Value Investing Lessons Relevant At All Times

• Identifying an engineering stock- Do's and don'ts
  (Aug 16, 2003)If one were to consider one of the biggest beneficiaries from any country's infrastructure sector development, engineering companies have a vital role to play. As in any other sector, choices for a retail investor are high for an equity investment. However, it does that mean each stock in the sector is a BUY? In this article, we have tried to discuss the dynamics of this sector and the key aspects that one should look in, before selecting an engineering stock.
• Identifying a refinery stock: Do's and Don'ts
  (Aug 11, 2003)It is often said that the dynamics of the world economy are often altered due to the crude oil price movement. As a result, the dynamics of companies operating in this sector are very different. Here in this article, we deal with key factors that impact the performance of petroleum products companies.
• Identifying a banking stock: Do's and Don'ts
  (Aug 2, 2003)In continuation to enlighten investor's on how to analyse a sector and identify stocks, here is our analysis on the banking sector this time.
• Identifying a domestic pharma stock: Do's and don'ts
  (Jul 26, 2003)There is a famous saying that 'while investing in equities, investors are actually buying the business of the company and not the scrip per se'. If this is the case, there are lots of complexities involved when it comes to picking a pharma company for investment. Here is an attempt by us to enable a retail investor to identify a domestic pharma company for investment.
• Identifying a software stock: Do's and don'ts
  (Jul 19, 2003)As global economies are getting more integrated, technology companies are finding it an onerous task to align to the changing realities. In such a scenario, analyzing stocks from the technology sector require utmost caution and understanding. We will, in this article, try to elucidate the factors one should keep in mind before investing in a software sector company.
• Identifying a hotel stock: Do's and don'ts
  (Jul 12, 2003)How to analyse a company? This is the first question a retail investor has in mind before taking investment decisions. In continuation to the article last week on ways and means to identify an FMCG stock (Read more), consider key factors to be borne in mind when it comes to identifying a Hotel stock.
• Identifying an FMCG stock: Do's and don'ts
  (Jul 5, 2003)Rather than look at the various segments, prospects or market shares of the FMCG sector, this week let us take a look at ways to identify a good FMCG stock. With the markets currently on an upswing, it is even more important to differentiate the chaff from the wheat. Here goes...
• P/E ratio's: Reality check
  (Jan 19, 2002)One of the most commonly used tools for making an investment decision is the P/E ratio. This is due to the fact that that it is very easy to compute and more so, due to its easy availability. However, using the ratio without understanding its interpretation can be very dangerous especially for the retail investors, who have limited access to information.
• Stocks: Measuring expectations
  (Nov 3, 2001)The most mysterious thing especially with the software stocks has been their price. The price of a security can be broadly divided into two elements viz. the intrinsic value of the stock and the speculative element. But from the point of view of making a long-term investment, and not punting, it is the intrinsic value that ultimately matters. Arriving at the intrinsic value is, however, of little help as many times the stocks are nowhere near their correct valuations and in recent times speculative element in stock price has increased considerably. The idea of this report is to help you evaluate whether market assumptions that go into pricing of the stock are realistic or not.
• EVA - Another barometer for corporate performance
  (Jul 5, 2000)The liberalisation of the Indian economy has led to a paradigm shift in the corporate goals of public and private companies. The focus is now being primarily on enhancing the shareholder value in a company.
• Check List for Investors
  (Jun 21, 2000)The Initial Public Offering or IPO market as it is known, received a new lease of life in FY99. With high profile issues like Hughes Software and TV-18 opening at more than 3 and 10 times their issue price respectively, investors are flocking to the IPO market like never before. Companies, which had earlier shied away from the capital market, are now returning with a vengeance to satiate the appetite of investors.
• Glossary
• Understanding Debt Markets
• Women's Weekly
• Lessons From Warren Buffett
• Back to basics
• Lessons from Charlie Munger
• Lessons from Philip Fisher
• Identifying stocks - Do's and Don'ts
• Lessons from Peter Lynch