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3rd Jan 2017

Discussion in 'Portfolio Updates' started by shabbir, Jan 4, 2017.

  1. shabbir

    shabbir Administrator Staff Member

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    The first investment in 2017 and it is Ashok Leyland for multiple reasons.

    1. The company reported sales figure of December and I don't see any significant damage due to monetization.

    AshokLeyLandDecSalesFigures.png
    You can view the attached PDF or on BSE site here

    2. Technically stock has formed a solid bottom at around 75 levels.

    AshokLeyLand.png
    Looks like today there is a breakout which confirms the base being formed.

    Contract notes attached.
     

    Attached Files:

    shabbir, Jan 4, 2017
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  2. jaimal_dtm

    jaimal_dtm Member

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    jaimal_dtm, Jan 4, 2017
    Share #2
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  3. caringvij

    caringvij Active Member

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    caringvij, Jan 4, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    Target is to hold for couple of years as of now.
     
    shabbir, Jan 5, 2017
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  5. ganesh_devkar

    ganesh_devkar Member

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    ganesh_devkar, Jan 5, 2017
    Share #5
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  6. nirajshah

    nirajshah Champion

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    nirajshah, Jan 5, 2017
    Share #6
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  7. ganesh_devkar

    ganesh_devkar Member

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    ganesh_devkar, Jan 5, 2017
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  8. shabbir

    shabbir Administrator Staff Member

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    I would say I am accumulating it aggresively for sure.
     
    shabbir, Jan 6, 2017
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