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I thought I should warn as a public service.
There is revival in the sector/market after the Bank/Fin merger requests by Central Bank.
For what it is worth make Hay when the sun is shining.
As a plus point, it has helped/will help some undervalued shares to raise it head from their multi year gloom.
Remember when a fundamental goes up there is justified reason for it to hold value as there is an intrinsic value attached.
BUT at the same time , some weeds will try to raise its head along side the good fortune of these cash crop plants.
It is called a free ride.
Now if you chase after speculative weeds that unrealistically goes up in price and if you buy/hold them at the wrong time, you will be held high and dry.
Ex : GSF which is trading at about 30 times its NAV . A share that is worth about Rs 30 max is still trading at Rs 450!!!
If someone want to buy/merge with GSF, wonder whether they are ready to pay Rs 450 for Rs 15 NAV company!
But the top 3 holders of the company are interesting so don;t know what will happen.
I warned about another Fin share in the forum if you search ( not to mention the multiple warning on CIFL when at Rs 6-9).
There are/will be more . So be educated and careful.
I thought I should warn as a public service.
There is revival in the sector/market after the Bank/Fin merger requests by Central Bank.
For what it is worth make Hay when the sun is shining.
As a plus point, it has helped/will help some undervalued shares to raise it head from their multi year gloom.
Remember when a fundamental goes up there is justified reason for it to hold value as there is an intrinsic value attached.
BUT at the same time , some weeds will try to raise its head along side the good fortune of these cash crop plants.
It is called a free ride.
Now if you chase after speculative weeds that unrealistically goes up in price and if you buy/hold them at the wrong time, you will be held high and dry.
Ex : GSF which is trading at about 30 times its NAV . A share that is worth about Rs 30 max is still trading at Rs 450!!!
If someone want to buy/merge with GSF, wonder whether they are ready to pay Rs 450 for Rs 15 NAV company!
But the top 3 holders of the company are interesting so don;t know what will happen.
I warned about another Fin share in the forum if you search ( not to mention the multiple warning on CIFL when at Rs 6-9).
There are/will be more . So be educated and careful.
....Seek good thing I guess. Vfin Lifin vone rather quiet when you compare others in the sector.
