FABULOUS-15 has started outperforming and now +0.56%. JUBILANT is very close to its all time high Rs 400 and company has demerged its Agri and Performance polymer business which would make current listed stock a pure CRAMS play and soon our target is expected to reach. MRPL has given a breakout while GSPL too looks good. There are rumours that Banking licenses may soon be announced and IFCI is one stock which would remain active. GUJ NRE COKE has started recovery. ADHUNIK MET is +5% from recommended price and this stock tends to surprise very fast. ONMOBILE would be the stock to invest if any of our pick achieves targets as results season volatility may make it happen soon. Even though % returns shown are 0.56%, for nearly 7 months we have been only 32% invested and on remaining 68% cash the interest income from bank at 6% added overall return are actually more than 2.5%.
| FABULOUS-15 TRACKER (Prices in Rs) | ||||||
| Stock Name | Reco Price | CMP | Target | % Weight | % Returns | Action |
| 3IINFOTECH | 87 | 67 | 118 | 2 | -23 | Hold |
| ADHUNIK MET | 110 | 116 | 152 | 2 | 5 | Hold |
| EKC | 156 | 134 | 189 | 2 | -14 | Hold |
| EMCO | 91 | 81 | 130 | 2 | -11 | Hold |
| GIC HOUSING | 92 | 117 | 150 | 2 | 27 | Hold |
| GLENMARK | 278 | 276 | 350 | 2 | -1 | Hold |
| GSPL | 98 | 102 | 125 | 2 | 4 | Hold |
| GUJ NRE COKE | 72 | 64 | 110 | 2 | -11 | Hold |
| IFCI | 54 | 58 | 75 | 2 | 7 | Hold |
| MRPL | 78 | 85 | 100 | 2 | 9 | Hold |
| NEYVELILIG | 152 | 160 | 196 | 2 | 5 | Hold |
| POWERGRID | 109 | 101 | 141 | 2 | -7 | Hold |
| SUZLON | 75 | 59 | 140 | 4 | -21 | Hold |
| JUBILANT | 325 | 375 | 450 | 2 | 15 | Hold |
| FSL | 30 | 29 | 38 | 2 | -3 | Hold |
| GREAVES COT | 286 | 338 | 352 | 2 | 18 | BP |
| SKUMAR | 41 | 49 | 70 | 2 | 20 | BP |
| ABG SHIP | 210 | 270 | 270 | 2 | 29 | BP |
| Total | | | | 32 | 0.56 | |
FIIs churn holdings - raise stake in JUBILANT ORG - http://www.thehindubusinessline.com/2010/07/13/stories/2010071352331000.htm
FSL showing breakout and more upside possible in the stock
- Be just 32% invested and don't do averaging for the sake of that.
- Don't average if 30% dip is not seen after your purchase, averaging should be considered time-wise also.
- At least 2-3 months must pass before you buy again in a dip.
- As we hold a view that Sensex below 13000 in 2010 can be possible so avoid aggressively and leveraged positions.
- This market is a bear market which can cut both ways, it is always difficult to mint money in such market and it is better to be an investor and accumulate.
- Being correct in market is difficult so we have invested 32% so that in case of market rally we don't miss the opportunities.
