporation 575 Rs 26 Hold ONGC 85 Rs 145 Hold Sun TV 255 Rs 566 Exit South Indian Bank Limited 3,360 Rs 18.50 Prefer ICICI Bank TV18 Broadcast Limited 1,575 Rs 36 Exit Yes Bank 225 Rs 55 Exit if not under lock-in

Sriparna Mondal: I have the following stocks for the past 4-5 years. Other than the ETF, almost all are down 50 per cent from the purchase price. Does it make sense to hold the stocks any longer or how should I exit and what stocks I can buy in lieu? Please advise.

Ajit Mishra:

Company No of shares Price Recommendation BSE 90 Rs 1,013 Hold ICICI ETF 1,152 Rs 113 NA (Which ETF?) JK Tyre 250 Rs 173 Hold SML Isuzu 50 Rs 1,006 Prefer Ashok Leyland Tata Motors 100 @442 Prefer Ashok Leyland

Deepti Ambadipudi: Bought 100 shares of Bambino Agrotech at Rs 211. Should I hold, exit or add? Please guide me.

Ajit Mishra: Exit

Srinu Kodi: I have been seeing your opinion on many people’s portfolios and I am thankful for your unbiased review.

Recently, I have purchased these stocks with some conviction, wrt long term like 2-3 years as of now or more. I would like to have your view once if possible.

I am not in panic mode looking at market conditions as of now as I know these are quality stocks I have invested in.

Note: I purchased Gland Pharma for the short term recently as I see some potential till the time Covid is there, as it is doing vaccine manufacturing for Sputnik. I am thinking about profits for Gland Pharma.

Could you please tell me if I can hold this or sell after it reaches Rs 2,800 level? Please tell me if I can hold this for the long term.

Ajit Mishra: Yes, one can hold for long term

Company No of shares Price Recommendation AUBANK 20 Rs 1,008.40 Hold BAJFINANCE 3 Rs 4,411.30 Hold DFM 56 Rs 333.86 Prefer Britannia DIXON 14 Rs 3,643.18 Hold DMART 9 Rs 2,854.99 Hold GLAND 39 Rs 2,542.81 Hold HDFCBANK 15 Rs 1,399.54 Hold ICICIGI 29 Rs 1,354.63 Hold INDIAMART 5 Rs 7,873.97 Hold JUBLFOOD 7 Rs 2,757.75 Hold MCDOWELL-N 51 Rs 513.71 Hold MUTHOOTFIN EVENT 17 Rs 1,129.30 Hold NAUKRI 10 Rs 4,622.06 Hold RELIANCE 12 Rs 1,911.23 Hold SYNGENE 70 Rs 602.38 Hold

Sukanta Mandal: Need your suggestion on these — whether to hold, exit or accumulate — in 1-3 months short term and 1+ year long term. Awaiting your thoughts and views.

Ajit Mishra:

Company Recommendation Ashok Leyland Hold JK Tyre Hold Bank of Baroda Prefer SBI HDFC bank Hold Shree Digvijay Cement Prefer Ultratech/Ambuja Coal India Exit Gujarat Mineral Development Co Hold Indian Railway Catering and Tourism Corporation Hold Jaiprakash Power Exit NTPC Hold NHPC Hold HFCL Ltd Hold United Spirits Hold EIH Exit JSW Energy Ltd Hold

Rohith Adiga: I am a starter in the stock market and trading from the last six months. Below is the list of stocks I have purchased. Advise me about buying additional stock, or holding or selling.

I am also looking for a short term plan of 6-10 months starting from June. Please suggest from my existing stock list or a new stock for short term gain. Also would like to know when to purchase the additional stock, when it’s growing or when it dips.

For example, I purchased 50 shares of Tata Motors @ Rs 124, then added another 25 when it went to @ Rs 185 and again purchased 10 @ Rs 290. Now my average pricing is @ Rs 244.

Ajit Mishra:

Company No of shares Price Recommendation HAL 5 Rs 1,100.96 Hold BIOCON 1 Rs 459 Hold ZEEL 5 Rs 224.4 Exit ITC 5 Rs 210.45 Hold HDFCBANK 1 Rs 1,377.60 Hold and buy on dips L&TFH 15 Rs 84.62 Hold ASIANPAINT 3 Rs 2,039.53 Hold HCLTECH 6 Rs 758.96 Hold AXISBANK 6 Rs 547.89 Hold RELIANCE 5 Rs 1,720.75 Hold TATAMOTORS 25 Rs 244.71 Hold for 2-3 years at least KOTAKBANK 5 Rs 1,369.65 Hold INFY 10 Rs 972.27 Hold TCS 5 Rs 2,318.60 Hold BAJFINANCE 2 Rs 3,636.00 Hold

Jasminkumar Maheshbhai Gajjar: I have been following your posts on a regular basis. I have invested for long/mid-term. Request you to advise for the below stocks held by me.

Ajit Mishra:

Company No of shares Price View Recommendation Alok Industries 350 Rs 22.78 Mid-term Exit Bandhan Bank 50 Rs 348.43 Long-term Hold Bharat Elec Ltd 75 Rs 134.71 Mid-term Hold Biocon 30 Rs 410.81 Mid-term Hold Burger King 50 Rs 132.38 Long-term Hold Cyient 15 Rs 690.22 Mid-term Hold Firstsource Sol 80 Rs 116.64 Mid-term Hold India Cements 60 Rs 168.43 Mid-term Hold Inox Leisure 30 Rs 332.34 Mid-term Hold J K Tyre 50 Rs 118.32 Long-term Hold Laurus Labs 20 Rs 468.02 Mid-term Hold Manappuram 50 Rs 159.96 Mid-term Hold Motherson sumi 40 Rs 236.75 Mid-term Hold NMDC 50 Rs 157.46 Long-term Hold Spicejet 130 Rs 86.35 Long-term Hold Sun Pharma Adv 50 Rs 183.02 Mid-term Hold Sundaram Fin ltd 6 Rs 2,528.45 Long-term Hold Tata Chemicals 15 Rs 690.82 Long-term Hold Tata Power 75 Rs 92.85 Long-term Hold Tata Steel BSL 100 Rs 96.18 Long-term Hold Time Technopl 75 Rs 84.34 Mid-term Exit Zen Tech 100 Rs 86.60 Long-term Exit

Rajkumar Dhyani: Namaskar. I’m a small investor who looks for mid and small-cap scrips to invest in. I can invest Rs 5-10K monthly in stocks. I’m looking for a long-term vision, probably 1-2 years vision. Can you please suggest few important scrips which match my requirement?

Ajit Mishra: One can invest in Finolex Industries, Ashok Leyland, INOX Leisure, Exide Industries, Kansai Nerolac.

Marshall: Please review my portfolio, if I can hold, accumulate or exit from these stocks. I’m not sure of the period if I have to hold these stocks. Please advise.

Ajit Mishra:

Company No of shares Price Recommendation Balaji Amines 20 10 @ Rs 824 and 10 @ Rs 2,500 Hold Laurus Labs 100 50 @ Rs 400 and 50 @ Rs 490 Hold Sun Pharma 10 Rs 60 Hold Wock Pharma 10 Rs 590 Hold Eicher Motors 10 Rs 2,520 Hold Titan 10 5 @ Rs 1,126 and 5 @ Rs 1450 Hold Tech Mahindra 10 Rs 1,000 Hold TataSTLBSL 50 Rs 100 Hold Poly Cab 10 Rs 1,480 Hold SUN TV 10 Rs 520 Exit Adani Power 100 Rs 100 Exit Larsen and Turbo 10 Rs 1,450 Hold

Rane Tushar: I hold following stocks. Which should I hold and which should I exit?

Ajit Mishra:

Company No of shares Recommendation IOB 60 Exit URJA 5,000 Exit TTML 700 Hold for 2-3 years DHFL 203 Exit GMBREW 85 Hold GRAPHITE 96 Hold NOCIL 942 Hold PRAKASH 965 Exit

Sunil: I want to invest Rs 2 lakhs rupees for long term. Please suggest and guide me about some good equity shares.

Ajit Mishra: Bharti Airtel, ICICI Bank, Nippon AMC, Britannia Industries, Maruti Suzuki

GOPAL CHAKRABORTY: I am holding the following mentioned stocks for the long term. Kindly advise.

Ajit Mishra:

Company No of shares Price Recommendation Tata Steel 220 Rs 470 Hold Suzlon Energy 2,300 Rs 5.70 Exit Tilaknagar Industries 600 Rs 72 Exit Clariant Chemicals 59 Rs 598 Hold NCC Ltd 213 Rs 67 Exit Suven Lifescience 175 Rs 62 Hold HCC Ltd. 180 Rs 57 Exit Andhra cements 1,200 Rs 23 Prefer Ultratech Educomp 2,200 Rs 190 Exit Yes Bank 2,500 Rs 17.50 Exit Gufic Bioscience 135 Rs 167 Hold

Shyam Kannacham Veettil: I would like to have hold/exit strategy for following stocks. I can hold long term

Ajit Mishra:

Stock Unit holding Average price Recommendation Bandhan Bank 30 Rs 303 Hold Federal Bank 500 Rs 57 Hold HDFC AMC 60 Rs 1,733 Hold HDFC Standard Life 260 Rs 300 Hold SBI Card 30 Rs 770 Hold Yes bank 1,000 Rs 116 Exit if not under lock-in. Dixon Tchnology 100 Rs 917 Hold Havells 600 Rs 302 Hold V guard 550 Rs 185 Hold L&T 105 Rs 1,117 Hold Tata consumer products 160 Rs 367 Hold Varun Beverages 380 Rs 435 Hold Jubilant food 25 Rs 1,846 Hold First source solutions 1,000 Rs 55 Hold Tata elxi 30 Rs 851 Hold IRCTC 20 Rs 1,309 Hold Berger Paints 90 Rs 560 Hold Petronet LNG 925 Rs 115 Hold Adani Port 100 Rs 230 Hold

Rajesh Nair: I have 50 shares of Dixon Technologies at an average price of Rs 3,742. If I am looking at holding these for a horizon of three years, should I hold/accumulate or exit these ?

Ajit Mishra: Hold the stock. Accumulate on dips only.

Nitesh Shah: I have these shares. Can you advise if I can hold, sell or buy more?

Ajit Mishra:

Stock Average of investment price Recommendation Aarvee Denim Rs 19.4 Exit AB Capital Rs 59.9 Exit Aditya Birla F Rs 136 Prefer Titan AFL Rs 13.7 Exit Aishwarya Tech Rs 34.3 Exit Albert David Rs 464 Exit Alok Industries Rs 60.9 Exit Amara Raja Batteries Rs 873 Hold Arvind Rs 55.8 Exit Arvind Smart Rs 91 Exit Ashtavinayak Rs 6 Exit Aster DM Health Rs 174 Hold Avenue Supermarts Rs 299 Hold Bajaj Consumer Rs 316 Hold Bandhan Bank Rs 340 Hold Bank of Baroda Rs 46.5 Exit BEML Rs 762 Exit Berger Paints Rs 160 Hold Bharti Airtel Rs 537 Hold BHEL Rs 37.5 Exit Binani Cement Rs 85 Exit Canara Bank Rs 168 Exit Cigniti Tech Rs 430 Exit Cipla Rs 474 Hold Coal India Rs 143 Exit Cosmo Films Rs 633 Exit CreditAccess Grameen Rs 702 Hold Cummins Rs 732 Hold Dalmia Bharat Rs 789 Hold Deepak Nitrite Rs 668 Hold Digjam — BSE Rs 26.4 Exit Diligent Media Re 1 Exit Dishman Carbogen Rs 161 Hold Divis Labs Rs 2,484 Hold D-Link India Rs 113 Exit Dollar Industries Rs 450 Hold Endurance Technologies Rs 1,444 Hold Eveready Industries Rs 374 Hold Fortis Health Rs 108 Hold Ganesha Ecosphere Rs 18.7 Exit General Insurance Rs 456 Prefer ICICI Lombard Glenmark Rs 515 Hold Godawari Power Rs 201 Exit Granules India Rs 343 Hold Grasim Rs 667 Hold GTL Infra

Rs 80.5

Exit GV Films Rs 7.75 Exit GVK Power Rs 35.1 Exit HBL Power Rs 57.7 Exit HCL Tech Rs 348 Hold HDFC Rs 1,217 Hold HDFC Life Rs 688 Hold HFCL Rs 27.9 Hold Hindustan Construction Rs 43 Exit Hindustan Zinc Rs 218 Hold HUDCO Rs 82.9 Hold ICICI Lombard Rs 661 Hold ICICI Prudential Rs 402 Hold IDFC First Bank Rs 57.8 Exit IFCI Rs 18 Exit IKF Tech – BSE Rs 6.93 Exit Indian Acrylics Rs 10 Exit Indo Count Rs 85.5 Exit Indostar Capita Rs 572 Hold Infomedia Press Rs 24.4 Exit Infosys Rs 555 Hold Interworld Rs 3.89 Exit IOB Rs 42.4 Exit IOC Rs 125 Hold Ion Exchange Rs 677 Hold IRFC Rs 26 Hold ITC Rs 216 Hold Jenson Nicholson Rs 16.2 Exit Jindal SAW Rs 80.8 Hold JSW Steel Rs 228 Hold Kajaria Ceramics Rs 422 Hold L&T Finance Rs 82.8 Hold Larsen Rs 837 Hold LIC Housing Finance Rs 353 Hold M&M Financial Rs 165 Hold Maharashtra Seamless Rs 500 Exit Marathon Realty Rs 67.6 Exit Maruti Suzuki Rs 6,632 Hold Max Healthcare Rs 78.9 Hold Max India Rs 391 Hold Mirc Electronic Rs 51.1 Exit MOIL Rs 156 Hold Munjal Showa Rs 61.4 Exit Nahar Poly Film Rs 48.1 Exit National Steel Rs 27 Exit Network 18 Rs 33 Exit New India Assurance Rs 400 Prefer HDFC Life Newgen Software Rs 245 Hold NHPC Rs 31.5 Hold Nippon ETF Gold Rs 35.5 Hold NOCIL Rs 157 Hold NTPC Rs 146 Hold ONGC Rs 139 Hold Paramount Communications Rs 28 Exit Pennar Industries Rs 23.3 Exit Pidilite Industries Rs 1,773 Hold Power Grid Corporation Rs 145 Hold Precision Electricals Rs 14.7 Exit Precision Wires Rs 80 Exit Raj Oil Mills Rs 10 Exit Rajapalayam Rs 348 Hold RBL Bank Rs 526 Hold Reliance Rs 1,482 Hold Reliance Communications Rs 2.55 Exit Reliance Power Rs 232 Exit Rico Auto Rs 38 Exit Saregama India Rs 767 Exit SBI Rs 270 Hold SBI Life Insurance Rs 700 Hold SGN Cable Rs 0.42 Exit Siti Networks Rs 32.5 Exit South Indian Bank Rs 25.8 Exit Sumeet Industries Rs 14.2 Exit Sun Pharma Rs 893 Hold TAEL Rs 0.24 Exit Talbros Auto Rs 307 Exit TCS Rs 198 Hold Tech Mahindra Rs 574 Hold Terruzzi Fercalx Rs 50.7 Exit Tirupati Foam Rs 10 Exit TV18 Broadcast Rs 48.1 Hold Unitech Rs 1.95 Exit Usha Martin Rs 1.25 Exit Usha Martin Edu Rs 1.25 Exit UTI AMC Rs 554 Prefer HDFC AMC or Nippon AMC Varroc Engineer Rs 421 Hold Vascon Engineer Rs 46.7 Exit Visa Steel Rs 53.5 Exit VRL Logistics Rs 432 Hold Wipro Rs 254 Hold Zee Media Rs 41.1 Exit

Please mail your questions to [email protected] with the subject line ‘Ask Ajit’, along with your name, and Mr Ajit Mishra will offer his unbiased views.

Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.

Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.

Feature Presentation: Ashish Narsale/ Rediff.com

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ainvestops · 4 years

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Sensex outlook: Ahead of Market: 12 things that will decide stock action on Monday

NEW DELHI: Equity market was left less than impressed after the Reserve Bank of India Governor Shaktikanta Das refrained from making projections for growth and inflation in his media address, where he announced a slew of measures to support the economy, including a whopping 75 basis points cut in repo rate.

Das said the projected annual GDP growth was at risk due to the uncertainty created by the outbreak of the deadly virus.

BSE Sensex on Friday ended at 29,815.59, down 131.18 points against the previous close of 29,946.77. While, 50-share Nifty settled 18.80 points higher at 8,660.25.

Earlier in the day, positive global cues and hopes of an economic package by RBI had led to the domestic benchmarks surging before slipping from day’s high after the central bank’s announcement.

While experts are happy with the steps taken, they, however, feel that the market will be dictated by the evolving situation on the Covid-19 crisis and its implications on the economy and corporate earnings.

“Indices ended almost flat following RBI measures to lessen the burden on borrowers and to increase liquidity in the system. The market was up in the last two sessions on expectations of these announcements from the government and RBI. Now since the expected events are out of the way, focus will be back on the spread of the virus and its damage on the already reeling economy,” says Vinod Nair, head of research at Geojit Financial Services.

Here’s what indicators are suggesting for the stock market action on Monday: Wall St tumbles as US virus cases pass 100,000 Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the US economy resurfaced and the number of coronavirus cases in the country climbed, Reuters reported. The Dow Jones Industrial Average slumped 4.06 per cent to end at 21,636.78 points, while the S&P 500 lost 3.37 per cent to 2,541.47. The Nasdaq Composite dropped 3.79 per cent to 7,502.38.

European shares fall after 3-day rally European shares closed in the red after EU lawmakers failed to agree on a coronavirus rescue package and British Prime Minister Boris Johnson announced he had been infected. The pan-European STOXX 600 index started the day about 2 per cent lower, then closed down 3.3 per cent after the announcement about Johnson’s test. London bluechip stocks had extended losses after the news, closing 5.3 per cent down.

Did RBI rate cut not go down well on D-Street?

Tech View: Nifty50 has resistance at 8,900-9,000 Nifty formed a small bearish candle on the daily chart. Analysts said the index needs to breach the 8,900-9,000 range in the near term, before instilling confidence among market participants. The index managed to break a double bottom pattern on the intraday chart, but was unable to close above the same. This signalled that the structure is still negative and the index needs to close above the 8,900 level for a change in momentum, said Rohit Singre of LKP Securities.

F&O: Nifty’s overall structure still negative Nifty started April derivatives series on a positive note as there was a decent gapup opening in the market on the back of favourable cues from global bourses. Nifty moved above the 9,000 mark in early trade, but failed to sustain at higher levels and corrected sharply by more than 500 points from the intraday high. The overall chart structure is still negative, but a pullback move of the ongoing corrective phase cannot be ruled out after the sharp decline of last six weeks.

Podcast: Time to invest in passive funds?

Stocks showing bullish bias Momentum indicator Moving Average Convergence Divergence (MACD) on Friday showed bullish trade setup on the counters including Tata Motors, NCC, NHPC, Canara Bank, MothersonSumiSystems, NMDC, Wipro, Cipla, NBCC (India), LIC Housing, TCS, Biocon, IFCI, PC Jeweller, HFCL, MMTC, Indian Overseas Bank, Central Bank, ITI, Sterlite Technologies, Berger Paints, Colgate, PVR and PTC India. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect ‘buy’ or ‘sell’ opportunities. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.

Most active stocks in value terms Axis Bank (Rs 2691.49 crore), HDFC Bank (Rs 2549.23 crore), ICICI Bank (Rs 2494.96 crore), SBI (Rs 2317.42 crore), RIL (Rs 2037.71 crore), Bajaj Finance (Rs 1961.93 crore), IndusInd Bank (Rs 1953.15 crore), HDFC (Rs 1609.64 crore), Kotak Bank (Rs 1439.51 crore) and Infosys (Rs 881.98 crore) were among the most active stocks on Dalal Street on Friday in value terms. Higher activity on a counter in value terms can help identify the counters with highest trading turnovers in the day.

Most active stocks in volume terms YES Bank (Shares traded: 11.86 crore), SBI (Shares traded: 11.47 crore), Vodafone Idea (Shares traded: 10.58 crore), Ashok Leyland (Shares traded: 8.00 crore), ICICI Bank (Shares traded: 7.28 crore), Axis Bank (Shares traded: 7.10 crore), Tata Motors (Shares traded: 5.88 crore), IDFC First Bank Ltd. (Shares traded: 4.74 crore), IndusInd Bank (Shares traded: 4.39 crore) and Federal Bank (Shares traded: 4.23 crore) were among the most traded stocks in the session.

Stocks showing buyers’ interest Ruchi Soya Industries, Geekay Wires and Bafna Pharmaceuticals witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday signalling bullish sentiment.

Stocks witnessing selling pressure Cummins India, TVS Motor, Oberoi Realty, Future Retail and CreditAccess Grameen witnessed strong selling pressure in Friday’s session and hit their 52-week lows, signalling bearish sentiment on these counters.

Sentiment meter As many as 241 stocks on the BSE 500 index settled the day in green, while 258 settled the day in red.

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eqtmonline03-blog · 6 years

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Indian Indices Trade Marginally Higher; Healthcare Stocks Witness Buying

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the capital goods sector and healthcare sector witnessing maximum buying interest.

The BSE Sensex is trading up by 53 points (up 0.1%), while the NSE Nifty is trading up by 4 points (up 0.04%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading down by 0.2%.

The rupee is trading at 70.10 to the US$.

In the news from finance space, HDFC Asset Management Company share price is witnessing buying interest today as the mutual fund house reported a 25% year-on-year (YoY) rise in net profits for the quarter ended June 2018.

The company had recently concluded its IPO and had received stellar response for the same.

HDFC AMC is the asset management arm of Housing Development Finance Corporation (HDFC Ltd). Promoted by HDFC in 1999, Standard Life Investments (SLI) acquired 26% stake in HDFC AMC in 2001, and now the company operates as a joint venture between HDFC and SLI.

Through organic growth and acquisitions, such as Zurich India and Morgan Stanley MF, the firm has grown to one of the top two AMCs in India. It has around Rs 2.9 trillion of assets under management (AUM), commanding a significant 13.7% market share in the industry. It is also ranked the most profitable AMC in the country since FY13.

Senior management of the firm has been broadly stable with Mr Milind Barve serving as the Managing Director since 2000 and Mr Prashant Jain as Chief Investment Officer since 2004.

To know more about the company, you can read our IPO analysis of HDFC Asset Management Company (AMC) Ltd(requires subscription).

At the time of writing, HDFC AMC share price was trading up by 3.4% on the BSE.

L&T share price is also in focus today as the board of directors today approved the company's first ever proposal of buyback of equity shares.

Speaking of buybacks, the number of buyback offers in 2017-18 were at an all-time high. Never, in the last two decades, had Indian markets seen fifty-nine companies announcing buyback plans.

But what is truly surprising is that unlike in the past, the buybacks this time seem skewed in favour of short term investors rather than long term ones.

At Equitymaster, we believe, as a shareholder in cash rich companies, you should not only be wary of expensive buybacks. But if possible use it to your advantage to rake in some cash.

As per Rahul Shah, co-head of Research, investors should not assume buybacks are always good. Here's an excerpt of what he wrote in one of the editions of The 5 Minute Wrapup:

The reason behind the buyback must be investigated. At the end of the day, an increase in earnings should be more a function of the inherent robustness of the business, as that's what will help it continue to grow at a healthy pace.

The topic also brings us to ask: Do buy-backs offer an arbitrage opportunity for retail investors? Ankit Shah has answered this question in one of the editions of Equitymaster Insider. You can access the issue here (requires subscription).

In the news from initial public offering (IPO) space... Shares of CreditAccess Grameen, which concluded its IPO recently, made a tepid debut on bourses today as the scrip of the company got listed at Rs 385. This represents 8.7% discount to its issue price of Rs 422.

The Rs 11 billion IPO by the microfinance institution ran from August 8 to August 10 and was subscribed over 2 times.

The issue size of this IPO was about 26.8 million shares, which included 11.8 million shares issued by the promoter CreditAccess Asia N.V. and a fresh offer of shares of up to Rs 6.3 billion.

CreditAccess Grameen, a leading microfinance institution in India, is focused on providing micro-loans, especially to the women customers in rural India. The lending products of the company address the financial needs of the customers throughout their lifecycle. This includes income generation, family welfare, home improvements, and loans for emergencies.

The customer segment they mainly focus on is women with an annual household income of Rs 160,000 or less in urban areas and Rs 100,000 or less in rural areas. The company provides loans primarily under the joint liability group (JLG) model.

To know more about the company, you can read our IPO analysis of CreditAccess Grameen Ltd (requires subscription).

Speaking of IPOs, the stock market is gearing up for a burst of IPO activity over the next two months.

Also, according to EY India IPO Readiness Survey Report, globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised US$ 3.9 billion in the first half of this year.

Meanwhile, the amount raised by SME IPOs in 2017 stood at Rs 17.9 bn. This is more than three times the amount raised in 2016. The number of SME IPOs launched also doubled from 66 to 132. This is evident from the chart below:

SME IPO Boom in 2017

So how should one approach to IPOs? We believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

Also, to know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

This article was originally published in English at www.equitymaster.com

Read the complete Indian stock market update. For the terms of use, go here.

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releasesoon · 6 years

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CreditAccess Grameen lists at a discount on the bourses; opens at Rs 385 against issue price of Rs 422

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New Delhi: Shares of microfinance firm CreditAccess Grameen on Thursday made a weak debut on the bourses, falling over eight percent from the issue price of Rs 422.

The stock got listed at Rs 385 apiece on BSE, which is a 8.7 percent discount from its issue price.

Representational image. Reuters.

Similarly on NSE, the scrip opened at Rs 390, a plunge of 7.6…

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#CreditAccess Grameen #CreditAccess Grameen debut #CreditAccess Grameen IPO #IPO #Microfinance #new listings

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eqtmonline03-blog · 6 years

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Nifty Hits Fresh Record High; Sensex Up Over 200 Points

After opening the day marginally higher, stock markets in India witnessed buying interest and went on to scale their record-high levels. Sectoral indices are trading on a positive note with stocks in the energy sector and consumer durables sector witnessing maximum buying interest.

The BSE Sensex is trading up 202 points (up 0.5%). The NSE Nifty hit a new record high of 11,446 and is presently trading up 52 points (up 0.5%). The BSE Mid Cap index is trading up by 0.2%, while the BSE Small Cap index is trading up by 0.6%.

The rupee is trading at 68.64 to the US$.

Speaking of rising markets, In June 2016, when Sensex was trading at around 27,000 mark, Tanushree shared with her subscribers a report on why Sensex could go up to 40,000.... And the four safe stocks that one could count on to create permanent wealth.

Sensex is close to that mark now. But the way Tanushree sees things now, the Sensex is on its way to hit 100,000 mark by the next decade.

That said, she believes it's not going to be a continuous joy ride. In fact, a majority of these gains will be led by stocks outside of the Sensex.

How can regular investors make sure NOT to miss this ride?

So Tanushree created a blueprint of stocks that will create permanent wealth for her subscribers.

If there is one blueprint all investors - especially if you are new to the markets - need for long term success, it is this. Today is the last day the blueprint will be available. See the video here and get 3 stocks you should invest in straight away.

Remember - this closes at midnight tonight. Click here now.

Moving on to the news from global financial markets, the Trump administration today announced that it would impose 25% tariffs on imports of 279 items from China amounting to US$ 16 billion.

The US Trade Representative said that the move is a part of the US' response to China's unfair trade practices related to the forced transfer of American technology and intellectual property.

This is the second tranche of such tariffs and is set to come into effect on August 23.

US had already imposed tariffs on US$ 34 billion worth of goods on July 6 but held off on a final US$ 16 billion in goods as a result of concerns from US companies.

How this trade war pans out remains to be seen. Meanwhile, we will keep you updated from all the developments from this space.

In the news from initial public offering (IPO) space, the IPO of CreditAccess Grameen is set to kick off today. The issue size of this IPO is about 26.8 million shares, which includes 11.8 million shares issued by the promoter CreditAccess Asia N.V. and a fresh offer of shares of up to Rs 6.3 billion.

The price brand for the IPO is in the range of Rs 418 to Rs 422 per share. This makes the CreditAccess Grameen IPO issue size between Rs 11.2 billion and Rs 11.3 billion.

To know more about the company, you can read our IPO analysis of CreditAccess Grameen Ltd (requires subscription).

Speaking of IPOs, the stock market is gearing up for a burst of IPO activity over the next two months.

SME IPO Boom in 2017

Also, to know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

This article was originally published in English at www.equitymaster.com

Read the complete Indian stock market update. For the terms of use, go here.

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