Performance and status

We have maintained a performance and status sheet of all the stocks we have mentioned on the blog. We update it (usually fortnightly) to keep updated our readers about our current status for the mentioned stocks.

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You can also view a Change Log now.

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  • Vinod

    Hi, Ayush,

    You have given a “accumulate” call on Riddhi Siddhi. After what the management did in their subsidiary sale, why do you feel they will give anythin to minority shareholders now?
    What is the difference between accumulate and buy calls?

    Rgds

    • Ayush

      Hi Vinod,

      We had exited Riddhi Siddhi and had made a blog post for the same – http://dalal-street.in/riddhi-siddhi-french-roquette-deal-impact/

      The updation in the sheet as “Accumulate” has been an error during last updation. We have corrected the same to “Exited”. Thanks for bringing the same to notice.

      Accumulate is when the stock is looking very attractive at current levels. Buy is when it is in a buying range.

      Regards,

    • Jatin

      i will not go for this stock.since mkt has corrected substantially and also expected to go down further, better watch out to pick pedigree stocks at lower levesl …like : axis bank , l&t, bhel , alstom , abb , siemens , novartis etc.

      • Girish D

        I tend to agree with Jatin. Solid companies are available at reasonable prices and they would form core of my portfolio. I will put some risk money in the small cap. But majority of my funds will go to large and mid cap.

        • Ayush

          Hi,

          I would rather try to look for more value for my money than differentiate between a large and small cap.

          • Mukund1960

            Ayush bhai,
            I see you exited Pratibha Inds. The stock looks interesting from after they won few orders.
            What’s your take on it looking at bullsihness in Infrastructure stocks?

            Also if you think there are some good mid-caps for 1 yr hold view please do suggest. Your take on Jyoti Structures if you tracking.
            pls do continue with some new ideas. Liked your Balkrishna.

          • Ayush

            Hi,

            Yeah, we had exited from the sock at that time as better options seemed to be available. One needs to be very selective in the infra sector as cos are highly leveraged.

            Yes, lots of very good options are available and we have been discussing them at our blog. You may refer to the performance sheet to look at the ideas in bold which are still open.

            Don’t track Jyothi Structures closely but yes its a good co and has value.

  • Mayanks

    hi ayush
    do you offer any paid services? I would like to avail the facilities if available

  • Random Guy

    Hi Ayush,

    Was there a post on Pratibha Industries? Search did not show any results.

    • Hi,

      We recommended Pratibha industries in this post: http://dalal-street.in/sunflag-iron-update-ideas/

      It did not show in search cause in post we mis-spelled Pratibha as Prathibha Industries :P.

    • Ayush

      Hi,

      Like @pratyushmittal:disqus mentioned, we had made a small post on Pratibha.

      Might be posting a detailed note soon.

      Thanks & Regards,

  • Girish D

    Dear Ayush,
    Do you track SRF? I am researching this idea. At least statistically it looks OK with good multi year growth and other ratios plus prudent and conservative management. Sort of good value stock. Do you have any opinion on this stock or industry.
    I am trying to develop bear story for this idea before I invest. Why it is so disliked by investors (PE of 3.5 and dividened yield of 5%).

    Request other readers to voice their data and opinions.

    Thank you.

    Girish

    • Ayush

      Hi Girish,

      Though the stock looks cheap, but I think we need to consider the impact of end in earnings from carbon credit (which might happen or get reduced going forward – reason – Kyoto Protocol needs to be renewed and the benefit may get reduced.

      If the carbon credit are to end going forward, I think earnings will take some decent hit.

      Regards,

      • Girish D

        Thanks for your input. Yes that can dent the profits for sure. But for some resons the CERs revenue is already fallen to Rs 72.81 cr this year Vs Rs.259 Cr last year. Not sure if it will go up in the next few years.
        The other red flag is sustenability of margins next year. The chemicals segment had 131% increase in EBIT due to global market situation. But new capacity has come in. Same was true with packaging film segment. But after supreme court order on Gutkha packaging and additional capacity exmapsion in the coutry will surely impact the margins of packaging film busines. Already impact started in Q4. In Fy 2010-11 margins were extremely high for both checmcals and packaging film businesses. Will not last going forward.
        But on the positives….
        1. The track record of this management for last many years in all market conditions. Especially as asset allocators. Also there is an ambition to scale up the operations.
        2. The valuation is very cheap. Even if we knock off 50% profits next year (just a guess) the PE will still be 7 or so. I think there is lot of margin of safety due to very low valuation if the investment horizon is 2 or 3 years.

        • Ayush

          Its good to know that contribution from CERs is already low this year. Yes, contribution from packaging business should be very low this year.
          You have done good homework and it should give you comfort while investing.

  • Hi ayush, BNK capital has been falling since the bonus announcement, any updates or news on the outlook.
    thanks,

    • Ayush

      No updates as such. I think its more due to the dullness across the small mid cap space.

  • Toshniwm

    Hi,

    Why Pratibha Ind is marked as “Exited”?

    Regards,
    Manmohan

    • Ayush

      Hi,

      We do like Pratibha for long term but there are lots of concerns for the infra sector and their stocks in near term. Hence needed more clarity or better price.

      What do you think?

      Regards,

  • Rohit sharma

    Ayush,
    You have HOLD for Balkrishna Inds. Do you think one can still accumulate at current price looking at the future expansion of Rs1000 Cr?

    • Ayush

      Hi Rohit,

      BKT is definitely a very good company and outlook is also very good…the stock has also done very well and is up 50% up from our recommendation date despite gloomy market.

      As the co’s 50% of revenue is from Europe and looking at the uncertainties and risks, one should be a bit cautious here until things settle. There are other new ideas also which one should consider.

      Regards,

      • Rohit sharma

        Thanks Ayush. will keep that in mind. I thought adding 25% of BKT might be a good idea, but after your advice I will hold off.

        Can you pls share what new ideas you looking at?

        I was exploring VOLTAMP TRANSFORMERS. They seem to be good and seems like a Debt free company.

        whats your take on that one?

        • Ayush

          Hi Rohit,

          BKT is a very good co and hence adding abt 25% of your intended qty at current levels could be a good idea. Do allocate some portion of your portfolio (say 1-3%) to stock ideas you like and are working on.

          Have posted new ideas in last few months and all of them still look good.

          Don’t track Voltamp transformers closely. Doesn’t looks cheap on last couple of years of performance. Anything particular here?

          Regards,

  • vishal kejriwal

    Hi ayush,

    Please update with the list which we should intact in current market scenario!!

    • Ayush

      We have indicated the stocks in bold and black in which investments could be done.

  • Random Guy

    Hi Ayush,

    Is the long term story in tact for ABC bearings and Shilpa? Should one start to nibble?

    • Ayush

      Hi,

      Though the longer term story seems intact in both the cos but one should wait for Q3 results to get a clue about the results.

  • Vishalkejriwal26

    HI Ayush,

    which one is looking good in below peers
    1.Everest Industries
    2.Hyderabad Industries
    3.Visaka Industries
    4.Shyadri Industries

    Regards,
    Vishal

    • Ayush

      Hi,

      I think one should watch Q3 nos before acting. As cement prices had increased in last few months, may be there will be margin pressure.

  • Shankarsurabh

    Hi Ayush,

    Wanted to check your views on ABC bearing. Although, their growth has been slow, but hopefully their new plant will give the growth impetus.

    • Ayush

      Hi Saurabh,

      Though fundamentally its a good co but it hasn’t been able to deliver on consistent growth. In this market we feel there are better options available.

  • Random Guy

    Hi Ayush,

    Shilpa is showing good recovery from Dec lows. Is there any news on this company?

    • Ayush

      Yes, the recovery has been good but as there haven’t been any updates from the company or other analysts and the growth hasn’t been there for quite sometime, one may switch to other ideas.

      • Subhash

        Ayush,
        do you track Action Const Equip? RD on his chat session use to recommend it. Do you think it has value and can been added?

        • Ayush

          Hi,

          We haven’t been tracking the same. The last qtr of the co was quite poor…what were the reasons for the same?

  • Maniac_2004

    why have you exited gipcl ? any particular reason

    • Ayush

      Just because better options seem to be available.

  • Sridhar

    Hi Ayush

    Do you track a company called V-Guard …hearing lot of good things about the company

    • Ayush

      Don’t track it closely but yes, it seem to be doing well

      • sridhar

        Has just crossed 1000 cr Turnover & available at MC of about 560 cr

        • Ayush

          which co?

          • sridhar

            V-guard

  • Sachin

    please let me know about deccan gold mines,

    • Ayush

      I think its better to avoid…the co seems to have dubious record.

  • vishal chaturvedi
    • Ayush

      Hi Vishal,

      Though it seems to be a short term negative, but we feel it will have neutral effect over a medium to longer term.

  • Random Guy

    Hi Ayush,

    Awesome new look to the scorecard!

    Regarding Piccadilly Agro – why do you still consider it a hold?

    • Ayush

      Hi,

      Thanks. The stock has just fallen off the cliff due to poor earnings. While the BV is good at 30+ hence we feel its no point to sell at these prices…may be when the performance improves, the stock may come back.

  • Abhinav

    Hi Ayush- whats your take on Piccadilly Agro now? While all sugar stocks have had a tough time, what do you make of the subdued performance on the liquor front?

    • Ayush

      Hi Abhinav,

      Very limited information is available on this co and hence tough to understand the exact reason behind the subdued performance.

  • Hi Ayush,
    I am missing the old excel view option.
    Can you please provide that link as well ?

  • sridhar

    Hi Ayush

    would the chinese govt decision to stop sea food imports from India be a negative for Avanti feeds

    Regards

  • Konchati

    will you suggest investment in SHREE RENUKA SUGAR and SUZLON at current price for long term say 3+ years?
    Your view, Please

    • Ayush

      Sorry, don’t track both the cos. We avoid high debt cos.

  • vishal chaturvedi

    Hi Ayush – what is the difference between your buy on decline and accumulate calls ? If you are looking at your performance spreadshee what kind of decline you looks for ( 10%, 20% ?). I guess this varies from stock to stock but a rough figure will make me understand your views on apcotex v/s say smruthi

    • Ayush

      Hi Vishal,

      We feel if one is trying to build a portfolio, then he should have exposure in the stocks under Buy, Buy on Decline & Accumulate rating. Accumulate is given to a stock which is looking very attractive at the current levels and higher exposure should be given while Buy on decline is for stocks which are good but buying should be done in phased manner from time to time and on declines of say every 5-10%.

      Usually investors should spread out their portfolio into 15-20 stocks.

  • sridhar

    Hi Ayush

    Do you track a cravatex . Seems good ( Though has run up ) …Good franchise & should benefit from Demographic dividend & domestic consumption

    • Ayush

      Its a good company but the stock has already seen a very sharp run up.

  • Konchati

    which one is the best buy @ CMP among the stocks you track in respect of future price appreciation potential?

  • Konchati

    what is the difference between BUY ON DECLINE & ACCUMULATE?

    • Ayush

      We feel if one is trying to build a portfolio, then he should have exposure in the stocks under Buy, Buy on Decline & Accumulate rating. Accumulate is given to a stock which is looking very attractive at the current levels and higher exposure should be given while Buy on decline is for stocks which are good but buying should be done in phased manner from time to time and on declines of say every 5-10%.
      Usually investors should spread out their portfolio into 15-20 stocks.

  • sridhar

    Hi Ayush

    Do you track RS Software . Good set of numbers , cheap & good dividend yield …Client concentration however , remains a risk

    • Ayush

      Hi, we don’t track much of the tech sector stocks…so not much idea. Will keep it on track list.

  • Konchati

    Hi Ayush

    Do you track WEBELSOLAR? Should one remain invested in that company for long term?
    How do you see the future of the company in long run?

    • Ayush

      No idea…don’t track this one

  • Konchati

    Why manali petro has not been added in the report?

    • Ayush

      The sheet was updated a week back…we usually update it every fortnight. So it will be there in next update.

  • Sridhar

    Ayush . many of your stocks are flying around …Congrats on some great calls .

    Time to update the report too !

  • Sridhar

    Ayush

    Gujarat reclaim results for 4 th quarter a tad disappointing . Does this have to do with plant shut down for a few days

    • Ayush

      Hi,
      Yes, the results are weak on quarterly basis but still very good on annual basis. The stock would take correction but it remains a high quality stock with good prospects for long term. As per notes to acs, new capacities have started production so there should be good growth in coming year.

      Yes, the plant shut down seems to have affected.

  • Sridhar Saradha

    Hi Ayush

    On Avanti , I feel q 1 / q2 results of FY 13 …will be very good . One is the seasonality factor and couple with weak INR …..any thots

    regards

    • Ayush

      Yes, usually Q1 & Q2 are the best quarters and we may see topline growth but I would like to remain a bit cautious on the margin side…we may see some softening. We shouldn’t extrapolate. Yes, weaker rupee should help.

  • Manmohan

    Hi Ayush,

    What are your views on Manjushree Technopack. I think this stock idea is worth revisiting.

    Thank You.

    • Ayush

      Yeah, the co has been doing really well and one should remain invested and add more on declines.

      • Amit H

        Manjushree’s consistent growth in the past 10 years has been excellent. Do you believe the latest announcement by the government to allow FDI in retail will benefit the co from a long term viewpoint? Was wondering why this stock is not in your ‘hold’ or buy on declines category anymore despite your comment above.

        • Ayush

          Hi,

          Over last couple of years, the co has taken a lot of debt and now the debt:equity ratio is at about 1.25 and in the recent qtr the co hasn’t grown much. Hence to be on the safer side, we have taken an exit for now.

  • Sridhar

    Hi Ayush

    I had once mentioned about V-guard . They have come out with a outstanding numbers

    Regards

    • Ayush

      Hi,

      Yes, the co has been continuously doing very well. Seems good.

  • Drdesai

    manali petro,how long one should hold?i am accumulating current price?

    • Ayush

      Keep a track of it results and developments, if the co continues doing well then time frame is not that important.

  • Rahul

    Dear Ayush,
    what is your view for indo count industries ltd & Manaksia ltd?

    • Ayush

      Hi,

      Sorry don’t track them

  • Vivek Gautam

    Skuperb track record.keep up the good work.pl update ASAP

  • Rohan

    Ayush,
    Good set of numbers from Balkrishan Inds. Do you see the performance to continue or can one exit the counter?
    I just want to see how the numbers are given for the next year.

    • Ayush

      Hi Rohan,

      Try to look at the longer term picture and the business model. The co has a excellent track record and is in process of almost doubling its capacity over next 3 years.

      The current nos are good but there is some slowdown. So if you are already having the shares and exposure is good then some profit booking can be done otherwise one should stay invested and monitor the performance.

  • saurabh shankar

    Hi Ayush,

    Any particular reason on making Ashiana “buy on declines”. Is it because of the changed accouting policy which can make results unpredictable?

    • Ayush

      As the near/medium term nos are expected to be weak, stock price may correct and hence one should keep buying gradually on declines

      • in the last AR there were reports of huge delays in comversion from agricultural land in Rajasthan which is a serious problem.

        • Ayush

          Yes, the approval has been very slow for new projects in Bhiwadi and this coupled with the accounting change will be impacting the nos. But if one thinks beyond a year then its an excellent co to own.

  • TT

    Hi Ayush,
    I have a few questions:
    1. Do you run this as an investment fund that I can invest in?
    2. Also, do you allocate equal amounts of money to all of your share holdings? Or do you assign different weights based on how much you like a company or set of companies?

  • Srinivasan M

    Ayush Sir,

    I like Indag Rubber as a company and also its management. But I read your queries to the management. Seems like you were suggesting, market opportunity is not there anymore(after your mgmt interaction) and may not grow more than another 10% or so. Also the company is looking to diversify to other areas due to no growth situation. What other businesses mgmt is looking for growth, when are they looking for this diversification. So do you think it is wise to look at this opportunity or look for other ideas from your picks. Also if one can invest how much % of portfolio one can invest considering the growth constraints the company faces. Many Thanks.

    • Ayush

      Hi,

      Indag is a good co in terms of consistent nos and financial ratios. Yeah, when we met the mgmt, it seemed that the growth will slowdown but the co has done pretty well since then and grown at about 20%. So this is commendable.

      On the limitations, yes, longer term growth potential is limited due to the limited market size. There hasn’t been details on the the new lines of business.

      This is a decent opportunity given the valuations but exposure should be limited to 3-5% due to lack of clarity on growth.

      • Srinivasan M

        Thank you sir for your valuable inputs. I’ll probably give this stock a miss.

  • Manek

    Ayush,
    The link to Narmada Gelatin doesn’t open any stock details. Its refers to management meet. Is that intentional or error? I wanted to check on Narmada Gelatin details like other stocks.

    • Ayush

      Hi Manek,

      We haven’t posted a detailed note on it. We had briefely mentioned about the co in the relevant post.

  • sridhar

    Hi Ayush ,
    Do you track precision wires

    • Ayush

      Hi,

      It does seem to have value and in past has been a good dividend paying co. The negative is the volatility in earnings.

      Would like to know more on the growth prospects to take it further. Do share if any update at your end.

      • sridhar

        Surely , will get back to you .

  • manind

    hi…..Ayush,

    do you track Indsil Hydro Power and Manganese…..??
    Please provide your call on this…..?

    • Ayush

      Hi,

      Sorry, don’t track the same

  • gr

    I am holding PICCADILLY AGRO @ 23 kindly advise me if I should hold or exit

    • Ayush

      One may hold

  • Hi Ayush

    Can you please share you investment philosophy or the list of do’s and don’t which you adopt specifically highlighting if there are any sectors which you do not invest in and the valuation methodology being followed. Not sure if anything is already posted earlier. Thanks

    • Ayush

      Hi Anil,

      Usually we don’t invest in IT or highly competitive commodity sector like Steel etc. We like to invest in young cos growing at 25-30% and having a niche area and quoting at single digit PE multiples. The business should have an ROCE of above 20% and promoters should have a clean track record.

  • Just a suggestion. I think it will be better if the exit price is also shown in the above table. Thanks

    • Ayush

      Current price is the exit price for the exited stocks. Will try to make a change at heading

  • sridhar

    Hi Ayush

    Do you track singer India . Looks cheap . MNC , latest quarter results seem good . If June quarter can be replicated there could be an uptick . Also delisting story .

    • Ayush

      Hi,

      Interesting on first glance. Any longer term growth targets or something shared by the co?

  • BHAVIK

    all BOGUS SCRIP NO VALUE EVEN AFTER 1 OR 2 WEEK

    • Atul

      Dost why you wasting time on putting the comments?? Lots of free and paid sites are available. Do googling and let people do some useful discussions here. Thanks Happy investing

    • Prashanth

      @Bhavik: This blog is for investors sharing knowledge about value investing. We are not here for trading.
      @Moderators: Why not remove such sadist comments?

      • Ayush

        Hi Prashanth,

        We want to keep this website as transparent as possible and hence haven’t moderated the above comment.

        Thanks for your response.

  • Srinivasan M

    Hi Ayush,

    I was looking at apcotex industries. Looks like a good company in a commoditised industry. The company is showing excellent growth in exports. Is it sustainable(or due to weak rupees). Also there latest annual report doesn’t specify about installed capacity. As per knowledge 30,000 MT was last capacity seen. Have they made any capex to increase the capacity. Looks like company is operating at 97% capacity. Do you have any information.?Also the company is making progress and gaining good traction and becoming efficient. Is it due to a larger scale of operations.? Can you throw some light on this.? Thank You.

    • Ayush

      Hi,

      Yes, they are doing well in a competitive industry and the change is due to the next generation. The MD has been trying to grow the co at a steady rate of 20-25%+.

      They have undertaken some expansions and invested about 30 Cr in up-gradation and expansion of capacities.

      The key thing would be if they are able to expand their margins…if it happens, the stock can get re-rated. Otherwise it can be a steady grower.

      • Srinivasan

        Ayush, Thanks for the information. I did analyse it, company being very shareholder friendly. But business is not that great to talk about. Was comparing this with Savita Chemicals, and savita was having better return ratios. But this being a small company, can grow 15% compound. So currently kept under radar and not yet made a move.

  • Harish Matah

    hi Pratyush
    Few days back I visited yr cantt office and met you and Yr father.U added my name in mailing list.I am not receiving mails.Kindly check at yr end.
    Harish Matah

    • Ayush

      Dear Sir,

      Thanks for writing in. We haven’t made a blogpost since 3rd September hence you haven’t received any email. You should receive one the next time we make a post.

      • Harish Matah

        Shall be thankful.

  • Anish

    Ayush,
    Do you track Sanghvi Movers? The stock in Infra & power stocks are beaten down since last 2 years. Will govt become active, do you see Sanghvi getting better orders as the company is the best in its segment and caters to large power projects.

    Regds

    • Ayush

      I haven’t been tracking it closely. But yes, it does seem to have potential once the sector starts improving.

  • With CESC hitting 340, BNK capital might see a long awaited breakout.

    • Ayush

      Amen 🙂

  • suresh

    CA Ayush, Good evening. I notice your earlier recommendations Welspun, Piccadily Agro, BNK Capital much below the recommended price and your advice is to hold. Is it advisable to buy at the present price levels? Pl advice. Regards, Suresh

    • Ayush

      Hi,

      One may buy a small qty to understand these cos too. But exposure should be small.

  • mihir

    do any1 track haldyn glass, its quite undervalued, business is scalable n growth prospects are also good

    • Ayush

      Though it is trading cheap but there was a fraud in the co last yr and nothing much was disclosed. Hence we feel there is lack of clarity to have much exposure

  • Manish

    Please share your view on Inox Leisure?

    • Ayush

      Sorry, we don’t track the same

  • Ajey

    Any View on AK Capital?

    • Ayush

      It does look good on some of the valuation parameters but somehow couldn’t develop much comfort.

      • ajey

        Have you seen consolidated results and balance sheet? They are also planning QIP. Before QIP gap between valation and price can get reduced!

        • Ayush

          Quite possible…but as we couldn’t understand the long term picture, we gave a go

  • mihir

    bhavik bhai blog is for value investors & not traders

  • Dear Ayush ji, I am a new to ur blog. please give some scrips for medium term holding

    • Ayush

      Hi Suvenkat,

      Go for the scripts which are still in buy mode and recommended recently. Like – GRP, Sahyadri, Muthoot Cap, Smruthi, Narmada Gelatine etc

  • Atul

    Congratulations for setting first screener site for the Indian stock. I have following questions if you wish to answer:
    1. Can you please share the source from which the information is sourced?
    2. This being a non commercial site, how you guys are maintaining this (managing finances)?
    3. What are the future plans for the site?
    4. The site can have filters for sectors and give the facility to compare between 2 or more stocks at a time.
    Keep up the good work.
    Happy Investing 🙂

    • Hi Atul,

      1. Screener analyses the publicly published data of companies from multiple sources including the exchange websites and some manual feeding.

      2. We are working towards educating masses about investing. We are currently maintaining this from our own funds.

      3. At the moment we haven’t given it much thought. We seek to spread Screener so that the maximum people may benefit from it. We are also working on various unique and new helpful features.

      4. We will be adding industry filters soon. The idea for stock comparison is also good and we will give it a thought.

      Thanks for the feedback :),

      Pratyush

  • NAARAAYAN

    i bought sahyadri yday at 86……..can i buy more …….wat will b d trgt ? am a value invester……

    • Ayush

      The Q2 nos have been weaker than expectations. Will recommend to wait for more clarity or better valuations

  • paritosh

    Ayushji,
    i could not understand logic of some of the recommendations…muthoot capital is near recommended price but is still accumulate and not buy. narmada is below recommended price but is buy on decline, not outright buy. could u please explain. great job anyways….

    • Hi Paritosh,

      We have added a brief footnotes as to what the terms mean.

      Accumulate: We find the current price attractive for investing.
      Buy on declines: The company has good fundamentals but the price might take a few corrections from time to time.
      Hold: Stock is adequately valued and is expected to continue to give a recurring good performance.

      Thanks for the appreciation,
      Pratyush

  • Vinod

    Hi, why is Indag missing from the accumulate list?

    • Ayush

      Hi Vinod,

      The reason is we already have good exposure from very low levels and hence would be buying gradually at these levels. But yes, it does look good.

      Ayush

  • Sudhir

    Ayush,
    Whats your take in Aarti Inds at current price as you tracking Aarti drugs as they are from the same management group.

    • Ayush

      Aarti Ind is also good but I think Aarti Drug is growing faster and has better ROE

  • Prashanth

    Thanks for updating !!

  • Harish Matah

    Dear Mr.Ayush,
    What is your opinion about investing in Hindalco for 3 months

    • Ayush

      Hi Harish,

      Sorry, don’t track it. But 3 months is quite a short period for investing decision in stock markets.

  • PREMJIT

    Sir your view on winsome diamond for 2-3 month period, any taget

    • Ayush

      Sorry, don’t track the same.

  • PREMJIT

    Sir what is going on Opto Circuit? Can it be accumulated ? Your View Please.

    • Ayush

      I think the co is over-leveraged and one should avoid. Invest in such ideas only if you understand the co very well.

  • roundrock

    excellent job !!! where can i find the reasons/notes for buying ? for example Caplina was recommended to buy, i would like to read the notes on why it is being recommended. also when the list is updated after the actual buy. i am seeing caplina entry price at 70 and the date is jan 08. i dont see this rate on jan 08. its available on 70rs on jan 02. is it possible to update the list immediately. i understand this doesnt matter for long term investors

    • Ayush

      Here is the link to the stocks discussed on 31st Dec, 12 – http://dalal-street.in/caplin-and-poddar/

      Due to work pressures at our end, there is a lag between the updates. The price on the sheet is the price on the date of blogpost.

  • Anoop

    Hello Ayush

    What happened to GRP . How come it became hold from accumlate .

    • Ayush

      The co seems to be going through a tough time due to challenging environment in tyre industry. Hence the change

  • Prashanth

    Ayush,

    Waiting for your views on GRP after the results.

    The stock is bleeding today!!

  • Premjit

    Sir, Is Sterlite Inds. a good buy at current levels. Kindly Advice. Thanks & Regards.

    • Ayush

      Sir, we don’t track the company. We encourage users to share their logic while putting up a new idea.

  • Naveen Vaidya

    Hi Ayush,

    Can I consider buying Ansal Properties at CMP.

    • Ayush

      Hi Naveen,

      We do feel that the co’s value is much higher than the market cap as of now. However, there have been concerns on the quality of earnings as of now and hence value unlocking may take quite some time. Best strategy is to buy gradually in a phased manner, if convinced.

  • Akshay Jain

    Ayush

    Seeing your picks for the first time…..Am new to your site
    If you can help provide a range of about how many stocks you would hold at one point in time???
    The reason for my question is that all companies mentioned here are micro-caps (niche plays), so I’m trying to understand your thoughts on downside protection assuming some of these may have had scalability and corporate governance issues. Am i right in assuming that in a major bear market like in 2009, (considering most of them to be illiquid) P/E’s of many of many of these companies may have fallen way below 5

    • Ayush

      Hi Akshay,

      As personally we are full time into investing and have a passion to work on new interesting ideas, we hold several stocks at a point. However, usually 15-20 stocks form majority of the portfolio and would recommend the same to others too.

      Stocks do fall during bear markets but the good thing is that almost every other stock falls in these times and hence one can exchange a weaker idea into a stronger one.

  • jitendra k

    hi this is my first comment on any investment related site. first i want to wish you from heart for the great effort you put in (dalal – street / screener.in) kudos to whole team. 🙂

    and regarding to the above post i guess your investment grew about 25+ folds i guess ?.

    i personally think Indian share market is 90% filled with gamblers and sky fall run chickens, but i am happy to see people with love for investing.

    i am a software employee by professional & loves investing.

    i give value to people who shares & cares about others, out of the respect for dalal-street team .

    i am making an request, i like to be a part of dalal-street team to what ever i can contribute to dalal-street team. (technically/investment wise).

    by the way, i want to buy dalal-street shares if available ?? or invest in the dalal-street brand as an investor too.

    i am 25 years old guy, working in Bangalore.

    • Hi Jitendra,

      Thanks a lot for the appreciation 🙂

      Yeah, being full time into investing, we love to study stocks and share them.

      It is wonderful to have your support. We are constantly working on new tools to make investing easy and more powerful. Will send you an email on how we can work together on technical end.

      We don’t have any company or brand currently, as all the developments are done at personal level and only for sharing/educational purpose.

      Thanks again for your support,
      Pratyush

      • jitendra k

        then one day by all the hard work – dalal-street team will be a shining brand

        good luck

  • Naveen Vaidya

    Hi Ayush,

    Which are the best stocks that I can buy now. Since market has come down from highs.

    Thanks,
    Naveen

    • Ayush

      Hi Naveen,

      The correction has been strong in the small cap space and several choices are coming up. So I think its better to keep a bit diversified approach as of now and increase exposure in stocks where you keep getting more conviction and insight.

      • Naveen Vaidya

        I want to pick up couple of stocks from the list mentioned. What do you say about Lumax and Narmada Gelantine

        • Ayush

          We like both the cos. However, buying should be based on your own homework and conviction.

  • Ramakrishna

    Hi Ayush,

    Please update the performance status.

    Thanks

    Ramakrishna

    • Ayush

      Yeah, its been pending for some time…will try to do by tomorrow

  • Ramakrishna

    Hi Ayush, any reason why caplin is a hold considering it is below your recommended price??

    • Ayush

      Hi,

      Due to the recent correction in small and mid cap space, several new interesting ideas have come up like – Kovai Medical, Astra Zeneca, Canfin etc and we are studying them. It might be better to see March qtr results of the co.

  • Hi Ayush, Big fan of your site, Kinda stuck invested in BNK capital, Wonder when it will start moving.

    • Ayush

      Hi Satish,

      As the underlying investments haven’t also done well, the stock has been a value trap. The movement in such ideas usually happens during bull markets when the underlying stocks also start doing well.

      • Lets hope for the best, Any plans for having a Dalal Street members meet in Bombay.

        • Ayush

          Will ping on twitter the next time I’m in mumbai…lets catch up 🙂

  • myprasanna

    Hi Ayush,

    This is great and you guys rock. When you enter a position, can you also tell us what % of your portfolio you are going in with? 🙂
    I think you guys are a genius and I want to treat you as a mutual fund and follow. Do you mind?

    Cheers,
    -Prasanna

  • Prashanth

    Ayush,

    Interesting to note that you have recommended Piccadily Agro. Went back to read your old post. Seems like a fundamentally good company. Are you playing for valuation here or do you see any triggers for the stock?

    What is your view on MPS post their acquisition of Element LLC? This will add a burden of 10crs on the balance sheet in Q1

    • Ayush

      Hi Prashanth,

      Piccadily has delivered a good Q4FY13 result and as per one of the recent announcement from the co, FY14 should also be good. Hence looking at the low valuations and good prospects, we feel one can buy to bring down the aveg cost.

      MPS has delivered inline with the expectations. The acquisition may help them in bringing growth.

      • Prashanth

        Thanks Ayush!

  • sairam

    Hi ayush

    please suggest me what should i do? if customize columns tab and manage watch list tabs are not working. Thanks

    • Can you please press “Ctrl + F5” and then retry? It will clear the old browser cache. Do let me know if it still doesn’t work.

  • Vivek Gautam

    Dear Ayush,
    Missed out on Astral Poly interview on making Big .What was the gist n new abt the interview .Wud be grateful if you could update on the same/

    • Ayush

      Hi Vivek,

      The link for interview is – http://www.makingitbig.moneycontrol.com/index.php#episodes

      The interview highlighted about the multiple challenges the co had to face initially and despite all that they have been a big success.

      • Vivek Gautam

        Cannot view the interview hv u seen the recorded version of interview? Vijay gawade too saw the interview n was deeply impresses with it. Said that Astral as such is a tight hold for long term. Besides his personal obstacles what were his view on Astral future n prospects ?

        • Ayush

          There was not too much discussion on future. It was more on the entrepreneurship challenges and the profitable growth the co has had.

  • Vivek Gautam

    Ayush Keenly await your analysis of Astral Poly latest annual report please.

    • Ayush

      The latest AR has been very good to read – the co has been making all the right moves – expanding product range, reach and building a stronger brand. The only concern is the big fall in the rupee.

  • Vivek Gautam

    Ayush what’s your take on Canfin home margins being lower as its parent Canara Bank fleecing it by charging high intt rate at base rate of 10.25% n Canfin have to lend it @ 10.75% . Ofcourse Canfin like other PSU will focus only on safe salaried class . Any hopes for Canfin sourcing more fund from NHB n other banks or sources at more competitives? Is this the crux issue for underperformance of Canfin?

  • ankur

    long tym no updates on the performance and status log!

    • Yeah, we will update it soon.

  • giridesh3

    Hi Ayush, Priyush,
    I know you like to analyze micro cap and small cap stocks and reccomend those. In the current market turmoil many strong Moat long term bets like Page Ind, Titan Ind, Asian paints, Pidilite etc are coming down. Although still expensive (PE wise) they are slowly looking attractive on DCF basis. We may get an opportunity of life time to enter into these stocks and build rock solid core portfolio. I will appreciate if you give your views and analysis on some of these ‘The Dream’ stocks.
    Regards,
    Girish

    • Ayush

      Yes, one may build some part of portfolio to these superb cos provided one has the visibility on their growth prospects in coming years….one shouldn’t be betting just because they have done well in past.

  • Nitin Mukhi

    I fail to understand why Bajaj Investment Holding Co. which owns ~30% of bajaj Auto and ~40% of Bajaj Finserv is selling for only ~8500 crore. Instead if someone independently purchases ~30% of bajaj Auto and ~40% of Bajaj Finserv, he will have to shell out ~21000 crore. Apart from these two mammoth ownership, Bajaj Investment Holding also owns several other investments on its B/sheet and the company is debt free.

    Can anyone explain the rational behind this mediocre valuation?

    • Ayush

      Hi Nitin,

      Such discounts are common for the holding cos as the value you are looking at is not going to be unlocked. So until and unless there is a trigger to unlock this value, the discount would remain there and one may have to face high opportunity cost.

  • Arun

    What about Cairn as a value investment?

    • Ayush

      Hi Arun,

      We don’t track Cairn closely but it looks good.

  • Manher

    How do you see NMDC and NBCC in long term.

  • Vivek Gautam

    Great calls n good hit ratio.Bravo. Keep up the good work.

    Seems good times are ahead for stock markets now after 5 years of consolidation in nifty n sensex terms. For last 1 year RE n Gold have given average to negative return for retail investors. Stock specific returns on the contrary have been very good in the same time which are all tax free for CG n dividends.

    Now more retail investors as such will come to stock markets n our choice of small caps will get more attention , price rise which will then capture the attentions of big players IMHO .

    What’s your take.

  • Ishwar

    hi, I have been looking at Power Finance Corporation for some time and started purchasing when the stock hit about 100 (my buy price after averaging was around 140).

    While the fundamentals of the assets (power companies) can always be questioned, a nodal agency such as PFC does come with a fair amount of advantages as well as a strong balance sheet (with an excellent track record to boot).

    I am not really able to figure out why the stock is being discounted so much and the value being so low. Can anyone shed some light around this?

    The earnings this year are on track for about 36 rupees per share (an increment of almost 13 rupees per share from 23 – makes it about 50 percent positive aggregation). We just had the results come out on nov 8th and the second quarter results are spectacular. This organization also ends up paying about 6 plus rupees dividend every year – which is also great.

    The current stock valuation seems to be deeply discounted. While I have been accumulating over the last 2 months, I am unable to understand the reasons why (apart from the low float for the organization, the uncertainties in power sector reform and other commonly mentioned reasons – which were also in play about 6 months ago). Can anyone provide their perspective?

  • thotapathi

    summit securities holding value crossed 800 crores in CEAT,KEC,ZENSAR mkt cap only 85 crores company increased syake in all holding companys in last 3 years profits now discount 90% can i buy more for targer of 150 with in year

  • Ravi

    Ayush,

    The number of stocks on hold and accumulate or buy in declines seems to be large. Typically how many stocks do you hold in your portfolio at a time? Just curious how you manage to stay focussed with so many stocks in portfolio.

    • Ayush

      As most of our stock picks are small cos, we feel its better to have some diversification and hence don’t advise allocation of more than 10% to an individual stock until n unless one has lot of insight and confidence.

      As part of our research, we like to participate and allocate smaller amounts to cos which interest us and we want to research further. Hence usually 15-20 stocks form our core portfolio while much more are there will smaller allocation for study purpose.

  • Ankur

    K G Denim has gown down quite a bit. Is it due to the last quarter earnings which were not as grt.

    • Ayush

      Yes, the last qtr was below expectations and hence the stocks has corrected.

  • Sujay

    Hi, What is your view on Graphite India Ltd.

    • Ayush

      Haven’t tracked it offlate but when I had studied it few years back, it seemed one of the better cos in the sector.

  • Augustine Jos

    Hello Ayush! Is Atul auto, accelya kale good buy at these levels? i see both stocks already had excellent run but valuation looks nice, thanks

    • Ayush

      Hi,

      Both the cos have done very well and have got re-rated by the markets. Both the cos have potential to do well from here also however, the undervaluation and margin of safety available before won’t be there at these prices.

      • Augustine Jos

        thank you!

  • Vamsi

    Ayush,
    A update to the portfolio would be greatly appreciated!
    Thanks, Vamsi

    • Ayush

      updation done

      • Vamsi

        Thanks Ayush! Of course from valuation perspective GRP Ltd does look attractive. But, You being confident of it, what has changed about GRP that would bring it back on track?

        • Ayush

          The Sept qtr was good in terms of coming back to decent profitability. So it seems that the co has been able to come out of its problems.

          Going forward as they would utilize their idle capacities, I expect them to do better. However, it may take time before material changes are visible.

          • Vamsi

            Thanks for your reply! Being a cyclical business that sounds plausible! However, Mr. Markets behavior and the sharp rise recently is as interesting to monitor as always.

  • abhay

    Ayush ,

    What is your view on Mayur at 350/ 15x LTM Earnings. Can some fresh allocations be made or good to book some profits?

    Thanks
    Abhay

    • Ayush

      Replied in another thread

      • abhay

        Got it, 1 more question, I am trying to come up witha fair multiple for Mayur. Using SOTP approach, doemstic business is 3-4% Net Income margin business.I am valuing that at 8x Earnings. Exports, on the other hand is 35-40% Net income margin business growing at 20%+. So very valuable, but not sure which comps to use – would you know of any other similar export oriented manufacturing companies that are doing quite well (AIA Eng comes to mind) and which could be used as comps. Thanks in advance.

        • Ayush

          I couldn’t get the nos you are using to arrive at the calculations. I don’t think domestic business yields just 3-4% net margins.

          Domestic business is also very good for Mayur.

          Overall the business is good because throws a lot of cashflows and has potential to maintain good growth going forward.

  • rajeev

    where i can see ur recommendation at right time i tried hard but i cant see plz guide me

    • Ayush

      Hi Rajeev,

      This is not a recommendation site. We just share our thoughts and ideas we are working on and you may follow the same by subscribing to the blog via email (its available at the top right of the blog)

  • Roshni

    Hello,
    Thanks for the list and recommendations.
    Am wondering if you still lookout for the stocks that are shown as exited. Is it possible that they have become worth buying again?

    Regards
    Roshni

    • Ayush

      Why not, we do usually keep a track

  • rajeev dadhich

    sir you are not giving any suggetion from past 4 month. is value stocks are ended in this high market. please provide suggetion. retail investor like me only dependenton you thanks……

    • Ayush

      Sir,

      Have done a blogpost.

  • Ankur

    Hi ,

    Just an observation
    Muthoot Capital is ‘Buy on Declines’ at Sr. No. 2 and at ‘Accumulate’ at Sr. No. 27.
    Thanks

    • Ayush

      Yeah, we need to correct that. There are two entries as we had recommended earlier and exited at 130 levels. Then recommended again at 80 levels

  • ashley rebello

    what is the expected target for accelya kale with a one year perspective.

    • Ayush

      We feel its better to follow the fundamental performance rather than think of price. Hence no specific targets in mind.

      • ashley rebello

        Dear Ayush,
        Thanx for the reply.
        What do you perceive of the fundamentals of the company.
        They dole out hefty dividends.
        Is it good for the company.
        The foreign promotors hold 75% of shares.

        Also what do you make of the fundamentals of GANESH ECOSPHERE.
        It has the largest plastic recycling plant in India.
        Thanx a ton.

        Ashley.

        • Ayush

          Yeah, its really good that the co is paying out dividends if they don’t need the money. Its a very good policy for the minority shareholders.

          Don’t track ganesh ecosphere.

  • A Z Qazi

    Long Term investment in Menon Bearing is it a correct decision?

    • Ayush

      Sorry, we don’t track the same.

  • Ramesh

    Hi Ayush,

    How would you compare the quality of Waterbase vis-a-vis Avanti Feeds? Would you recommend a entry at CMP? Have you seen seasonality in these kind of businesses? If yes, which are the best months to get into?

    • Ayush

      Hi Ramesh,

      Qualitatively I feel Avanti is a much much better co.

      At CMP, i feel waterbase is also attractive on the valuations.

      Yes, the business is seasonal and usually H1 is much better than H2 and Q3 is the weakest.

  • Tankrich

    Have you looked at Optiemus Infracom the sole distributor of Samsung mobiles in India ? Or La Opala RG Kitchenware firm from Kolkata ?

    • Ayush

      Hi Tankrich,

      Have you done some more work on this co – Optiemus? I’m hearing the name for the first time…will like to know more. Plz email me, if you have some details.

      On La Opala, had got in very early but couldn’t understand the story and got out early. Looks expensive now.

      • Tankrich

        Sorry Ayush but have not worked on Optiemus

  • CQ

    Is Balasore Alloys a good pick for medium term (6 -12 months) investing?

  • CQ

    Hi, Do you believe in Spic’s turnaround story. If so, is it right time to enter or wait for budget implications on fertilizer subsidies?

  • Usamah Burza

    What percentage of my capital should I expose to each stock as a rule of thumb?

    • Ayush

      Hi,

      We generally start with a 2-3% allocation after initial study/work on a stock. And as the insight and comfort increases, increase it to 5-7%. In cos where we have a good confidence and understanding we take it to max 10%.

      We feel its better to have a bit diversified portfolio while investing in mid and small caps.

  • sanu

    compuage infocom is a good value pick

  • yogendra neekhra

    Dear sir,

    What is ur view on below mentioned stocks at cmp ?

    Paper products
    Premier explosives
    Manjushree technopack

    C & C Contruction
    Jaihind projects
    Gammon india
    Shriram EPC
    canara bank
    Vascon engineer

  • yogendra neekhra

    Dear sir what is ur view on ramco system at cmp ?

  • Rajeev Dadhich

    Dear Ayush,

    i am reading your blog from past one year and follow your recommendations but i lacked in the percentage gain because from your blog i don’t know where to find current recommendation…as they seen in performance and status tab the stock already run 25% ..like anuh pharma…..please help me in this concern..
    thanks and regards

    • Invest_lish

      Bizarre ! will it help if someone open your account also and start putting money into it too?? common dear do some home work too

  • diwakar mishra

    where are the original recommendations ?

  • Aijaz Qazi

    Hi,
    What is your take on Tayo Rolls

  • harry

    Dear Sir,

    i am reading your blog from past few days but from your blog i don’t know where to find current recommendation…as they seen in performance and status tab the stock already run 25% ..like anuh pharma…..please help me in this concern..
    thanks and regards

    harry

    • Ayush

      Hi,

      You can subscribe to get email update whenever there is a new post. The option is at the top right of the blog.

      We are not providing any recommendation…just discussing cos and their fundamentals.

  • PKM

    Hi Ayush,
    What is your view on suzlon energy. is it good for long term?

  • Dhinesh N

    Hi Ayush,
    Why is Kwality Ltd stocks not performing well. What is wrong with its fundamentals that I am not seeing?

  • C.A. Navneet Kumar

    Hi Ayush
    What are your views on Bombay Burmah Trading Company?

  • jeyamurugan

    SREE RAYALSEEMA HYPO HITECH LIMITED… SRHHLTD… what is the present status… can i buy more this stock… or sell this stock…

  • amit

    how will recent sebi guidelines affect this blog. I hope you continue this blog as is by publishing disclosures of your actions, and making it explicit that they are not recommendations to buy/sell.

  • Chetan

    Ayush, Can you explain what made you sell VST Tillers? Good call though…

  • Sham

    where you post current recommendations?

  • harish matah

    HAPPY NEW YEAR . WISHING PROSPERITY THRU INTELLIGENT INVESTING.
    HARISH MATAH

  • Varesh

    Hi Ayush,

    I dont see recommendations updated in last 6 months, have we stop doing it? I joined this blog today only so not sure how to follow this blog for good recommendations or studies around good stocks? Kindly guide me plz.

    • Ayush
      • Varesh

        Thank You Ayush. I have joined this forum 2 days back and amazed with your stock picks and performance. As I am new to stock marking investing and trading. Would like to know from your side how can I proceed further to pick such kind of undervalued stocks going forward. I read lot of article, forums and books but with having so much of ratios in financials dont know what ratios to look while choosing any stock. Like EPS, P/E, P/B etc. Could you please kindly guide me further ?

        • Ayush

          Hi Varesh,

          Would recommend you to visit valuepickr.com. We have discussed about these aspects indepth over there.

          • Varesh

            Hi Ayush,

            Thanks for routing me to valuepickr. I requested for login Id,paws but no response yet. Also could you advise for beginner what could be the starting point there.

            Your help I this regard will be highly appreciated.

          • Ayush

            Hi, I have send a request for the approval of your registration. You should be able to access after that.

          • Varesh

            Thanks Ayush, I got aces to site now. Will go through the content and will let you know for any queries.

          • Ayush

            Can you plz share the email with which you registered?

  • Kiran Kumar

    Ayush,
    what is your view on MPS? there has been lot of discussion after Q3 and QIP decision.

  • ARYAMA NANDI

    I GOT SHARES OF dISHTV PURCHASED AT 82.50 WHAT SHOULD I DO NOW…

  • priya

    Hi Ayush,
    May i hold the SALONACOTSPIN for long term

  • priya

    hi Ayush,
    May i Hold the FALCONTYRE for long term

  • priya

    please reply

  • subbu

    Hi Ayush, Greetings!! I found this website when I was searching for fundamental stock analysis in google few weeks back. You guys are doing awesome, I was very late and regretting on not able to find this blog 4 years back.. Thank you for all your recommendations. I know it is difficult to find value picks at this market highs. Do you have any plans to publish any new stocks in near future.. All the best!!

  • nitin r

    Ayush – Haven’t see an update on this for last 8 months – can u kindly provide us some updates.

    Also which of these stocks do you own now at present?

  • Charles Innis

    why aren’t ticker symbols readily available?

  • Chirag sheth
  • ashish

    where can i get current updates

    Refer me some good books on trading also

  • Giri

    Hi, we do not see any updates in this tracker since 11 months. Current price column is also not reflecting the latest information. anyhow thanks for the information so far you provided.

  • Chirag sheth

    HI
    Can you pls update on the duke offshore story..should we hold, buy or sell??

  • Supratim Basu Roy

    Hello Ayush , I can see the past performance 1 year ago… how do I get your latest recommendations ?

  • Vikas Singh

    view on snowman logistic

  • sachin kapadia

    sir this r all 2 yrs old data which r picks of 2015_2016?