Yeah, I’m a bit late in conveying my new year wishes as last few days have been highly hectic.
Markets have been roaring and stocks are flying. I think we should be careful going ahead and should start building cash levels. Q3 nos will be very important to judge the price vs value for many stocks.
Among the stocks we have discussed at our blog earlier, almost all have done extremely well. Few updates:
Manjushree: After very good returns in short term, I think we should do partial profit booking here.
Fresenius Kabi: Stock has done quite well and looks a bit expensive now. One may book profits on rise here.
Suprajit Eng: One can continue to hold.
Jaihind Projects: I feel the best is yet to come. One may look to add more on declines.
Siemens Healthcare: One should exit due to the merger announcement.
Asian Hotels: Stock has moved up smartly as expected but more room is left.
Few new stock ideas which can be considered at current levels and declines: Vipul Ltd, Himatsingka Seide & Tata Sponge. (I’ll post detailed logic later)