Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Investor is the King

with 85 comments

I am aware its not quite the case yet. Over time marketers and companies have been forced to shift from haughty to service attitude as consumer has become the King, not by coercion but market forces alone, so I thought, why not investor.

In the past it has bothered me – as to how to prevent ingrate promoters – beggars who pleaded for money during IPO – from taking advantage of small investors. How to counteract an ordinary micro investor being taken for a ride by well heeled promoters. Depending on how hot headed one is, an investors funded forum could get drone planes from Israel, remotely monitored from another continent, with poisonous darts and video/gps relay to selectively eliminate miscreants or follow the relatively more peaceful democratic approach. ( Drone planes may better be utilised for Indian politicians instead – is likely to do greater good for bigger numbers).

While I am a non-vegetarian so far, I know that there are animal rights activists and even I have had thoughts in the past to prevent slaughter of animals by opening a non-profit cooperative fund which is funded by sale of milk/eggs of same animals/birds and their own work and income during younger years, so they could die respectfully, and live of pension from same fund during older years. To do that, it would take decades of work and thousands of motivated individuals.

Those assumptions can become redundant in a flash by a new idea or discovery. Few months back I came across a game changing idea, in which artificial meat could be produced by stem cells in the lab by Dr Mark Post (http://jezebel.com/dr’-mark-post/ http://www.mate.tue.nl/mate/showempcompl.php/1618  http://www.youtube.com/watch?v=PYQWR3aC5g8) Guys, that shatters my neanderthal idea as shamelessly uncommercial, and it is scores on many other counts, no animals required, frees up land, no methane etc.

Similarly, last night when a friend of mine informed me that he recently sold a share at a loss due to slickness of nefarious promoters, I thought of what could we do short of slaying or suing them. An idea that occurred to me yesterday was Investor Rating Agency.

Investor Rating

Companies, listed or unlisted, need to get rated under Basel norms by one of the rating agencies for access to bank funding. SEBI has shallow reporting requirements for equity investor complaints.

How about an independent investor rating agency, which tracks score of equity investors in any listed company. While I am calling it an agency, it is essentially only a couple of people with software hosted on web. If SEBI does not buy the idea, too bad for them. The idea needs to be sold to either CSDL or NSDL. As a fundamental step, any shareholder should be able to vote online with Demat Account details, this can be verified with actual demat holding with NSDL/CSDL. For a minimalist start, an algorithm can compute ratings on a scale of A through F depending on aggregate score of investors in a listed enterprise (Promoter Rating will not count). I feel it can be a very light software with just an integration requirement, or two factor authentication, can be written by one or two persons in a couple of months.

Banks need to contemplate whether promoters who rank an F rating on Investor Score, and promoters having fixation to steal the money of equity investors – are not exposed to same risks of losing their funds to bandit gene pool. Would merely ratings by faceless credit rating agencies who have no money in the game suffice ? Isn’t the predicament of banks similar to minority investors ? It would at least encourage transparency and candour if not significantly increase dividend payment across the whole market. That day shall come drone plane or no plane.

Written by amitdipsite

May 18, 2012 at 10:54 pm

Posted in Uncategorized

85 Responses

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  1. Hi Amit,
    Nice idea, one hitch though is this idea's outcome and success would have to depend on the collective intelligence of the investor pool to decide if a promoter is indeed what they make him out to be. Not sure if the pool would be intelligent enough in right time.
    On similar lines i like the idea behind the site footnoted dot com. Broadly, they go through the regulatory filings and give due diligence report on the company and promoters based on that, only for US market i guess. check them out, if you haven't, already.

    Regards
    Raja

    Raja Panda

    May 19, 2012 at 3:23 am

  2. Interesting idea Amit… However I also agree with Raja Panda since often a retail investor's benchmark is whether he has made money or not and not whether management has performed well… For eg if there is a well run company in the Infra space which has seen value erosion of 40% because of govt policy inaction then many retail investors will vote against the company… Sometime back I had read that there are organizations in US which advise mutual funds, hedge funds and individual subscribers about various company policies including what resolutions should be voted against since they are detrimental to minority shareholders…

    Sajeev

    May 22, 2012 at 8:22 am

  3. Thanks for your views Sajeev and Panda. If we could ask 3-4 multiple choice questions like reasons for rating, lack of communication, poor dividend, performance of stock etc. that could deal.
    ————————————————–
    I'm selling out Cochin Minerals at small profit – no intention to continue research on it, too many variables.

    Amit Arora

    May 25, 2012 at 6:59 am

  4. Cravatex has just announced result .I could see that international revenue generated this quarter is 74 Lakhs compare to 1321 Lakhs generated last quarter .Do you have any clue on this??

    umang

    May 25, 2012 at 12:47 pm

  5. Hi Amit,

    RS Software has reported good numbers, so any update in your views regarding the same?

  6. Hi,

    I am pretty comfortable with RS Software at this price and growth prospects.

    Cravatex Q4 results key points:

    – Q3 results were 80 Crore consolidated revenues, which in Q4 is 60 Crores, i.e. exports are lumpy

    – Consolidates sales up from 92 Crores to 240 Crores (160% growth) while consolidated profits from 6.8 Crores to 9.2 (35% growth) Crores

    – Given that all FILA shops are in loss and all but profitable ones will be closed in consolidation phase, results are OK for a fast growing retailer.

    Amit Arora

    May 25, 2012 at 8:43 pm

  7. Points I missed were:

    – A one time charge of 0.77 Crores

    – One positive side, capital employed is only 64 Crores in Q4 from 63 Crores in Q3

    – Rs depreciation caused cost of goods purchased

    Amit Arora

    May 25, 2012 at 9:16 pm

  8. Amit..

    Had that one time charge of 0.77 crores been not there.. profits would have been higher by the same amount. Any idea on for which reason that 0.77 crores were charged???

    Sandeep

    May 26, 2012 at 1:40 am

  9. Hi Amit

    Globus spirits also announced its result yesterday and at first look due to “deferred tax” item,results are not good.

    Whats your view?

    bb

    May 26, 2012 at 9:59 am

  10. I have yet to find out, main reason is Rs depreciation and cost of importing goods with weak Rupee, and loss on all FILA stores, not so much 77 lacs. Employee cost 8.8 crores to 20 crores.

    Amit Arora

    May 26, 2012 at 10:06 am

  11. Hi BB,

    Alcohol prices are set once a year and NP margins have reached a historic low of 5.5% for the company, things will look better soon. Continue to like this company.

    Amit Arora

    May 26, 2012 at 10:15 am

  12. Hi Amit,

    Yor views on Photoquip results are highly appreciated. As usual their topline has grown but not the bottom line.

    Do you still like this company?

    vel

    May 26, 2012 at 11:06 am

  13. Today I went to a Jockey store and was surprised to see new product line for boys and girls( age group 5/7 to 12). My initial thought was wow! these guys are doing a great job and this is a great stock to own. But munching on this I am kind of thinking are these guys have exausted the reatil boom and are forced to try out all kinds of options to keep the topline going? Same is the case with Titan venturing in to wallets/belts and even helmets! Same with pizza guys/coffee shops introducing nemerous new products. Same question have these guys exausted the boom or the second leg of the boom have begun?

    vel

    May 26, 2012 at 2:45 pm

  14. 🙂 That all depends on your expectations from your portfolio. Consumption growth is likely to continue in these type of stocks. But you need to ask, are you looking for 25% return 100% return or 1000% return.

    I personally don't want a 10 bagger in 10 years, I want 2 bagger in 2 years

    Regards

    Amit Arora

    May 26, 2012 at 10:02 pm

  15. GO through plastic furniture collection of Herman Miller, POSH, Eero Aarnio, an uplifting experience.

    http://www.eero-aarnio.com

    http://www.hermanmiller.com/products/seating.html

    http://www.posh.com.hk/en/products

    Then traipse through the thick mud of Supreme Plastics, Nilkamal

    http://www.supreme.co.in/html/products/mouldedfurniture/mouldedfurniture.htm

    http://www.nilkamal.com/Furniture.aspx

    One category is passionate about design, another is nuts about Kilograms of Plastic Extrustion Product sold per annum.

    Amit Arora

    May 26, 2012 at 11:39 pm

  16. Hi Amit…

    Need your advice on Titan industries at current level… Given that high Gold prices do you think that the company would be able to grow by 25-30% for this fiscal… Lot of buyer are shying away from the physical Gold or atleast deferring their plans to buy. Also please enlighten us on TCS part and how it might impact the company.

    sandeep maddali

    May 27, 2012 at 10:33 am

  17. Also there is a high possibility that the govt might do something to curb Gold imports to defend rupee and improve our fiscal deficit in which case there will be huge impact to Titan's revenue's going forward.

    sandeep maddali

    May 27, 2012 at 10:34 am

  18. Adding to this, Wim Plast had great result not only in this Quarter but from last several quarter but it seems market has still not rewarded this company.

    Are there nagging concerns about this company?

    Thanks

    bb

    May 27, 2012 at 1:10 pm

  19. Hi Amit.

    What excites you about Globus Spirits?

    I was quite impressed by its move to brand IMIL offerings in northern states of India,the co. has captured significant amount of market capture,not sure on the pricing and the profitability front,don't think its any bit exciting as prices are fixed by the government. Could you throw some light on the same.

    Secondly, could you help know about the company's performance in IMFL and other segments? IMFL is quite competitive,how is the company pushing its brands?

    Nikhil Moryani

    May 28, 2012 at 2:25 pm

  20. Hi Amit,

    Please suggest what should one do with Cravatex now?
    If Rs depreciation is the prime reason for decrease in bottom-line, then it should only go from bad to worst in this quater, where Rs was almost making new lows everyday…
    Should one buy the stock at 550 or so levels, or wait for Rs to get stronger?

    Kunal Banker

    May 28, 2012 at 4:22 pm

  21. For all I know the stock could go to 200 Rs also.. But I have not sold anything, only people who buy relaxo at 520 sell and 200 and who buy Cravatex at 799 sell at 400. I just suck in the bad moments and live through them.

    I am sitting on a house in New Zealand which has appreciated ZERO percent for last five year. I have same attitude towards this share. While they are expanding too rapidly, i.e opening store and hiring aggresively. There is no reason they should not do 1000 crores sales and 5% margins in 3-4 years.

    Amit Arora

    May 28, 2012 at 8:32 pm

  22. Interesting to know abt that Amit. What's the reason of no appreciation of your land according to you ?

    Jatin

    May 29, 2012 at 6:14 am

  23. Taking about house; Peter Lynch advices to buy a house before buying stocks. But the irony is if you buy a house it is very difficult to meaningfully invest in stocks!

    Whats your take on this?

    vel

    May 29, 2012 at 9:31 am

  24. Most people make money in houses but not in stocks, its evident from the reactions of quarterly results. House prices are not quoted and don't trigger panic. House prices have grown 4000 times in India over last 40 years in Delhi/Mumbai. Millions of people can say they made crores of Rs in houses. Houses are still good investment in upcoming townships. There aren't more than 10 shares in India or 5 in USA that may have done 4000 baggers in last 40 years – 50 years. Millions of Indians have done 5000 baggers in real estate. 8000 Rs house in 1960s to 4 crores.

    Whereas, fewer stocks are good investments and even fewer people make money in stocks. We tend to pick stocks for 1-2 years whereas house for long term.

    Amit Arora

    May 29, 2012 at 9:41 am

  25. Hi Amit,
    Are you saying that a small investor should rather buy an aparment/house/land and steer clear of stocks? A small investor like me does not have too much money to invest and will you advice me to not touch the market and instead buy a home for the long run.

    Mike

    May 31, 2012 at 6:39 am

  26. dear amit, do u have any brokerage reports on RS software ?

    Aditya

    June 1, 2012 at 3:45 pm

  27. Hi Amit,

    Do you track Globus and j&k bank now?.. Any problem with globus?… stock is hitting 52wk low

    Bijoy Joseph

    June 2, 2012 at 5:12 am

  28. I believe market is beating it dowm because their Q4 results were not impressive. PAT is down 28% inspite of 77% growth in topline ( 201203-201103). For me over-all on a yearly basis it was good. Topline growth of 46% and bottom-line growth of 15%( if you add back the depriciation else 2.4%). Also the point to note is their topline is growing because of volumes and I believe that some brand switching is happening. When I compare this with Page I get more or less similar performace in terms of topline and bottomline growth for the past 5 yrs. One is quoting at 50 PE and the other at 5 PE. May be market is confident on Page much more than on companies like Globus. Amit, your views on this is highly appreciated.

    vel

    June 2, 2012 at 1:48 pm

  29. Thanks for your views, markets vision in most cases is only 100 metres away, fortunately, otherwise we would not be making five baggers in five years or less. Financial models suffer from the disease of imagination deficit disorder – equivalent of ADD in financial industry.

    Margins have compressed and alcohol is hard due to price regulation by Govt. in India, but that indirectly protects our wealth as well..Absolutely, I am with you. Someone with 10 years horizon may expect to afford below normal returns for 3 years in Page, so I am not in views of Page any longer. I would prefer MCX 2:1 over Page currently, its all about alternative opportunities available.

    Amit Arora

    June 2, 2012 at 7:58 pm

  30. Thanks for your reply. I will appreciate if you can answer my below off-track question:

    Most of us invest in stocks/other assets using the savings from our salaries. That means they devote half of their time to their employers and can only devote the rest(minus time for families) to investments. For somebody who has to start from ground zero it is essential to work for atleast 10/15 yrs to accumulate a sizable amount to invest, no choice here! But once the corpus becomes sizable do you think its a good idea to focus only on investments and give up the job. Doing both seems to be the worst choice but we usually take it as our best choice. Whats the reason for this? All succesful investors/entrepreneur/career-minds have focus only on one thing. Can one succeed focusing on both? Also what is the level of Salary to investable networth one can decide to give up the job and focus only on investments? I am convinced on your idea of having 50 times the annual expenses in stocks to claim one's finacial freedom. But in reality its a long hard task. Take this example if you work for 20 yrs with 30L salary you take home 4.2C and if you save 50% you end up with ~2C. If one's expenses are 10L per annum no way he is gonna get his financial freedom with out proper investments. So does one need to decide on stop working once you achieve a sizable investment corpus and focus only on investments? I am thinking on this terms for some time now and thought to check with you on this. Thanks for your valuable time.

    vel

    June 3, 2012 at 3:50 am

  31. Hello Amit,
    During ongoing market turmoil which stocks are in your radar? Have you short listed any small/midcaps which one can consider to add gradually as market declines.

    Regards,
    Amar

    Amar

    June 4, 2012 at 5:44 am

  32. Amit,

    Globus spirits is slowly increasing their debt. The current debt stands at ~123 cr! Do you see this as a concern or they are deploying it effectively? Thanks.

    vel

    June 5, 2012 at 10:15 am

  33. Thanks for asking the question but there will be different answers for personality types. If one has a hobby, why not have a hobby as well as an investment career too. So you can wear many hats and be passionate about all of them. You can choose to buy stocks that require 1 hour work a day rather than 4 hours.

    – Man having come from infinity can never be satisfied until he/she gets infinite wealth and happiness. Until that time we can get away from people & things we don't like and closer to people and work we do like.

    ————————————————–

    Globus Balance sheet looks like a commodity steel mill company. There might be a Bhushan Steel of 2004 in there.

    Amit Arora

    June 7, 2012 at 12:02 am

  34. If I ask you will you be satisfied with 1 Lac Crores INR at 2012 prices, you will say sure, more than enough. Its all relative to our current understanding.

    What is 1 Lac Crore compared to – seemingly impossible – power to create universes at will in an instant with being living in them (of which we think of only 1 known universe with 100 billion galaxies), would you choose former or latter. Or a more mundane planet on physical plane where each citizens normally has few solar systems as vacation homes.

    Amit Arora

    June 7, 2012 at 12:14 am

  35. Aluminium Poisoning

    http://www.drpepi.com/aluminum-poisoning.php

    Unfortunately NONE of the cookers from Hawkins or TTK Prestige are safe. Their Classic Cooker range is aluminium alloy and Stainless Steel cooker range has only 1mm steel with 4.9mm aluminium sandwiched in them. In a few months steel wears off.

    http://www.hawkinscookers.com/1.1.8.hawkinsSS.asp

    Also check your de-odourant and anti perspirant for presence of aluminium. Its leading cause of breast cancer in women. Iron, Copper is safe or Stainless Steel for cooking, or ceramic. Feel free to add if you have more information.

    Amit Arora

    June 10, 2012 at 12:09 am

  36. Death by drinking liquor are the most… Than why you have recommended Globus Spirits?

    deepakps

    June 11, 2012 at 8:35 am

  37. Take it easy mate. I am not “recommending” any stocks here, its just an opinion. Death by illicit liquor not Globus Spirit's liquor or by excessive consumption.

    Lets just say I see difference in company selling Euthanasia equipment vs company selling anti biotic treated fruits and prefer former.

    Amit Arora

    June 11, 2012 at 10:12 am

  38. Hi Amit,

    Can you throw some lights (your opinion) on following stocks –
    1) Cravatex
    2) Sanghvi Movers
    3) Dewan Housing Finance
    4) Biocon
    5) Delta Corp.

    Appreciate if you answer.

    Thanks,
    Elton

    mystics

    June 11, 2012 at 2:19 pm

  39. Hi Mystic

    Cravatex June results are not likely to be good because of Rupee Depreciation against Yuan. Higher this chart goes, lower the profits
    http://www.xe.com/currencycharts/?from=CNY&to=INR&view=1Y

    Sanghvi Movers, have heard good things about management, steady business.

    Dewan Housing, can do 20% growth but not 30%, like it. But it will begin lending 20% loan book to developers and LAP which is deemed more riskly, albiet with higher interest rates. Like all housing loan companies, LICHF, GRUH, DEWAN.

    Regards

    Amit Arora

    June 11, 2012 at 9:08 pm

  40. Mr Arora,

    Take a bow. I have thrown all my alumunium utensils out. Shifting to SS with copper base

    I know in India, folks buy a pressure cooker and use it for decades.

    'In a few months steel wears off'- this sends a chiling fine down my spine.Does that explain the higher rise of cancer in India. In Tier 2 and 3 cities, cancer incidence has mushroomed in recent past

    Regards
    Sid

    sidhartha

    June 12, 2012 at 12:46 am

  41. Dear Sid,

    Have you found any pressure cooker with 100% stainless steel (not aluminium bonding) and no aluminium sandwiched in base – Copper is OK ?

    Indian food like Rajma/Kidney Beans are hard to cook / take longer without pressure cooker. Even non-stick surface is not safe bro. We have one cooker left, last week I broke a Hawkins Cooker – Classic range and using Stainless Steel stew pot with copper base now. I need to find out some 100% stainless steel pressure cooker, one such site is here http://www.pressurecooker.com.au Consider replacing aluminium foil with paper towel.

    I don't think cooker is primary or only reason, de-odour ant, junk food, pesticides, processed food etc although I am not sure what is the reason in Indian cities. NZ govt is promoting 5-a-day fruits and vegetables http://www.5aday.co.nz

    Regards

    Amit Arora

    June 12, 2012 at 9:03 am

  42. Thanks Amit for your reply.
    I am least worried for now about the profit going down for cravatex as long as it's topline continues to grow….

    I am also thinking of buying a big chunk in delta corp..your thoughts?

    mystics

    June 12, 2012 at 2:21 pm

  43. I agree with your comments “markets vision in most cases is only 100 metres away” . This is true in case of Indsil Hydro , when Renewable Energy Certificate(REC) registration announcement made by company it was quoting at 32.This is going to give company free 10-12 crore PBT per year without investing a penny .Registration is valid for 5 years and need to be renewed after that. Now , this counter is trading around 23-24 around (25% down), because smelter division posted some losses (overall company posted profit) . A blogger has put his analysis on http://value2wealth.blogspot.com . Some of the figures shown looks unbelievable, I have not verified those stats yet.

    Sunil Gupte

    June 13, 2012 at 1:08 pm

  44. Hello Amit,
    I am a software engineer with not much experience in finding out good stocks. I get to know about the stocks from reading online.

    I read from your blog that an investor should do his own analysis as well.

    A humble request : Can u give me some directions (e.g. Resources to study) so that i can be on my journey to be an expert like yourself (a small fraction :))

    sanjay

    June 14, 2012 at 2:16 am

  45. Hi Amit,

    Did you ever got a chance to look at jbf industries?.. really cant understand market giving such low valuations.. appreciate your thoughts..

    jm

    June 14, 2012 at 5:13 am

  46. Hi Amit

    “I am pretty comfortable with RS Software at this price and growth prospects”

    Could you elaborate a bit on this,

    also came across this

    (http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=535573)

    what do you think of that, a newbie here

    rgds

    Harold

    June 15, 2012 at 9:42 am

  47. Hi Amit…

    After some recent research and analysis i am believing that the below companies can give 150-250% returns in tne next 2yrs due to growth as well as PE expansion… i need your view on these and suggest if to avoid any…

    Dewan housing –around 150 levels
    Indiabulls finance — around 215 levels
    Infinite Computer — around 93 levels
    HSIL — around 130 levels
    Jain irrigation — around 72 levels
    Cravatex — around 500
    Relaxo footwares — around 450 levels

    Please let me know if u have concerns/issues with any of the above which should help in further curtailing the exposure to bad businesses.

    Also there has been no new updates/finds from you… any interesting small cap in mind??? Eager to know.. i m sure u will be able to find one giving the turbulence in small cap valuations lately… waiting for one good find from you🙂.

    Sandeep

    June 16, 2012 at 9:18 am

  48. Amit Bhai…Eagerly Waiting for your response on this🙂

    Sandeep

    June 17, 2012 at 10:35 am

  49. thnx🙂 I've read many articles about him and his style of investing.
    My first book to study is : one up on the wall street
    🙂

    sanjay

    June 19, 2012 at 2:24 am

  50. Amit,

    How about this: If 1500 customers(assuming they spend ~1L)can team up, they can buy Photoquip and give themselves what ever discount they want🙂

    -vel

    vel

    June 19, 2012 at 10:57 am

  51. Amit …

    Your views on Simran farms…. quoting at 9cr mcap with 229 cr sales and almost nil debt… seems a no brainer to me… only concern is low promoter holding and they are not interested in hiking their stake even at this screaming valuations

    Sandeep

    June 20, 2012 at 1:14 pm

  52. Amit,

    In the persuit of multi-baggers, sometimes I feel I am getting lost and buying Good companies at wonderful price than Wonderful companies at good price. Did you ever felt this way and whats your take on it?
    Are the multi-baggers discussed here in the likes of Cravatex,Photoquip, Globus Spirits, Puneet Resins, Cera, Wim plast, Gujarat Reclaim…the list goes on…are good companies making in the wonderful companies list?

    Recently I analysed a company Mazda; an engineering company growing decently available at ~40 cr market cap with cash/cash equalance of ~18 cr and a divident yield of ~3%. How do you look at such oppurtunities…will buying such companies will ever make one rich? I am confused between value and paying up for excellent business…
    -vel

    vel

    June 22, 2012 at 3:02 am

  53. Hi Sandeep,

    Not following it any more, but Venky's is better in this industry.

    Amit Arora

    June 22, 2012 at 6:43 am

  54. Vel,

    On 28th September 2007, Sensex closed at 17,291. After 5 years of Zero returns, FDs have done significantly better than Leading Indian Companies in aggregate.

    If you got in 2008-2009 you would have done very well.

    I have never meaningfully bought a company over 500 crore market cap and it has worked very well. This road is fraught with high volatility and also dry sand. Large and small Engineering companies disappoint in general including Mazda, Veljan Denison, Patels Airtemp, GG Dandekar, Cenlub, Fluidomat etc due to one time nature of sale. NBFCs are the growth sector likely to do as well as expensive consumption sector.

    Look at the returns Cera, Wim Plast, Gujarat Reclaim have given over past 5 years, which you have questioned, whether they have put top 30 index to shame or not. Not to forget TTK, Symphony and Cravatex, Page which were cheap. We have to learn to avoid dud stocks like Mazda over time through thought experiments, imagination and tuition fees.

    I am pretty comfortable with cheap names at 3PE like RS Software although at time FMCGs are reasonable prices are fine like Bajaj Corp.

    Regards

    Amit Arora

    June 22, 2012 at 6:59 am

  55. Hi Amit,

    I have seen a lot of queries on your portal related to Photoquip. Considering there was a time when you felt very strongly for this company (not implying that you recommended/asked people to buy it) and it was one of your favorite for so many reasons however in recent turn of events, the way it is performing and looking at the share holding pattern, it appears that you have sold your entire stake in Photoquip.

    Can you please give your final disclosure on this stock?. Do you still believe in it's story like you used to?
    What do you think about it now?

    thanks,
    mystics.

    mystics

    June 22, 2012 at 11:03 am

  56. Thanks Jatin for your reply.
    I think there is no harm in deploying some extra cash in the anticipation of events/future potential.

    mystics

    June 22, 2012 at 11:04 am

  57. Hi Amit,

    I'm trying to understand the logic behind ruppee fall.doubt over indian economy?.. Probably not much..Ruppee is falling only in terms of dollar not to yen,pounds or euro for that matter.Isn't US more in trouble than India even at the curren state?. So why cashing on dollar?. NRI's,including me were depositing every single penny back to india. roughly 3.2 billion dollars in april alone. Crude is around $91 which means fiscal deficit would be coming down which would have been a positive for ruppee. Fed has been printing dollar like anythin and most of the US companies are sitting on billions of cash. Consumer spenting hasn't kicked off even with low interest rates in US.. It seems when the consumption increases inflation in US would go up and then fed would have to hike rates.. May be this is one of the scenario which would help ruppee.. I'm kinda lost on this subject.. Would appreciate your views..

    Any idea on Gruh finance?.. Thanks.

    kittu

    June 22, 2012 at 6:08 pm

  58. Hi,

    I am holding Photoquip in less quantity than previously mentioned 8 stocks.

    Once they intend to pay dividend with sustainable increase you will see me holding more than 5% of Photoquip in shareholding pattern

    Kind regards

    Amit Arora

    June 22, 2012 at 9:57 pm

  59. Do watch and support this

    http://www.satyamevjayate.in/issue08/

    Partially explains rise of cancer in India

    Amit Arora

    June 26, 2012 at 10:27 pm

  60. Trading profits in Atul Auto, Manappuram Still look good. Thangamayil as well.

    Amit Arora

    June 26, 2012 at 10:29 pm

  61. Amit..

    You mean to say that still some more steam left in Thangamayil, ATUL and Manappuram in the short term??

    Sandeep

    June 27, 2012 at 1:26 am

  62. Intec Capital is falling for the last 3-4 days. Any idea if there is anything wrong with the stock ?

    iamvinod

    June 27, 2012 at 6:17 pm

  63. http://www.fibre2fashion.com/news/daily-textile-industries-news/newsdetails.aspx?news_id=112708

    “In the last nine months, JHT has launched 69 new retail products and 57 new commercial products worldwide”

    http://www.clubinsideronline.com/archives/showpreview.php?articleID=61209

    Amit Arora

    June 30, 2012 at 10:49 am

  64. Hi Amit,
    whats scope do u see of Concierge service market in India. Globally its a 2 Billion $ industry now.
    http://www.prweb.com/releases/concierge_services/personal_corporate/prweb9092086.htm

    Jatin

    June 30, 2012 at 6:32 pm

  65. Hi Amit,

    your a very dedicated investor.. started goin thru all your blogs.. gems of wisdom i would say.. Below is my portfolio as of now. Haven't added anythin for sometime.Most of them are bought way back. Please lemme know your comments.
    1.hawkins
    2.atul auto
    3.jbf
    4.cravatex
    5.glodyne
    6.photoquip (less than 5%)
    7.zydus

    Planning to add cravatex after next quarterly results.. page industries & tree house (tentitive)..

    kind regards..

    bij

    July 1, 2012 at 5:00 am

  66. Hi Jatin,

    Not so impressed with it as its not an essential service and attracts lots of brains unless we seen an opportunity clearly.

    If there is an organised play on house cleaning, office cleaning that would be mega multibagger. Read story of rags to riches Indian couple who cleaned houses in New Zealand and then opened same business in India. Yes rags to Riches, they will employ 3000 people in India

    http://www.crestclean.com/india/

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10803495

    Amit Arora

    July 1, 2012 at 5:45 am

  67. A2Z with its waste management can come under this criteria.

    Have you ever made a PE investment before?

    Jatin

    July 1, 2012 at 7:04 am

  68. Cool !

    http://www.medianewsline.com/news/135/ARTICLE/9460/2012-07-03.html

    “Fila also plans to open 100 exclusive stores in next 3 years through franchise route”

    http://www.indiaretailing.com/news.aspx?topic=1&Id=6585

    Amit Arora

    July 3, 2012 at 9:40 pm

  69. Pro Fit Distributor of Miha Bodytec in India..
    http://www.miha-bodytec.com/miha/index.php/home-in.html

    Jatin

    July 4, 2012 at 9:12 am

  70. Hi Amit,

    Photoquip is going up on huge volumes! Any news or development there?

    Thanks,
    vel

    vel

    July 5, 2012 at 4:06 am

  71. Prefer to wait until they have paid dividend twice.

    Regards

    Amit Arora

    July 5, 2012 at 4:09 am

  72. Sebi asks top 500 companies to provide e-voting facility http://bit.ly/No22EL

    We can write to SEBI about the Idea of ratings by Investors too! Sooner or later they have to do it.

    Rahul Paliwal

    July 14, 2012 at 4:06 pm

  73. Fantastic, some day politicians also need to come to this platform for no longer than 6 months contract and prove themselves every hour of the day.

    Amit Arora

    July 14, 2012 at 11:03 pm

  74. Whats your view on page industries and yes bank ?

    Cud they be multibaggers still for next few years?

    Vivek Gautam

    July 29, 2012 at 7:26 pm

  75. IMO maybe 10 bagger in 10 years. In my opinion no investor should buy Banks in too much quantity. 10 in 10 maybe yes, but not 5 in 5 years. I have never held any stock for 10 years, so I like to shoot for latter.

    Amit Arora

    July 30, 2012 at 6:02 am

  76. a month has gone by waiting for an update!🙂

    MSKAPIL

    August 17, 2012 at 4:47 pm

  77. http://www.researchbytes.com has introduced Investor Communications ratings! a step forward

    http://postimage.org/image/z772xglkz/

    Amit Arora

    October 21, 2012 at 12:29 am


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