A Buy & Hold Portfolio of High-quality Stocks
I have often wondered ‘what if I made a portfolio of high-quality stocks and held them for a long time without any changes’—a kind of ‘buy-it-and-forget–it’ portfolio? I recently suggested to the Moneylife team a list of 33 stocks, actually 30 plus three (which have very high unit prices and may not fit into anything but large-value portfolios). The results have turned out to be very good....
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Nifty, Sensex Still Under Bear Pressure – Wednesday closing report
    We had mentioned in Tuesday’s closing report that Nifty, Sensex were continuing to be under pressure. The major indices of the Indian stock markets suffered a correction on Wednesday and closed with losses over Tuesday’s close. On the NSE, there were 440 advances, 1369 declines and 100 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:
     
     
    Benchmark indices finished near day's low on Wednesday amid weak global cues. The Sensex has closed below 38,000, while Nifty was breaking below 11,350 during intraday. At close, the Sensex was down 487.50 points at 37789.13, while Nifty was down 138.45 points at 11,359.50. About 634 shares have advanced, 1857 shares declined, and 145 shares are unchanged.
     
    All sectoral indices ended in red led by energy, pharma, auto, bank, infra, FMCG (fast moving consumer goods), metal and IT (information technology). Midcap and Smallcap index shed 1% each.
     
    Nifty Media had crashed about 5% intraday. The fall was led by Zee Entertainment (-10.05%), Sun TV (-4.48%) and Network 18 (-3.61%). Nifty Media closed at 2,133.65, down 4.53% on the NSE.
     
    ​Dhanlaxmi Bank has reported net profit of Rs27.6 crore in in the fourth quarter ended March 2019 (Q4FY19). It had reported a loss of Rs17.2 crore in a year ago period. Dhanlaxmi Bank shares closed at Rs19.80, up 0.51% on the NSE.
     
    Alembic Pharma Q4 results have been declared. Consolidated net profit was up 32.2% at Rs124 crore against Rs94 crore, revenue up 8.6% at Rs927 crore against Rs853.3 crore, year-on-year. Alembic Pharmaceuticals shares closed at Rs551.45, down 0.84% on the NSE.
     
    Chennai Petroleum Corporation Q4 results have been declared. Consolidated net losses were at Rs25 crore versus loss of Rs363 crore, revenues were up at Rs9,957 crore versus Rs9,866 crore, quarter-on-quarter. Chennai Petroleum Corporation shares closed at Rs242.60, down 1.24% on the NSE.
     
    MAS Financial Q4 results were declared. Net profit was up 27.7% at Rs41.6 crore against Rs32.6 crore, revenue was up 30.9% at Rs165 crore against Rs126 crore, year-on-year. MAS Financial Services shares closed at Rs559.55, down 1.55% on the NSE.
     
    Srikalahasthi Pipes Q4 results were declared.  Net profit was up 4.4% at Rs35.8 crore against Rs34.3 crore, revenue was up 12.7% at Rs408.7 crore versus Rs362.5 crore, year-on-year. Srikalahasthi Pipes shares closed at Rs193.05, down 7.55% on the NSE.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
     
  • User

    COMMENTS

    Anil Bulan

    4 months ago

    Sir, the stocks are good but PE valuation is very high. Should I wait for it’s down by half the amount ?

    Dr Sharad Kochhar

    4 months ago

    Want to read Mr. Balakrishnans story about his suggestion of 30 stocks PL post the full story or give me link I am a subscriber

    Nifty, Sensex continue to be under pressure – Tuesday closing report

    We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure. The major indices of the Indian stock markets suffered a correction on Tuesday and closed with losses over Monday’s close. On the NSE, there were 559 advances, 1,209 declines and 330 unchanged. The trends of the major indices in the course of Tuesday’s trading are covered in the table below:

     

     
    The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex trading over 170 points higher. Healthy buying in metals, IT (information technology) and FMCG (fast moving consumer goods) stocks supported the gains. However, soon afterwards, the major indices suffered a correction and they closed with losses.
     
    Scrips of Zee Entertainment Enterprises witnessed a sharp fall of over 10% on the BSE during the intra-day trade on Tuesday. The stock fell up to 10.59% to Rs347.05 apiece but recovered to trade at Rs368, down Rs20.15 or 5.19% during the afternoon session around 2.45 p.m. The Nifty Media index was also dragged down and was the top Nifty sectoral loser as it fell by 2.42%. Zee Entertainment Enterprises shares closed at Rs369.20, down 4.88% on the BSE.
     
    The Committee of Creditors (CoC) of a non-performing asset (NPA or bad loan) account must provide all relevant information and share its vision for the company under resolution with the prospective resolution applicants in order to come up with a rescue plan, the insolvency regulator has said. "CoC must provide the resolution applicants all relevant information like a promoter does while making an IPO (initial public offer). In such a case a prospectus is issued, roadshows are organised and promoters share their vision so that people believe in him and subscribe to the issue," the Insolvency and Bankruptcy Board of India (IBBI) Chairperson M.S. Sahoo told IANS in an interview.  
     
    "Similarly, the CoCs have to share its vision for the company under resolution so that RAs (resolution applicants) show interest and come up with a plan if they find the option viable." The IBBI Chairperson said that this is also important to prevent companies from going into liquidation as this should only be the last option when all other efforts fail. "I will insist on rescue of a viable company", he said. CoC is the group of financial creditors who take the call on the resolution plan. 
     
    The regulator said that the CoC must create a favourable impression about the underlying value of the indebted firm, and encourage submission of appropriate resolution plans for reorganisation of the firm by the resolution applicants. Sahoo is of the view that the commercial decisions which a CoC is required to take in a Corporate Insolvency Resolution Process (CIRP) resolution plan is towards reorganising the firm as a going concern so as to maximise the value of its assets. The regulator had recently opined that if an NPA firm is viable, then the CoC must visualise the resolution plan required for its reorganisation.  A resolution plan may entail various measures ranging from a change of management, technology or product portfolio to the acquisition or disposal of assets, businesses or undertakings and the restructuring of ownership, balance sheets or organisation, among others. Bank Nifty closed at 29,288.20, down 1.12% on the NSE.
     
    Even as now grounded Jet Airways completes its 26th anniversary, Shiv Sena affiliated Bharatiya Kamgar Sena has threatened industrial action at the Mumbai airport if the airline's employees are not paid their due salaries. Jet Airways shares closed at Rs126.00, down 5.55% on the NSE.
     
    Gains from exceptional item aided telecom major Bharti Airtel to post a rise of 37.5% in its total consolidated net profit for the January-March quarter, on a year-on-year (YoY) basis. The total consolidated net profit (profit attributable to owners and non-controlling interest) of the company stood at Rs576.10 crore during the fourth quarter (Q4) of financial year 2018-19, against Rs419 crore reported during the corresponding period of the previous fiscal, Airtel said in a statement. Bharti Airtel shares closed at Rs323.85, down 2.88% on the NSE.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
  • User

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)