HONEST ANALYSIS OF OUR RESEARCH AT THE END OF 01 YEAR PART 1

HONEST ANALYSIS OF OUR RESEARCH AT THE END OF 01 YEAR

PART 1

1.         It has been a almost a year since I first started writing this blog for friends. It would be prudent to analyse where we stand w.r.t our recommendations.

2.         Though the time window of 01 year is extremely small for making a judgement on our LT picks and also considering the fact that the year 2011 – 2012 has been a forgettable year as far as the markets have been concerned, we still need a honest evaluation.

No	Period	Stock	MP	Advice given when recommended	CMP	Div given during this period	Remarks
1	Dec -10	Alok	25	Value but Debt issue lingers	18	50 ps	Fundamentals intact. Continue to maintain target of 31 – Exit from real estate will be the trigger. Accumulate
2	Dec 10	Patni	460	Wait till it drops below 400	450.		Patni touched 284 and then rose back to 450. If you picked at drops below 400 as advised , book profits
3	Dec 10	Anant Raj	115	Value stock	46	60 ps	Real estate market has been thrashed. But company offers value in the real estate space . Wait till interest cycle corrects. Went Totally wrong on this call
4	Dec 10	SJVN	22	Value	22	80 ps	Hold – Exc results . Good growth
5	Dec 2010	Navin Flourine	270	Value	340	Rs 8/50	Book profits (30%)
6	Jan 11	Piramal Healthcare	470	Cash great	360	Rs 12	Market sentiments . Accumulate on dips
7	Jan 11	Balmer Lawrie	540	Value pick	545	Rs 26	Accumulate

In part 1, we have to acknowledge that we really went wrong on the real estate space. This could be due to the lack on knowledge and foresight on issues pertaining to macroeconomic fundamentals.  Book profits where recommended. Piramal healthcare, Balmer lawrie and Alok continue to be attractive. Buy as SIP. Navin and Patni have returned excess of 25 % and 11 % resp. in a falling market. So exit them after booking profits