Banking Space

Banking stocks are coming under hammer for quite a few days.

Sbi and ICICI are touching new lows everyday. With inflation soaring high and oil price on the anvil its a difficult phase for them.

With liquidity crunch, high interest rate , low credit offtake coupled with slowing economy banks are facing moderation in their earnings.

We have to wait and watch , and enter the stock at right time.

Larsen & Toubro

L&T gave the robust fourth quarter results with net up 38%. It has also announced a bonus of 1:1 . This is the second one in 2 years.

It has moved up sharply for last 2 days. Hope it helps in reviving the sentiments in the capital goods space.

Apart from the diverse operations, it is now eyeing JV with Indian Railways.

Last month it hived off RMC business stating it as non - core and made a cool profit.

Mark to Market loss is partially recovered and hope to square off soon.

After long time

Sorry for not posting anything for a very long time. Truly I was really busy with my office work.
Hope to get sometime to devote here :-)

Budget is out and congrats everyone who has benefited from the tax exemptions. People in IT industry gearing up for lower salary hikes can get a little cushion from this exemption.

Short Term Capital gains tax has increased from 10 to 15%. Hope this helps in people investing for a longer time to avoid this tax.
But I doubt this will happen because of human tendency of earning faster without patience.

In current scenario that might happen because people are just holding on to recover their losses and not sell stocks at loss.

Most of you would have done your tax savings for this year.

Markets are volatile for past 1 month and half. Instead of avoiding the stock market completely people should continue investing in smaller amount and build a good portfolio for 2-3 years time frame.

Lot of stocks are available at attractive valuations.

Do you homework and be on track of your financial planning.

Happy Investing :-)