So, Nifty at the doorsteps of 9000, all the bears are hiding and bulls are on the rampage , so the tide is getting higher.The D mart IPO of 18000 Crores is one of the biggest and going to suck liquidity but who cares. 2008 bull market ended with Reliance power IPO, but before that DLF IPO (IPO price 1000 right now at 145 ) and Big Bazaar IPO (IPO price 1000 if I am correct and now n number of companies with god knows the complexity of valuations huh….). So are we on the cusp of the end of this run … we at SHIKHAR CAPITAL don’t think so…..(more…)
So,after a long time markets are above 8800. And again the cigar butt stocks are going to the stratosphere. It’s becoming really difficult to recommend stocks when the stock market are at the higher end of valuations, BTW we still believe we are on to 9600/- soon. At this point of time, we at SHIKHAR CAPITAL are “All In” as they say in Poker, With top recommendations include Westlife and Jubilant food works.