Friday, August 20, 2010

Fabulous-15 Update

GSPL is nearing the target Rs 125 and we should take profits in that stock at CMP Rs 118. Now we introduce two more stocks into the portfolio to make it 30% investment. IDBI (Rs 131) and TATA ELXI (Rs 252) are looking good as investment and we would add them for 2% each with targets of Rs 170 and Rs 320 in mind. Now there are 14 stocks in the portfolio with 30% invested.

FABULOUS-15 TRACKER (Prices in Rs)
Stock
Name
Reco
Price
CMP
Target
%
Weight
%
Returns
Action
3IINFOTECH
87
63
118
2
-28
Hold
ADHUNIK MET
110
119
152
2
8
Hold
EKC
156
119
189
2
-24
Hold
EMCO
91
67
130
2
-26
Hold
GLENMARK
278
277
350
2
0
Hold
GUJ NRE COKE
72
61
110
2
-15
Hold
MRPL
78
81
100
2
3
Hold
NEYVELILIG
152
170
196
2
12
Hold
POWERGRID
109
104
141
2
-5
Hold
SUZLON
75
50
140
4
-33
Hold
JUBILANT
325
331
450
2
2
Hold
FSL
30
27
38
2
-12
Hold
IDBI
131
131
170
2
0
Hold
TATAELXI
252
252
320
2
0
Hold
GSPL
98
118
125
2
20
Hold
IFCI
54
62
75
2
15
BP
GIC HOUSING
88
122
150
2
39
BP
GREAVES COT
286
338
352
2
18
BP
SKUMAR
41
49
70
2
20
BP
ABG SHIP
210
270
270
2
29
BP
Total



30
-0.19

Add:

Interest @ 6% for 8 months
4.00
Total % Returns
3.81
Annualized Returns %
6.53

About New Entrants:
IDBI http://www.idbi.com/
IDBI Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India.  They have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. As on March 31, 2010, the Bank had a network of 720 Branches and 1210 ATMs and plans to roll out another 300 branches during FY 2010-11.  The Bank's total business, during Fy 2009-10, reached Rs. 3.06 Lakh Crore (up by 41.7 %), Balance sheet reached Rs. 2.34 Lakh Crore (up by 35.5 %) while it earned a net profit of Rs. 1031 Crore (up by 20 %). IDBI Bank holds a significant stake include NSE, LIC, IDFC, IFCI, NSDL, CARE, ARCIL and SIDBI to name a few.

TATA ELXI http://www.tataelxsi.com/
Tata Elxsi Limited is a technology company of the Tata Group in India. The company has a team of nearly 3500 engineers and designers and is headquartered in Bangalore. The company’s core practice areas cover embedded product design services, industrial design & engineering, animation & VFX services, and systems integration services.


  • This is just a model portfolio.
  • Be just 28% invested and don't do averaging for the sake of that.
  • Do not 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 28% so that in case of market rally we don't miss the opportunities.
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