The stock market has been caught in a downward spiral.Owing to the rather whacko RBI move,banks have tanked heavily.Even the great quality ones are down & out.A stock like Corporation Bank,dividend yield of 6%+,Canara Bank,yield of 4%+,fast growers: Yes Bank,IndusInd Bank tanking 25-40%,NBFCs: L&t finance,Bajaj Finance.Many of these are A-list companies with world class managements,especially the Private ones.So,won't they ever get out of the woods?
Now lets look at the 'Performers': Pharma,IT.Pretty much expected,since Dollar adds to their pockets in a very good way & I don't see any reason WHY the Dollar shouldn't touch Rs.63.But look a bit below them: La Opala RG,PI Ind.,Kaveri Seeds,Mayur Uniquoters,Accelya Kale,Avanti Feeds,Natco Pharma,Alembic Pharma,Ajanta Pharma,Greenply Ind. & quiet a few others..
Remember that markets always reward performance: Bad,you go down.Good,you go up.Great,you get re-rated.So,What helped them? Are they still cheap?
Well,this blog can go on & on.I would like it much better if things come out as 'Answers',so feel free to fire in whatever queries you may have.
Thanks for reading.