dont buy more.. even at 650-660 there is no value to be gained... remember - every trade is a new trade so do not average out unless you see value..
either hold for a long term / sell and book loss... market is in correction mode .... dont see another rally anytime soon.. can sell it and invest in value picks like hdfc bank, maruti etc
@. PRIYANKA NO I M NOT INVESTOR. <------ Oh! Haha...then you shouldn''t look to hold nothing ..I mean don''t hold anything (and I''m talking only about Investment and nothing but that) longer than a few hours or even better minutes. . Or just become a Investor like me?...and learn to hold things a real tight....look I''m yet to sell the stocks that I bought in my last life....:Seriously!!
@ Priyanka > Peers like bata relaxo liberty are trading at x50 PE. Khadim is 2nd largest after Bata has FY18 EPS around 18 Rs. so its trading at less than x40. Its just listed yesterday so price is combination of various factors (incl fear created by even senior boarder that it does not deserve x30 PE or price should be 580 etc) such has short term calls; day call. Is one of the sponsors of KKR IPL team; strong brand in East and possible support from Didi?
All the way it listed in discount, made low around 661 and closed around 700. Advise to keep Stoploss around 680 and hold. Seems it can touch 730-750 level
looking at the last 30 min recover with volumes; seems like some accumulation. At least could catch up with Bata tmr ~ 740-750? Ignore all calls where ppl want to buy cheap by. There was money to be made yst as well as today; lets hope for hat trick tmr!
Major part of Khadim issue was OFS..with no sizable dilution..equity only worth 50 Cr was freshly issued out of which 40 Cr would be used to retire close to 1/3rd of their debt obligation which would be EPS accretive.....thats unlike RNAM who aspires to buy more offices and liabilities in the form of staff with the proceeds..:))) Coming to the EPS ...it''s close to 18 and the PE works out to be 40ish. you don''t get to buy a niche segment consumer goods company for such paltry valuation, do you?..not unless it''s ITC (Of Bharat 22) which ought to remain rahgebound due to eternally lurking tax hike sword on account of being mostly in the business of deterioration of national health ...where destruction is the key to success So considering the ROE of about 15, the valuation is more than justified .. Moreover the management looks resolved (they haven''t talked about conquering the universe within minutes of receiving the ipo proceeds)...and have reasonable intent to grow the business step by step in accordance with the market conditions....I guess if held for a long term, this can give steady returns....43,/ 44 PE is darn cheap for a company who has a palpable consumer goods business with established brand name.... A good bet I believe.
I assume you are too daring person.. Khadim''s is good and if u have plans for loss management then kindly avoid RHFL. Find some good picks like Kriti , Praj, Federal Bank,etc.
rel home, rel comm are all bearish stocks. They will reach their face value soon. Rel nippon looking at fall in last 2 days looks risky. Market may pick up only in January 2018 as result season is over and gujarat elections are in december.
Khadim means servant or attendant. but you shall never feel lke master in their outlets. :) But now who shall step in its shop when top MNC brands are available at attractive discounts online ? Besides as per my personal exp quality got deteriorated over years.