As per the fundamentals of this company , price of Rs. 700 to 840 is reasonable price. However the scrip today closed at Rs. 938 and hence profit booking is suggested, at least partially
The Group has received around Rs. 20000 cr from Reliance group. So it will be effectively used in other businesses. However merger and restructure will take few months, and till then the scrip is showing weakness. If you can hold for few months even during decline, then better hold. With this much large funds, the focus of the company will be changed.
Still scope for rs 20 fall. Yet no one knows bottom so buy 50% now and balance 50% either at Rs. 860 or at Rs. 900.
CAMS and Chemcon are fundamentally strong. I expect the market mood to improve at the time of listing. The persons who apply in IPOs and who trade in the secondary market are somewhat different and hence oversubscription will not be the issue and listing in positive zone for these 2 IPOs may be seen.
HDFC AMC one of the best stocks is just nearer to its bottom. So if you want to invest Rs. 20000 in this stock, start buying in 4 lots, so that even if the price declines marginally, you get benefit. At this price , there is very little scope for decline
In near term, I expect the scrip to be in the range of Rs. 18 to 24. However if you are willing to hold for 5 years, I expect the scrip to be in 3 figures.
All the bank and finance stocks are in correction phase. This company is also considered one of the finance related stock. More over fresh fund flow to the mutual fund is drying up due to weak economy and businesses. Funds are being withdrawn from the mutual funds since the investors across the spectrum are facing severe liquidity issues in their businesses and their households due to salary cut/ retrenchment. Hence natually the business of this AMC is also affected.
When we discuss long term view, we have to consider fundamentals and from fundamental angle, both the scrips look very attractice. However in today`s market, such factor has very less weightage. so donot be greedy to hold these 2 scrips only for fix percentage of profits.
No uptrend in sight and bank nifty and bank stocks are for erosion for next few weeks.
Generally performance of pharma funds has been disappointment since last 3 years. However since last 4 months, pharma scrips are showing some rise and NAV of pharma funds is also improving…. yet not much home.. you can retain this fund for another 4/6 weeks for higher NAV