Thursday, May 30, 2013

Adding Selected Realty Shares In Portfolio

After booking profit in TGBL and Cairn India now I am using my cash reserve in portfolio to buy selected fundamentally strong realty stocks at attractive valuations.Already have Rs.84344in portfolio as reserve and 5 stocks in holdings.Initially started portfolio with Rs.100000.
Now adding DLF(203),JP associates(66) and Sobha Developers(390) and Oberoi Realty(235) all with equal weightage of 10% in portfolio worth Rs.40375 purchase.So my cash reserve will be reduced to Rs.43969.This is biggest addition to my trading portfolio in recent times
I expect ahead of upcoming monetary policy by RBI on june good realty shares will continue uptrend. Most probably this time there will be a cut in CRR and Repo too.So this is right time to pick trading bets

JAI CORP85117REALTY10%607020

Thursday, May 16, 2013

Buy JM Financials For Longterm

JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors.

The Group has interests in investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC (Non Banking Finance Company) activities, private equity and asset reconstruction. While each of these businesses is independent in itself, they share the Group’s belief of trust being the most important factor for the organisation. The values of integrity, teamwork, innovation, performance and partnership shape the corporate vision and drive it to its purpose. 

Former Citigroup Chief Executive Vikram Pandit is buying a stake in financial services company JM Financial Ltd, JM Financial said in a statement on Thursday.

Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking license, the company said.

India is in the process of issuing new bank licences for the first time since 2004, and numerous companies are expected to apply. Pandit will have the right to buy shares in the proposed bank.

JM Financial said it would expand its lending and financing businesses by issuing $100 million in capital to funds raised and managed by a firm led by Pandit.

JM Financial, one of India's largest domestic financial firms, also said it would set up a fund jointly with Pandit's firm to buy distressed assets. The fund is targeting an initial capitalisation of $100 million.

Pandit said he had known JM Financial for more than two decades. "Given the opportunity, JM Financial can provide the banking and financial services that the country needs," he said in JM Financial's statement.

Pandit and his business partner, Hari Aiyer, will buy a 3 percent equity stake in the financial services company through an issue of warrants, the Indian company said. JM Financial has a market capitalisation of Rs.2000 crore

Currently JM Financial is trading at Rs.23 with PE ratio of approx 35.In regards to Vikram Pandit stake buy I assign a long term bullish view on the company with a target of 50 plus

Wednesday, May 15, 2013


Add Hexaware in Core Portfolio
Hexaware is Indian mid sized IT company with a approx market cap of Rs.2500 crores.They have expertise in Enterprise solution,Infrastructure Management Services and exposure to Banking and Financial Service,Asset Management and Capital Market,Insurance Service,Healthcare and Life Science etc

The promoters currently holds 32% stakes and FII holds nearly 42% stakes in the company as per January-March quarter.More over Hexaware is Zero debt company.

Hexawares  consolidated income rose by 16 per cent to Rs 507.68 crore in the January-March quarter of 2013, from Rs 438.29 crore in the same quarter of 2012.The global headcount was 8,670 by the end of March 2013.
For the entire 2012 — the firm follows January-December fiscal — Hexaware had a net profit of Rs 327.64 crore, and revenue of Rs 1,948.17 crore.
Hexaware Technologies, a leading player in IT, BPO and consulting services  announced that it has secured a large contract worth potentially $177 million over a five-year term.
Hexaware has been associated with this leading U.S.-headquartered multinational company for several years. Through this contract, the company has a potential $100 million worth incremental business while extending existing business worth another $77 million over the course of the five year agreement. While it is an existing customer for Hexaware, this client also is a leading business process outsourcing client for Caliber Point Business Solutions, a 100 per cent wholly owned subsidiary of Hexaware.

At  current rate of Rs.80 the stock is trading at PE ratio of 8 with a fair valuation.So I initiate a buy call on Hexaware with a target of 120-130 range in next one year

Wednesday, May 1, 2013

Booking Profit in Cairn and Tata Global

My recent buying in Trading portfolio is doing good now.Bought 35 Cairn @ 290 in 5/3/2013 and 80 shares of TGBL @ 130.Now selling both scrips at 310 and 150 respectively.So just booking Rs.700 in Cairn and Rs.1600 in TGBL as market is around 6000
Now I have 10850+12000 and old cash reserve of 61484.So latest cash reserve is Rs.84334
For old details of trading portfolio check here

JAI CORP85117REALTY10%657605
     TOTAL VALUE35940
     TOTAL 120274