So CAD is back in control, US election uncertainity is over as Democrats rule the hill now & FED is keeping interest rate hikes in line with its commitments.
As I talked about Current Account Deficit ( CAD ) in previous pick here
CAD($) = Exports($) - Imports($)
CAD increases when Imports go up ie, for us Majority now days is Crude Oil & Electronic Gadgets. The later one can be controlled by putting increasing import duty which government is unlikely to consider as Lok Sabha elections are coming up.
While Crude Oil has definitely eased up due to many or any factors like ego fight of Saudis n Iran, killing of American reporter in Turkey, Under the table deals of President Donald trump & Crown Prince of Saudi... Who knows.
In Nutshell Crude Oil is down & with current stand of OPEC on inventories it will stabilize soon in little lower area.
On Nov 8th Democrats won the house ie, Hill in US mid-term election giving Mr. Market clarity for next 2 years. It doesnt' matter who runs the government but all Mr. Market loves is certainity.
One of major things that world got reminded in 2018 is that US Investors still rule the Financial world so it is important to keep an eye on US Bond markets.
Federal Reserve Bank is moving interest rate up in line with its commitment.
To my best knowledge everything that could go wrong or bad is already factored in rest depends on Mr. Market when & WHat it wants to surprise us :)
You have this beautiful VG framework of investing. You are invested & investing more n way ahead of others by not being stupid.
Hopping back on agenda let's move ahead n pick up another amazing business as we slowly but surely inch towards our goals
GIL, incorporated in November, 1990, is one of India’s largest interior infrastructure companies. It is engaged in the manufacturing of plywood and MDF boards.
The company has four manufacturing facilities of plywood in Uttarakhand, Nagaland, West Bengal, and Gujarat with a combined installed capacity of 34.65 million sq. mt. and two manufacturing facilities of MDF in Uttarakhand and Andhra Pradesh with an installed capacity of 5,40,000 cubic meters.
The biggest facility is in the hills of Uttrakhand.
The company’s major brands in the plywood segment are ‘Greenply’ and ‘Green Club’ and in the MDF segment is ‘Greenpanel’.
With worst almost factored in current valuations of Greenply I believe it has nowhere to go but up only its matter of time.
Greenply Industries Ltd is a Multibagger stock in India. ValueGuyz this stock is a definite premium value pick to consider for your research.
Value picks are stocks of companies that are believed to be undervalued at NSE or BSE. It is an outcome of huge sattebaaji directed by Stock brokers in that stock making Markets overreact to good and bad news, resulting in stock price movements that do not correspond with the company's long-term business or fundamentals.
You can learn Value Pick Multibagger Stock course & start your own research in depth. After completing the Value Pick Multibagger Stock course You have to apply methods & circle of competence on your researched Value Picks.
Currently managing assets of 5 Crore+ & still sleep like a baby every night because Valueguyz makes life simpler.
I am passionate about 3 things in my life Financial System, Fitness & Photography
I got introduced to Financial system through Forex Trading back in 2007 during my 3rd Year of Engineering & It was too complex yet magnificent. Officially I entered Indian Stock Market in early 2008 at the very beginning of Global Financial Crisis, but what the hell did I know for me it was the last semester & time to get serious about my passion ie, Counter Strike
RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety
Market Cap. : Market Capitalization (Total)