Skip to main content

India update and stock finds

Since my last posting on "seeking alpha in Indian market", my recommendation "Teledata Informatics" has increased nearly 40% in 2 months (from 47 to 65+) when BSE sensex has moved only sideways. Similary my last year's recommendations (Aptech) is doing great and just crossed 260+. I wish I can start some type of hedge fund focusssed on Indian market and apply my "alpha" finding skills:-)

My another prediction about SSE Composite Index crossing 3500 has already came true. It is trading at 3560+ as of Monday 4/16. IMO it is getting way overheated even to my taste. But momentum is very strong and I won't be surprised if it crosses 4000 by year end but along the way there would be lot of volatility.

Here is another "alpha" stock in India market:

Zee news:
This is spinoff from Zee entertainment mainly focussed on news in various languages. There are many news only channels in India (NDTV, Aaj-Tak, Doordharshan and so on) but Zee is one of the most recognised channel in India and has extensive reach. We Indians are also crazy about getting latest news and in many shops, some of these channels are on for most of the day. As an indepedent company, market has not realized full potential of Zee news and at current price of about 40 rupees, it offers great potential for significant returns (and hence alpha). My target price is 100 ruppes by Dec 2008 returning 150% in 21 months.

(Discliamer: I own small quantity of Zee news which I bought at around 38)

Next few weeks is going to be busy with my MBA final paper/homework submissions coming - looking forward to wrapping up spring quarter and having break for summer

Comments

Arup Bhanja said…
Hi Shyam,

Its great to come across such invigorating research in finance after much searching.. found your blog on rediff money while searching for comments on teledata - I bought some quantity at 47 [Feb 07].

I am currently in my CFA and I found your research and insights great for my taste.

Lets keep in touch. My website is at arupbhanja.com [you can get my email address there at the bottom].

Regards,
Arup Bhanja
ClearWater Technology,
Bangalore, INDIA.
4:57 AM
Unknown said…
hi shyam,
nice to see your blog especially your equity research part. Shyam, I am a software engineer with deep interest in equities. I need your opnion on 4 stocks viz.

1. Teledata Info
2. SRF Ltd.
3. Arvind Mills
4. Paramount Communications.

As per my calculations if I enter in at current prices, I can expect good profits within a span of 1-1.5 Yrs.

am I right?
expecting reply.......
ravisharma8680@gmail.com
4:10 AM
Shyam said…
Ravi,

I have not studied other stocks closely. About Teledata, you can still hold till it crosses 100 (it is already at 87). IMO, with latest results, it's P/E is again about 2 to 2.5 and it deserves P/E of 5. One caution: Once Teledata gets split into 3 companies, each company may trade differently so you may want to watch it closely.

Regarding Arvind Mills, it is well-run company but unfortunately growth is limited. So if you are looking for 20% returns or so with limited downside, you may want to take a position

Good luck
8:44 PM
R.S. SUNDARAM said…
Hi: I started visiting your site very recently. It is great. Regarding Teledata, I want to ask you that after today's movement, what do you feel? Will it fall down further? Your comments please. Sundaram
7:03 AM
Post a Comment

Popular posts from this blog

Clicks to Tokens: Will 2026 Echo 1998's Boom or 2000's Bust?

My "blogging" was in hibernation last 8 months due to my self-imposed restraint given the environment as well as built-in inertia to get started despite so many interesting events and markets reaching all time highs after taking a big dump around "Liberation Day" in Apr...Around that time I had the blog ready that it would be repeat of Mar/Apr 2020 panic and recovery during onset of Covid Pandemic. The hunch happened to be correct and I was glad that I could keep and take some positions which I am still holding especially around AI theme. But that was then...as 2025 is about to wrap up in 10+ weeks, let's look at what's in store for rest of 2025 and 2026. And what's better time than to start writing again just before one of the most important week on the calendar with multiple key events coming up next week... Fed meeting to decide the course of interest rates - it's almost guaranteed that Fed will cut rates by 25 basis points (2nd time in 2025) and...
Post a Comment
Read more

2026: The Year of Convergence – Melt-up, Moonshots, or Mid-cycle Correction?

Happy New Year! After another period of self-imposed hibernation from the blog—partly due to the festivals, travel, intertia and partly to watch the dust settle on a chaotic 2025—I decided to use the quiet of this New Year’s morning to finally reboot.  Looking back at my October post,  “Clicks to Tokens,”  the hunch about the AI theme held firm. We spent much of 2025 debating whether we were in 1998 or 2000. As we enter 2026, the answer seems to be "neither and both." We have the roaring optimism of the 1920s fueled by "Silicon Spirits," but with the high-speed volatility of the 2020s. So, as the calendar flips, what is in store for 2026? Markets may experience melt-up (S&P touching 8000),  with some moonshots (like SpaceX and OpenAI) IPOs or even see mid-cycle correction bringing down S&P to 6000. That's a wide range and will be decided by Four R's... Here are my thoughts on the " Four R’s ":  Rates, Robots, Rotations, and Real Assets. 1. ...
Post a Comment
Read more

And the Oscar goes to...

It's Oscar Sunday and time for predictions for few categories - before I digress into talking about drama in DC or markets.  First of all, I want to recognize the damage LA fires have done to the beloved areas of Los Angeles and impacted families across all spectrums. My heart goes out to them and wish them recovery and rebuilding of their lives... This year's Oscar nominees and post nomination period had been interesting to say the least. Due to this, the field is wide open in almost all categories and that's what makes prediction game so interesting. Just to set expectations, I would consider a win if I get even 50% predictions correct given the dynamics of nominees this year. So here are my predictions - "And the Oscar goes to..." Best Picture - Anora (surprise could be "The Brutalist") Best Director - Sean Baker for "Anora" (Surprise could be Brady Corbet for "The Brutalist") Best Actor - Adrien Brody for "The Brutalist"...
Post a Comment
Read more