Market will tempt you to go all in. Tempt you to buy extended stocks which will be running like they have no limits. But the moment you get sucked in they will start falling. You will feel hopeless looking at recovering indices while portfolio has no improvement. But why did you expect portfolio to recover with indices? If you do not like stocks in portfolio then exit and buy what you like but there is no point crying about that. If you exit without understanding and buy something new then also you will end up with same situation few days later.
They are into business of transformers, electric motors, magnet technology machines and drives & automation system.
Company has posted highest ever quarterly revenue last quarter but since margin dipped EPS is not highest ever. All these old economy capex focused businesses are coming back to life after a long time as we have been talking about.
As you can see long term picture of BBL is stunning and after highest ever monthly close since 2009 this will be a multiyear breakout. Such trades sometimes try to throw you out only to run later.
On daily you can see stock has sharply bounced back from our SL level. Just hope it does not break it and starts upwards journey from tomorrow.
They are into business of trading power. But main story is India’s third power exchange after IEX and PXIL called Pranurja.
Pranurja is backed by PTC India(25%), BSE(25%) and ICICI Bank(9.9%). Now regulation demands that PTC India and BSE reduce the stake to 5% or less gradually. Since both are already exchange themselves and owning big chunk in another exchange would be major conflict of interest. With PTC India selling stake in Pranurja there can be good value unlocking apart from their core business of power trading.
Earlier SL of PTC India was 111 which you can revise to 106. As earlier shared it is a multiyear BO and such patterns deliver great returns provided we manage to stay in the trade.
There was dividend of 2 Rs per share which you will receive. As you can see it makes sense to have slightly lower SL than 111 that we earlier picked.
Above two stocks come from Power Industry. Energy as a whole is buzzing for a while and as things stand it will continue to have substantial mindshare. Thus, we should keep looking for trading ideas in the segment.
Before deciding anything, do your due diligence and run the stocks through checklist. Do let us know your feedback in comment section.
Disclaimer: Posts on the platforms of BN are our perspective on the market. These are purely meant for learning purposes. The perspective provided should not be construed as investment advice or solicitation to trade. We may have positions in the stock mentioned. You agree to make no trade relying on the above contained information fully or partly. By using the content, you agree to these T&Cs.
Exited today following 111 SL.