Invest Without Emotions
It was a poor week for our portfolio.
When the NIFTY went up +0.15% our portfolio was down 6.7%. We had a lot of real estate scrips with us over the week, and because of the sector-rotation that happened, huge number of stocks were stop-lossed.
Although, we are still pretty confident about the portfolio and we remain focused on our approach:
Talk to us about our Quantitative Portfolio Strategy Execution.
The NIFTY ended tepid, moving just +0.15% for the week.
Biggest losers were TATAMOTORS (-8.39%), GAIL (-7.85%) and RANBAXY (-5.47%).
And the biggest winners were KOTAKBANK (+5.63%), LT (+4.82%) and ITC (+4.28%).
Decliners eclipsed advancers 27 vs 23
Gold: -0.34%, Banks: -0.17%. Infrastructure: +2.24%,
Net FII flows for the week: $724.77 mm (Equity) and $427.66 mm (Debt)
Today’s pick is WHIRLPOOL [stockquote]WHIRLPOOL[/stockquote]. The stock started has been on an uptrend since the beginning of the year and experienced the 52 weeks high of Rs. 290 in December. However currently it is undergoing a double top formation, a few more close below Rs. 265 levels will confirm the same. In the last three months, the stock has moved +1% vs. +6% of the Nifty’s.
Oscillators RSI and CMO are hovering close to the over-sold territory but are not suggesting any direction. The stock is below the lower Bollinger band, which is bullish for the stock.
The MACD line and signal line are moving away from each other and unable to suggest any short-term direction. Long-term and short-term GMMA lines are moving very close to each other and are unable to point towards any direction for the scrip.
WHIRLPOOL’s average correlation with the Nifty is Zero. The scrip will be moving independent of the movement of Nifty. [stockquote]NIFTYBEES[/stockquote]
WHIRLPOOL has a historical volatility in the range of 0.4 to 1.0. The scrip’s volatility is currently in the lower end of the range.
Given these technicals, we suggest a short-term Sell. A longer term call could be taken if the stock is able to penetrate through the Rs. 290 resistance.
Market Roundup: Dow +0.33% to 13825. S&P flat. Gold -0.04% to $1667. London+1.09%. Germany +0.53%. France +0.70%.
BSE Ltd will float its initial public offer (IPO) in the first quarter of fiscal 2014 through the offer-for-sale (OFS) route. “If the company at is valued at Rs.4,000 crore, the exchange will dilute only 10% to raise Rs.400 crore through the IPO, but if the valuation is lower, 25% stake of the existing shareholders could be sold through the IPO. (MINT)
SKS Microfinance Ltd, [stockquote]SKSMICRO[/stockquote] India’s only listed micro lender, ended a seven-quarter loss-making streak on Thursday by posting a small profit for the three months ended 31 December, helped by higher loan demand in markets outside of Andhra Pradesh and significant cost cuts. (Businessline)
Jaguar Land Rover Ltd (JLR) negative announcements regarding lower profitability, increased capital expenditure and the consequent negative free cash flows led to a dramatic fall of TATA MOTORS Ltd. [stockquote]TATAMOTORS[/stockquote] , [stockquote]TATAMTRDVR[/stockquote]. JLR accounts for around 90% of net profit and 75% of net sales. (MINT)
Natural decline in output from some of the natural gas producing fields coupled with continued fall in output from the country’s largest fields saw the domestic production fall for the 25th straight month in December. To meet the growing petroleum product demand and no significant increase in indigenous output, the domestic refiners were compelled to import more crude oil in December year-on-year. [stockquote]RELIANCE[/stockquote],[stockquote]GAIL[/stockquote],[stockquote]PETRONET[/stockquote]. (Businessline)
An unlikely partnership between profitable FMCG companies like Hindustan Unilevert[stockquote]HINDUNILVR[/stockquote] and Dabur [stockquote]DABUR[/stockquote] and penniless rag-pickers is now offering a hint of a fix to India’s 12,000 tonnes a day plastic junk pile-up. A new way of CSR? (ET)
Happy weekend!!
JSWSTEEL [stockquote]JSWSTEEL[/stockquote]
JSW Steel to experiment with inferior quality ore
BHARTIARTL [stockquote]BHARTIARTL[/stockquote]
Bharti Airtel, Idea set stage for call rate hike
HEROMOTOCO [stockquote]HEROMOTOCO[/stockquote]
Output hit at Hero plant
RCOM [stockquote]RCOM[/stockquote]
Analysis: RCOM
RCom net falls 43% on finance costs
TATAMTRDVR [stockquote]TATAMTRDVR[/stockquote]
JLR likely to see margin fall
EXIDEIND [stockquote]EXIDEIND[/stockquote]
Exide in full charge at ING Vysya
HAVELLS [stockquote]HAVELLS[/stockquote]
Havells eyes US as other markets cool
ORISSAMINE [stockquote]ORISSAMINE[/stockquote]
OMDC retains lease of 3 Orissa mines
ONGC [stockquote]ONGC[/stockquote]
ONGC shares jump 5% on natural gas price hike hope
COLPAL [stockquote]COLPAL[/stockquote]
Strike at Colgate-Palmolive Goa unit ends
VIJAYABANK [stockquote]VIJAYABANK[/stockquote]
Vijaya Bank Q3 net profit rises marginally YoY at Rs 127 cr
MAHABANK [stockquote]MAHABANK[/stockquote]
Bank of Maharashtra to raise equity capital upto Rs 1062 crore
POWERGRID [stockquote]POWERGRID[/stockquote]
Jindal Steel wins Rs 500 cr order from Power Grid
SHOPERSTOP [stockquote]SHOPERSTOP[/stockquote]
Shoppers Stop opens one M.A.C door at Shoppers Stop
GOLDBEES [stockquote]GOLDBEES[/stockquote]
Gold down Rs 95 on weak global cues
Gold futures fall on global cues, profit-booking
RALLIS [stockquote]RALLIS[/stockquote]
Rallis India to hike stake in Zero Waste Agro
PRESTIGE [stockquote]PRESTIGE[/stockquote]
Prestige fixes IPP price at Rs 160 per share
SUZLON [stockquote]SUZLON[/stockquote]
Suzlon gets nod for debt revamp
TATACOMM [stockquote]TATACOMM[/stockquote]
Tata Comm incurs Rs 67 cr liability on structural changes
MARUTI [stockquote]MARUTI[/stockquote]
Maruti Suzuki mulls India’s first small hybrid car
