Got these shares in the IPO; added some more at Rs 515
Now the share has retested it's weekly support (which was pending). I am expecting a great journey on the long side (of course it'll take time).
New entry not suggested; "Hold" for the person already have this. I promised myself that I won't exit this stock until and unless my money is "doubled".
Fundamentally it looks attractive:
1. Reduction in competition: HDFC bank being restricted to issue new credit cards
2. It is 2nd Largest issuer of credit cards in India
3. 41% CAGR for previous 4 years in PBT (Profit Before Tax)
I've shared my view, but please do your own analysis.
Now the share has retested it's weekly support (which was pending). I am expecting a great journey on the long side (of course it'll take time).
New entry not suggested; "Hold" for the person already have this. I promised myself that I won't exit this stock until and unless my money is "doubled".
Fundamentally it looks attractive:
1. Reduction in competition: HDFC bank being restricted to issue new credit cards
2. It is 2nd Largest issuer of credit cards in India
3. 41% CAGR for previous 4 years in PBT (Profit Before Tax)
I've shared my view, but please do your own analysis.
Trade active:
The shares got in IPO, had added more at Rs 515.
Comment:
Well, this stock is doing fine. I am expecting upmove above Rs 991.
Comment:
I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.