A high quality stock has suddenly gone a begging... ( Originally published on July 22)
The next quarterly result will be out in the next 2 days ( Jul 24,2013)
Attached is the price history from 2005( Rs.57) till now (Rs.423).Peak price Rs.502.
Note the sharp dip in 2008 - 2009 and the subsequent recovery in no time shortly thereafter...!!!!
If you think real estate gives you good returns, then at a return of 780% ( over a period of 8 years) , this stock has given attractive returns..
A MUST HAVE in your portfolio in case you don't have.
Use this big dip to average out in case you are into the stock already..
This one still has a lot of steam left in it..!!!
Ending note on Eat-O-nomics :
In 2002, my favourite dish egg parotta.. costs Rs.12 at a local shop in Chennai
In 2013, the same dish costs Rs.45 ...around 400% increase in 10 years.. call it inflation.. I am wondering if there was a way to securitize(preserve) the Egg parota made in 2002 and if it was sold now, one could have made a handsome profit now..
Om Egg barottaya namaha !!!!!
The next quarterly result will be out in the next 2 days ( Jul 24,2013)
Attached is the price history from 2005( Rs.57) till now (Rs.423).Peak price Rs.502.
Note the sharp dip in 2008 - 2009 and the subsequent recovery in no time shortly thereafter...!!!!
If you think real estate gives you good returns, then at a return of 780% ( over a period of 8 years) , this stock has given attractive returns..
A MUST HAVE in your portfolio in case you don't have.
Use this big dip to average out in case you are into the stock already..
This one still has a lot of steam left in it..!!!
Ending note on Eat-O-nomics :
In 2002, my favourite dish egg parotta.. costs Rs.12 at a local shop in Chennai
In 2013, the same dish costs Rs.45 ...around 400% increase in 10 years.. call it inflation.. I am wondering if there was a way to securitize(preserve) the Egg parota made in 2002 and if it was sold now, one could have made a handsome profit now..
Om Egg barottaya namaha !!!!!
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