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Sector Watch- Brokerages

Thursday, November 15, 2007 Leave a comment Go to comments

All the brokerages are flying high. Watch Indiabulls, Motilal Oswal, Indiainfoline and Reliance capital. All these stocks are rocketing.

Call it “Religare effect” or “Edelweiss Effect” !

Disclosure- We have long positions in all the above stocks.

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Categories: Market View
  1. sagecapital
    Saturday, November 17, 2007 at 12:54 pm

    Neelay-
    I can understand your pain but I sincerely feel that the only way you can recover your money quickly is by taking couple of other good trading bets. I have supported many clients recover their losses by helping them cut their losers and taking on new winners. You can please email me with your capital and current positions.
    RPL might show momentum if it is able to go past the 230 levels. Till then I won’t be too optimistic on the stock.
    You can either choose to wait (how long I can’t say) or just move on learning your lessons and focusing on getting your money back!

  2. neelay
    Saturday, November 17, 2007 at 12:46 pm

    hi sage.. thanks for taking my case..
    seriously it was my greed which now i m paying.. but now at this level please dont tell me that i will have to sell it off.. plz tell me what should i do.. please suggest me.. if possible please call me on 9xxxxxx.. Please I need genuine advice.. whatever capital i was having is totally stuck..i m ready to wait but cant suffer this heavy loss…

  3. neelay
    Saturday, November 17, 2007 at 10:52 am

    hi sage..
    plz tell me something about rpl.. i dont how i got trap in this but now it is true that i m totally trapped here.
    i m holding rpl nov fut @294 and then again i took one more at @267… now plz tell some thing about this.. and if it wil come up this month or how many months i wil have to hold.. because my capacity of paying m2m is finished..

  4. sagecapital
    Friday, November 16, 2007 at 7:48 am

    Jatin- We dumped Geojit in favour of Indiabulls and Motilal as Geojit failed to cross 50+ levels.
    It turned out to be one of our dead ideas 🙂
    Anyways, we don’t care as we made much more on Other brokerage stocks than we lost on this one!

  5. Divakar
    Friday, November 16, 2007 at 5:27 am

    Hi Sage,
    I am totaly confused by watching US markets. One day one institute come and say that there is big financial crises and next minute market crash and next day some body come and say that not that much , then market rally and this cycle is repeating these days.This reflecting in indain markets.how to approach this kind of situation.Give me Suggest ion.

    regards
    Divakar

  6. Jatin
    Friday, November 16, 2007 at 12:58 am

    Sage,

    I hope you remember i told you i have Geojit@42 bot arnd 4-5 months back.
    Why isnt it flying?
    Is it also a loser in such a winning market.

    Regards
    Jatin

  7. sagecapital
    Thursday, November 15, 2007 at 3:54 pm

    Ashish- The forward PE for Indiabulls for FY09 is around 15.
    These guys are growing at a scorching pace-courteousy clients like you!
    Reliance Money is opening accounts at such a rapid pace that you can’t even think of. And they have the advantage of selling many of their products (MF,Insurance etc.) to their clients. So they really don’t care about offering low brokerages.( I wish I had such a big sales force to sell my products 🙂 )
    Infact, I have moved many clients from ICICI direct to these discount brokerages. ICICI direct is real rip off!!

  8. sagecapital
    Thursday, November 15, 2007 at 3:47 pm

    Mathi-Don’t you think you are late? One of the readers had asked a query on the stock when it was at 87 and I had indicated that it was a good short term bet.
    If you buy stocks when everyone else is buying the same stock, you might get stuck like people are in RPL and RNRL.
    Thats why I give those ideas to my clients when no one is talking about those stocks.

    Sometimes my ideas are embedded inside comments 😉
    Check my take on Indiabulls and Motilal Oswal and see what happened to these stocks.

  9. Mathi
    Thursday, November 15, 2007 at 3:35 pm

    Sage,
    What is your take on MRPL.It’s been going up strongly.

  10. ashish ji
    Thursday, November 15, 2007 at 11:58 am

    INDIABULLLS P/E : 94
    Reliance Capital P/E: 64
    INDIA INFOLINE P/E: 86

    DOES THIS IMPLY RELCAP a better BUY???>

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