Stocks I hold

These are the stocks I hold.

Amar Remedies
Apollo Tyre
Classic Diamond
Era Construction
Futura Poly
Gitanjali Gems
Nectar Life
Parsvnath
PBA Infra
Pratibha Industries
Reliance petro
RPG Transmission
Revathi Equipment
Rolta
SRF Poly
Sunil Hitech
TechnoCraft Industries
Valecha Engineering

Total is 18. Now you can understand in what mess I am ? Tracking all of them is pain.
But at the same time it is some fun also.
Moving forward I want to bring this list down to max 10. May be in next few months.

Freakonomics

Few days back I got a chance to read this book. And this book is really written by a kind of freak. Through out the book author(Steven D. Levitt) has challenged conventional wisdom. Author's site is www.freakonomics.com

For example in US presendential elections the candidate who recieves maximum donation is winner. So according to conventinal wisdom to win elections you should get more donation than your opponents.
Steve has given counter of this wisdom. Lets say you are giving a donation to a candidate during election. Whom would you prefer?, some one who has no chance of winning at all or someone with strong chances. Answer is obvious. So the truth is winning a election is not a result of getting more donation but a mere confirmation that candidate had good chances of winning election.

Book is full of these kind of examples. But my favorite is section where School Teachers of US are compared with Sumo Wrestlers of Japan.


Back to stock market. Week of 16th Feb was full of excitement , with market crashing like anything and then recovering some what. One stock which is having really bad times is Parsvnath Developers. From the listing price of 550 (IPO price 300) on 30-Nov-2006, it has continuously slided. CMP is 321. Stock deserves better price than this. I picked some in this crash @ 300. Lets see where it goes.

TechnoCraft Industries

TechnoCraft listed on 12-Feb-2007. IPO was at 105 and CMP is 118.
Stocks looks like a decent pick. Company is talking of an eps of 20-21 in FY08 and in 14 in FY07.
More details are at
http://www.moneycontrol.com/india/news/iponewlistings/sharadksaraftechnocraftindustries/seers500crtopli/market/stocks/article/266673

http://content.icicidirect.com/ULFiles/UploadFile_2007118171334.asp

I got some allotment in IPO and I have picked some more.

Stocks was quite stable during the crash of Monday. I am hoping it will give good returns in comming days.

More Stocks

Here is the link on Valecha.
http://www.indiainfoline.com/company/showleader.asp?storyId=382&lmn=4&cat=1
Mangement is quite bullish on business.

Pratibha Industry. It has quite a good order book and I am looking at target of 400 plus in future. CMP 245.

Rolta. This stock has been performing well as per my expectations. CMP 310. It is in FIIs buy list now so will not fall much. But if there is any correction buy it for good returns.

Stocks for year 2007

One of the ways I pick stocks is choose companies which have given results more than expectations. Obviously the results should not be a case of one time earnings become of some asset sale.
Some of the stocks on above criteria is

1. Nectar Life Science CMP 215. 9 months eps is around 23. I am quite bullish on this stock. Target are quite high. Not sure but could be 400 plus in next 1 year.

2. RPG Tranmission, this power hungry country needs lot of transmission line. CMP 215. Target may be 300.

3. Valecha Engineering. CMP 240 . This stock is back in my list. Management is talking about 50% growth in next two years. FY07 expected eps is 18. FY08 expected eps is 27.
Stock should cross 350 in next one year.


More stocks next time.