Author: shikharcapital

First my story –I am a teacher by profession and have a keen interest in Indian stock market. I love to do my own research and based on that like to write about companies and their valuations.I am a keen reader and have a special bent towards autobiographies.Two books which have remarkable impact on me are a) My experiments with truth- MK Gandhi b) The Fountainhead- Ayn rand

Last post……!!!

Beautiful swan cubs at the pond. Beautiful natural colored background with wild animals. Springtime.

Black Swans !!!

It has been a good year in Shikhar capital.  From a universe of thousand stocks we arrived at some very few stocks (Less than 10), and then the stories behind the stocks which we shared with our readers turned out to be philosophically right. The best part in this small journey was not the stock price but the conviction supporting the stories.

 

(more…)

Advertisements

Market commentary – Nov 2017 Markets top when you find no reason to worry ………. Be worried!!!

Just like 1929 and then 1987, and then 2001, and then 2008!!!

peter-lynch.jpg

So stock market is at all time high and there is so much gush of liquidity that all investors are astonished. Even after so much of FII selling, markets are at the top because of support from the domestic investors.  With every Mutual fund manager brainwashing for SIP’s the markets may have no dearth of liquidity in near future. Mutual funds which are 100% invested all the time are the happiest lot and fund managers who are or were waiting for markets to correct are having a hard time.

(more…)

Portfolio commentary New buy/sell Stocks– Nov 2017

As mentioned in earlier blog posts also, we have been seller of many of our stocks like Adani enterprise, Rain industries (Which now is multi bagger, though we have small holding left and will be initiating sell soon), Westlife development etc. (Mostly small and Mid-caps) and buyers of Reliance, Tata motors, Jubilant food works and Adlabs entertainment.

portfolio-2903909_960_720

(more…)

Future of Bitcoins and other Crypto Currencies….!!

So, Bitcoin is value or fad… or Tulip mania  ???

We say – 

“Biggest bubble of all time .. ruining people across nations, geographies, races and ages  ….’

btc

Above graph simply explains what bitcoin has grown into.  There is an intense competition between companies like Amazon, Google, Apple, Microsoft and others who every second are working on innovations, are strategizing on their future and then there are investors who bet invest on these companies and all of this takes decades.

(more…)

Nifty @10,000 “This time it’s different!!!”

  So, the market is at an all-time high, and we are inches away from Nifty @10,000/- Valuations of mid cap and small cap are so stretched, that some MF like DSP black rock has stopped taking new fund flows.

business-cash-coin-concept-41301

We at Shikhar capital started getting cautious at 9000/- booked lots of profits in mid and small at 9600 and now sitting idle.Lots of profits were gone into Tata Motors which is muted and  Jubilant food works which have rewarded handsomely after Q1 results. And now we remember the following quote by John Keynes

 “The market can stay irrational longer than you can stay solvent.”

(more…)

Why we are out of Westlife(Mcdonald’s)?

mcdd

Last week Westlife Development the master franchisee of McDonald’s in the south and west India declared their annual numbers. 

We analyzed the numbers and are not at all happy with them . its been years and years of losses and sales are marginally higher to around 900 crores. Marcet cap is around 4000 crore and we now getting nervous about potential returns from this stock.

We have accumulated this stock at around 160-175 and started selling it around 250 with last lot sold at 220 .

(more…)

Markets @Euphoric Levels… We at Shikharcapital sitting like lame ducks .. why ? why ? why ?

So for last one month markets are flirting at 9000 level to 9300 level and we are booking profits bit by bit.

triangle-bear-design_23-2147495368

We have booked some profits in Adani , Rain , Westlife , Escorts , Dewan housing etc and sitting on 15 % cash as of now. Some of the profits booked from small and mid cap like associated alcohol etc are plowed back into Reliance and Tata Motors.

So, it’s tough times as — “I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy. –Warren Buffett”

(more…)

Markets @9000/- and we have nothing to do ….!!WRONG!!

So markets crossed 9000 and we at Shikhar capital have nothing to do except waiting………………………………………………….

home.jpeg

For  killing time we are exploring company’s which are out of flavor or which wee have booked good profits. To name a few we are completely out from Associated alcohol, (more…)

@9000 we ran away … whats up with Shikhar Capital???

“It takes character to sit with all that cash and to do nothing.I didn’t get top where I am by going after mediocre opportunities.”

Charles T. Munger, Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger

“We both, Warren Buffett and I, insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.” – Charlie Munger

bok

We had got into 10% cash, booked some profits in Mid-cap names like Adani, Rain,  Reliance etc. and now we have cash and have nothing to do.

(more…)