Again the forex gains played up heavily on TCS results by almost 25% of the Q2 standalone net. The irony and a sad fact. Ok, lets make some money! An exemplary result by beating the anal**ysts' estimations.
An operational Net of 5486 odd Cr. and an eps of 28.6 clearly makes TCS a much safer bet till the bubble bursts!
Considering the 3297 Cr of standalone operational Net last quarter as a base, the Q2 result firms the TCS position as nummer eins, numero uno in the IT sector.
The situation is so rosy for IT sector and this affirms my stand on TechM. I am expecting a scintillating performance by Anand Mahindra & Co and an interim dividend announcement on the D-Day (yet to be announced, and I hate this delay.
Certainly, it is a perfect foil for an aggressive intraday trader on thursday, and a much safer investment till next quarter...I feel this'll continue till the next election as our rulers are finding innovative ways to bring down the rupee value.
Disclosure: I don't have any holdings on TCS, as I feel the bubble got so big. I am waiting for the burst/leakage to enter.
Tuesday, October 15, 2013
Monday, October 14, 2013
Some more calls, a bit late!
Ya, there was a silent buildup in the real estate last two weeks, particularly Anant Raj( 41 to 51 in a week) and Unitec (16 to 19).
I may enter Anant Raj, as it has broken the resistance of 50 and was traded well above the 5 day moving average. I may sit on the fence of Unitec, and watch a while.
And TechM has proved my conviction. Will be riding on it till this year end. And the Q2 FY14 result, which may be tintillating, owing to the real muscle power of the combined(MSAT + TechM) Entity, and sadly to the forex gains.
I am disclosing one more entity from my watchlist, Alembic pharma..., has made a run from 130s to 170s. One can enter on correction below 150.
Pros : Strong fundamentals, clear balance sheet, and streamlined growth makes it a better prospect for a long term investment. Will follow up with stats on the same.
I may enter Anant Raj, as it has broken the resistance of 50 and was traded well above the 5 day moving average. I may sit on the fence of Unitec, and watch a while.
And TechM has proved my conviction. Will be riding on it till this year end. And the Q2 FY14 result, which may be tintillating, owing to the real muscle power of the combined(MSAT + TechM) Entity, and sadly to the forex gains.
I am disclosing one more entity from my watchlist, Alembic pharma..., has made a run from 130s to 170s. One can enter on correction below 150.
Pros : Strong fundamentals, clear balance sheet, and streamlined growth makes it a better prospect for a long term investment. Will follow up with stats on the same.
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