Dear seenuipo,
I or any honest advisor speaks about infosys and how it made 2000 1 crore is because infosys or sbi or reliance have set benchmark of investment and patience.
You are right there exists mushrooms of compnies once business model works but you have to figure out the real diamond from glasses. I'll give my example. I started trading as full time and inevesting as part time in 2008, Feb. It was time when everyone was going ga-ga on reliance power ipo. My father was a branch manager in Union bank, mother works in Bank of Baroda but I oped to buy Andhra bank! I researched and knew about it's wonderful result and 20% dividend coming up. Even thugh I didn't knew in those days dividend is paid on face value, I brushed aside sbi, bob or union bank or those days darling icici just because in 2008 andhra bank posted best results. My purchase price was 80. After that market crashed thanks to Junior Ambani's rpower and world economy disturbance and for next 15 months my price of 80 never came. I holded and holded that share. In between I got 2+2+5+5 didivend. In just 15 months company gave me 1/5 of my capital so no regrets. Than big upswing came in market and Andhra bank went upti 160s. I didn't sell that time too. And in between I got another dividends of 15 rs. Now it's trading at 140s, I will get another 7 rs in June as dividend. Whatever price it goes, I'll keep this forever.
Reason for above long story, do your research and don't jump into conclusion just because others are doing so. I did not invest in MOIL or PSB knowing that MOIL's 7 out of 12 mines are operative and can be closed anytime as there is no guarantee how much maganese ore will earth produce in future. Another reason is environment cases pending against MOIL. As for PSB, it has many miles to walk before making it's name. Having said this, if MOIL gets closed govt will surely keep interest of investors on priority. But if VMS gets closed who will you catch? Bottomline is, people are pouring in money for making fortunes overnight just because some xyz company gave 70% returns on listing.
Those who made money yesterdat in Aanjaneya, 90% of such people don't even know what company do. There are people who were advising to buy TECPRO but they all spelled it TECHPRO. There are people who don't even know where Career Point is situated and bidded like there is no tomorrow. People spell Punjab and Sindh bank instead of Punjab and Sind. Just because Jhunjhunwala had stake in A2Z, many jumped with money to subscribe A2Z. This is todays story, just a 4 months old shares taken for example. Same case happend during IT dream run. Who is to blamed?
I see people losing money and prescious things and blame servents, relative and even friends. but when they "by mistake" lose wallet or gold ring, they blame luck. Have you ever seen anyone blaming himself? Answer is no. And for this reason that it's about my money, honey, I spend some extra hours in research and don't just go by QIB or brokers reports.
I'm invested in Innoventive knowing that it's share is down 20%. I bought further shares at 87 just because I have faith in my research and company I have choosen. My portfolio has peculier compnies which most of you have not even heard of, they are not DLFs or JayPees or Ambanis or what that wind energy company is called, forgetting it's name... I have Bosch, Honeywell, Wyeth, Motherson, Agro tech, Sadhbhav, Andhra Bank, Satluj Jal, Phoenix, NMDC, PFC, HCL tech and a few more. These are just protfolio shares and I never see price of these shares come what may. I have faith in these companies and from 2008 till now my investments have grown 6-7 times. I will be looking to add oriental bank when it's price comes at buying levels. I should further warn readers that these stocks in my portfolio are not for buying advise as all these have grown multifold in past 2-3 years and may go down anytime as there is no surity on future so don't take it as advise of buying.
As for IB power, you stated, I was never in favour of power stock or any stock that govt controls like metals, mining, oil and power. And if you closely see all these sectors have not moved and rather are at lows even when sensex went to 21000 from 7000 in last 3 years. Power stocks, like IB or GVK or Reliance power needs time and patiences. Right time to buy these stock has not come and by the time it'll arrive, there will be stiff compition. You may ask why Satluj Jal in portfolio? I should 1st warn everyone that Satluj Jal has a fixed life and is in contract with Punjab and Himachal and recently with Bhutan. 5 years down the line there is no order for Satluj as of now and it'll die after 5 years. But in these 5 years every new project functioning will boost share price.
So to sum up, you have to do homework before putting money at stake. If you can't do that, you as in general IPO janta, stay away from market and let it be playground for those who loves to risk money. When you buy a LCD or Home or Car, you research as if you are spending your whole wealth in these items but when you subscribe in an IPO, you see QIBs, past record of IPO market ot just subscribtion numbers and don't even know what the company do!!