So market still stares at 9000/- levels and our earlier targets of 9400-9600 are still intact.
However, again the mid cap and small cap stocks are hitting roughs and whenever stocks like Lycos starts hitting upper circuit we get skeptical. Stocks like Delta corp are up 70 % from Demonetisation and Brexit low. How come they are commanding such (more…)
So Nifty is knocking at 9000/– Historic moment indeed. Fantastic volatility, first the lows of 6800 during last Jan ’16 – Feb’ 16, Then it went to highs of 8800, after that, it again went down to 8000 due to demonetisation & Trump(On same day ) and after that, a straight forward bullish march to 9000/-
We at Shikhar capital were lucky enough to get these lows and highs correct even though we don’t speculate. But since we are low on capital we have to churn our portfolios to get some more juice. If capital allows we would love to keep our portfolio intact for years together.
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 the annual newsletter of Berkshire Hathway is out and has all the wisdom needed for a value investor
Since Indian markets are at their higher end of valuations and all the stock recommendations from Shikhar capita are doing pretty well, it’s become very difficult to recommend new stocks, However
we decided to decode warren Buffett’s annual newsletter and how we read it … (more…)
Jubilant food works is the master franchisee of Domino’s in India
Business- Selling world best pizzas to the second largest populated country.
It’s one of the Best business at the right time and right place, Dominos have now more than 1000 outlets in India. Selling millions of Pizzas daily. One of the key USP of dominos is it covers a large area by making more business in delivering the pizzas then selling in their joints.It helps them to cover a very wide area.