Dear Sreedhar, Bajaj Corp did it again today. I sold today at an average of 740 and covered at 727. I don't know how long it will move like this. Is it due to selling pressure once it reaches a certain level? Anyhow as I sell daily only a part of my holdings even if it doesn't come down after going up, its okay for me.
It is nice company but the problem is valuation, that appears to be a bit on higher side. It does not deserve the valuation of Nestle or HUL because of high dependency on only one product. If it is able to sell all other products, then valuation gap could be bridged. Investors need to wait for 2 - 3 quarters before comparing this with Nestle.
Investment in 2 - 3 instalments could be better strategy instead of trading with stop-loss.
I am still holding 15 shares in bajajcorp which i bought at 767. I would like to sell it as soon as the price reaches that level. Any idea about when it will reach that high. In contrast it is going down day by day.
Or is it good to book loss at present level?
I sold other bajaj corp shares on the listing day with premium.
Dear Sreedhar, I am selling a part of my holding in Bajaj Corp daily in the morning and covering it in the evening which has almost reduced my losses in it. How long it will show this pattern? Ravi, Bangalore has analyzed this pattern to a nicety.
Daily, buy SKS Micro & sell Bajaj Corp, preferably after half-an-hour of opening i.e. after 9:30 a.m. Some days you may incur loss, but after one or two months you make profit.
If you sell Rs.10,000 worth of Bajaj Corp, then, you should buy Rs.10,000 worth of SKS Micro- eg: today SKS LTP 1260 & Bajaj Corp LTP 724- then buy SKS 8 nos. & sell Bajaj Corp 14.
Remember, you should not get disappointment with one or two days loss. You should have conviction and continue for more than one week.
Market makers does not know that you have bought & caught. Hence, no use of grumbling, daily watching ticker & getting desperate etc. If you sell, then, it will rise very next day.
PE RATIO OF BAJAJ CORP IS LOWEST. 9 RS. EPS FOR THE I ST QUARTER OF 2010. DABUR PE - 41.04 GODREJ CONSUMER - 46.75 COLGATE - 25.61 PROCTER - 39.96 GODREJ IND. 79.07 MARICO IND. 31.54 HIND LIVER - 26.11 IF YOU CONSIDER 40 PE RATIO, BAJAJ CAN GO 36X40=1440
i used to receive the refund of all the applied ipo through post....till now i have not received the bajaj corp. refund...is any body received the refund of bajaj corp. through post?????? if so when did you received....???? thanking you
Dear Sreedhar, Have you also gone out on a tour like Gem? No information! By the by, I sold 75 shares of Bajaj Corp today in the morning for 754 and then covered them by market close for 721 and earned around Rs 2250. If I get two more chances like this then Bajaj Corp will start giving profits for me.