Had gone shopping for diyas and oil for Diwali.The high price of oil gave me a minor sticker shock.
A bit of data digging reveals that Solvent Extractors have been the worst performers of the stock market.
Check out the last one years performance (2 Nov 2011-2 Nov 2012):
KSE (-11.29%)
RuchiSoya (-39.27%)
Gokul (-55%)
KSOils(-55.67%)
RajOil (-78.35%)
So just like you can have high realty prices but lousy real estate stock prices, you can have high oil prices but lousy stock prices.
Aren’t Indian PSU Banks in the same boat…?
The year so far has been great for tyre stocks.Falling rubber prices have ensured that the stock prices have been rising.
Check out the performance of tyre stocks so far (2 Jan 2012-3 Sep 2012):
JKTyre: 78.39%
BalKrisInd: 71.85%
ApolloTyre: 58.15%
Ceat Ltd: 50.2%
MRF: 45.27%
TVSSRICHAK:14.36 %
Way back in end March, I had blogged about the bull run in Multiple System Operators due to the Cable Digitization Bill.
Well, since then, the bull run has continued as can be seen from the performance below:
WWIL (121.25%)
DEN (13.67%)
Hathway (6.91%)
Too bad Parliament is stalled else it would have generated some more stock picking ideas !!
I had blogged earlier about the implications of Chidu taking charge of the Finance Ministry.One implication was the outlook turning negative for PSU banks.
So even though the markets are rallying, PSU bank stocks are taking it on the chin in the last one month. (See Table Below):
| Symbol | Fall |
| CANBK | -15.38% |
| UNIONBANK | -14.38% |
| BANKINDIA | -13.99% |
| PNB | -13.41% |
| IOB | -13.01% |
| ANDHRABANK | -12.84% |
| CENTRALBK | -11.37% |
| INDIANB | -10.69% |
| SBIN | -10.31% |
| UCOBANK | -10.14% |
| UNITEDBNK | -10.03% |
| ALBK | -9.61% |