87 IPO FINDER YOU ARE RIGHT. WE SHOULD APPLY IN TIRUPATI AS THERE WILL BE VERY LESS ALLOTMENT AND WE WILL BE IN A POSITION TO REUSE THE MONEY ONCE AGAIN BEFORE COAL INDIA. BEST ADVICE DEAR.
Some people dont want to get it subscribed more Guys mark my words, it will be the best among all the IPOs current GMP 8-8.50 very very small IPO
Promoter is CA and part of ICAI. Only good IPOs have the courage to close their IPO for QIB one day before the retail . so that the retail can paticipate seeing the QIB participation Some very big operators are active in this stock due to the size of IPO here chances of making money are very very high Apply in full blast.Enjoy!!!
Boarders,Please tell me how to apply for Tirupati Ink Ltd FPO,i have two demat account(ICICI direct and india infoline),but this FPO is not available in IPO section of both to apply.This looks a good profit booking issue and i dont wanna miss this ride.Expert boarders gemipofinder,sj,sreedhar,ravi bangalore,pls advice about how to apply online in this FPO
I THINK TIRUPATI INK..IPO HAS TO BE CANCELLED.BECAUSE MGMT IS NOT INTERESTEDTO SAIL IPO.NO ADVERTISE IN PAPER..NO AVAILIBALITY OF FORM NO GMP MOVEMENT.
I HAVE ICICI DIRECT ACCOUNT, BUT NOT FINDING TIRUPATI INC IPO OPEN IN IPO SECTION. IS IT THAT I CANNOT APPLY FOR THIS THROUGH ICICI DIRECT? PLEASE ADVISE.
I use ICICDIRECT.com ; why Tirupati Inks is not showing as option to apply ?? Its only IndoSolar that is there under the link 'IPO' ... any idea, dear friends? Or for FPO, its a different process?
Any body will tell you that markets are overvalued based on current PE. It is at 20 PE if i am not mistaken
But if yous see the weightage Real estate has underformed. Next two qurters for real estate will be good.
Same for infrastructure
Cement stocks have not moved
Cement boom starts after rains are over that is from october
Metals are neutral.
Oil marketing will rise further
Power which was underperformer will now perform better once projects start commisioning next two quarters
Tata motors after JLR Nos. and bajaj auto will rise further Autos always move duri ng festive season
IT is neutral.
So there are sectors that have still not move and will move now.
Corporate earnings will be 25% plus for last two quarters of FY10-11.
Maybe september quarter will be not that encouraging as growth is going to taper off a bit in september because of high base effect
So on average 25% growth for FY10-11 is expected.
So PEG ratio that currently is PE/EPS Growth is 20/25 that is 0.8
PEG greater than 1 is overvalued
That means NIFTY fair value based on forward FY10-11 full year earnings is :
Based on 16 PE fair value for nifty is 5350
If you take conservative PEG of 0.9 and not 0.8 that is not too much to ask if GDP average will be 8.7% for FY10-11 and monsoons so far are good and inflation will taper off a bit from highs.
than Fair value based on FY11 earnings on conservative side
Is 5350/ 0.9 = 5945
So 6000-6200 is not too much to ask by dec 2010
As you know market always discounts forward earnings.
Now markets in bullish face tends to get overvalued and when bearish get undervalued
In 2008-09 market average PE in bear cycles was supposed to be 10-12 PE based on historical data.
That means SENSEX should not have fallen below 10000-12000
Then why did they go to as low as 7000.
You will never get markets at fair price. That is ideal scenario ideal scenario never happens in market. That is analysts dream but even they know it never happens.
So if it goes to 6200 i will not be suprised in current environment
In US there are mid term elections
OBAMA will again put stimulus package in october if DOW goes below 10000 again. Even Fed has indicated second round stimulus.
So there might be a correction and then stimulus package will lead to rally in US markets
However as i had posted before My prognosis is in 2011 June economy will bottom out again.
Stock markets that anticipate it before will crash in March-April 2011.
Developed markets will start depression and not recession.
Sub prime loans were just trailer
ALT-A and OPTION ARMS and commercial mortgage and credit card losses have yet to be written off and will come due in 2011 march.
Fed will not be left with ammunition and will ask banks to write off these bad loans which will lead to depression.
It is good that you are cautining people now.
But trading right now and booking profits at higher levels is not bad to play this rally rite now
Nifty floor is now at 5350. Something really has to go to bad to soon for it to break that.
Markets never crash by informing you or when every body talk about crash or double dip recession
It crashes always when environment is hyper bulllish.
That scenario has not come yet and is only expected first half of 2011 according to me.
However retail investors should not build a long term portfolio now
They should wait for another crash next year. Till then they can buy dips and sell higher with stop losses.
Regards
Setu
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Disclaimer: These are my personal views and what i have adviced to my clients on general market scenario. Boarders are adviced to use there own research and analysis. I am not responsible if people lose opportunities or suffer losses based on my analysis.
The PE ratio is touching maturity level under normal conditions of the market. Nifty has doubled from its bottom levels (since October 2008). “Will the history repeat itself ? Whether this happens or not, we need to be cautious on this front. We are now watching if the range-bound coiling development leads to an uncoiling into a big fall, as it did during ‘2007?
At Nifty (5760) P/E 24.32, Price/Book 3.78, Dividend Yield 1.05% Source: nseindia.com INDICES Tab, STATISTICS Option
Historically, Nifty has been considered and shown instances of being oversold below 16 and overbought above 22. Most of the time Nifty traded around 18 P/E. Nifty has had a crash after getting above 22 and have rallied after touching below 15. Only bubbles can push it higher towards 28+ & only during bubble phase Nifty became oversold below 11 before bounce-off. Such bubbles happened during ‘1992, 2000 and ‘2008, which were 8-year cycle tops. It takes 8 years to build a bubble. Bubbles have never been seen anytime soon (beofre 2016?).
In normal market, it is observed Price/Book tops are placed above 3.75 & bottom below 2.75 (between 6.55 - 2.12 in bubble phases).
It is observed that most of the data points in the Dividend Yield value lie below 1.85 during peaks. Any values beyond this range has obtainable only for limited periods. A yield of 2.65% was available during bottom. Only during blow-out phase Dividend Yield seen at 0.82 (peak) & 2.24 (bottom).
These are real historical data and are neither fiction nor anyone's opinion. From now on, no one needs to try to find out where the market highs and the lows may form and why by using some common sense. However, the word of caution needs to be repeated here once more! The market can and it will remain significantly overvalued / undervalued in raging bull markets and extreme bear markets respectively for significant periods. Never jump the gun! Just keep the powder dry.
TECHNICAL OUTLOOK
At Nifty above 5770 (today 5796), it is trading above 3rd Resistance in monthly chart- i.e. Most Extremely High Trading Range.
It is not a very good situation to madly buy for long term. Its a time when euphoria is at high point and it can take markets a little further. So you can jump in now with short term perspective, not long term !!, because markets may fall in some weeks or months . Expect it! but don’t force it !!
Many retail investors do not learn things, they do not do any research, and they do not go and read blogs or tons of informational sites. They just want tips from others and make money.
The above valuation guide is just the considered opinion and is not any fundamental truth. One may consider, reject or ignore the stated opinion. One may also examine the effect of rate of growth of profits on the above ratios by looking up for PEG Ratio.
This information is offered for information purpose only.