It is been a while I haven’t written anything about share market and it’s analysis. The market has been declining continuously and several shares fallen down with it.
Talking about today, Vishal Sikka, CEO of Infosys resigned saying he was under pressure and that made Infosys’ shares plunged to 10% or so. Now, it get’s us to a question, is buying Infosys is a good option? Well, maybe, or maybe not.
I guess Infosys buying for short term would be an option but when I see the trend of the share, it simply tells me that from past one year or so, the share is in consolidation phase and it is neither rising, nor falling. I just see it going up and down between 884 which was today’s low to 1095 which was high in past one year. We can say it can go up by some percent and then either break it to move up or go down from there or may fall from here to further down.
I see such shares as unstable and I am not comfortable to invest in these shares. I would rather not make profits than making losses.
Since I consider my audience a big part of me and this journey, I really consider your money as my own, I would say – do not touch this share.
Next suggestion would be to buy Adani Enterprise now at 112. This share has been trending up but a temporary jolt has pushed it down, the one we talked above and I am sure this will come up from this level very soon.
Talking about the holdings that we have currently, yes, with the falling market, it has also been effected but not as much as indices have.
I am still positive with the holdings we have and remember, share market is the game of patience, you need to be patient.
The portfolio looks like this now:
|Share Name||Bought on||Bought at||Sold on||CMP/Sold at||Percent Profit|
|Welspun India||2017/08/04||82.05||Hold||75.50||-8% (Floating)|
|Quess Corp||2017/08/04||897.95||Hold||893.95||-0.004% (Floating)|
|Indian Bank||2017/07/31||313.35||Hold||304.10||-2.7% (Floating)|
Please drop me email with any question that you might have