A very interesting company came to light one-day while I was toying with certain filters. MAJESTIC AUTO. A Rs 112.40 crore market capitalisation company with a last quarter PAT of Rs 4.75 crore and historic PE of 5.41 at a current market price of Rs 108. At a handsome ROE of 39 percent, net margin of 14 percent and a reducing debt equity of .74, the company is financially on a stable platform.
I am back in the markets after a period of over 6 months. One would think this is a long time, especially in the stock markets. Of all the cliches, the pithiest that comes to mind is- the more things change, the more they remain the same.I left the market at a Nifty PE of 23 (Index Yield 4.35%) and a 10 year bond yield of 7.35%. I return at a Nifty PE of 21.77 (Index Yield 4.59%) and a 10 year
Happy Dhanteras to all the readers of the Carnival.Dhanteras, for the uninitiated, is the hindu festival of prosperity wherein it is auspicious to buy an asset.So lets start this edition with the most precious of assets - platinum.Alisha Harmann presents The Definitive Guide To Platinum ETFs: Platinum ETF Investing 101 posted at ETF Database.Here is one for the passive investors - Investing
I don't know about you but for the past couple of weeks I have been having a sense of Déjà vu. A thought that something similar had happened earlier, has been gnawing at my bones. Though my head tells me that something as extreme as 2007 may not happen but then why take a chance? So I went about investigating further.Index ValuationThe Nifty is currently at a PE of 22.41 with 74% of the Nifty
More Recent Articles