Spanco Ltd won the order for setting up the first State Data Center (SDC) in Orissa under National eGovernance Program (NeGP) instituted by the Department of Information Technology, Government of India.
The order value is about Rs. 30 crores (this is not too large considering that its annual turnover is nearly Rs.700 crores) and will be implemented over a period of 4 months. It won the order beating other large companies like TCS.
About Rs.1,110 crore is planned to be spent under National e-Governance plan and winning the first project may help the company win more of them.
The company`s prospects are looking up after its worst years and may be worth an investment.
Dear PRJ,
It has been very rewarding to track your messages. I want your specific guidance on RIL. I have 2800 shares @ 1200 odd. There is too much uncertainty and the stock continues to slide. Should I continue to hold or switch to any other equally good stocks ? In case of switch, what stocks you suggest? Waiting for your valuable guidance.
even though the message is not addressed to me one can give alwayes give suggestion, which is as follows :in case of switch consider jindal steel and power. have your own reaserch before taking action . it is only sugestion and not binding upon any one
Reliance has been underperforming the index for quite some time now. Even in the next leg of the bull up move, due to its various litigations and high base, the company may not offer as much percentage appreciation that many mid/ small caps may be able to.
There are many questions to be answered before I suggest an alternative to you.
First, the fact that Reliance is there in your portfolio indicates that you could be a moderately conservative investor who prefers to have well known large cap companies in your portfolio. In fact, it is also an indicator of your level of comfort - you may prefer medium risk than high risk high gain shares.
Next is sectoral exposure. When you build up a portfolio, you allocate a rough percentage exposure sector wise as well. For example, if you already have a achieved target % of shares to cement sector and you want to buy another cement share, normally you would sell one of the existing shres or reduce exposure to one of them in order to include the new share and avoid over-exposure to cement sector.
Similarly, I don`t know your comfort level for taking risk or your sectoral exposures.
I am primarily into mid/small cap shares as they have a small base and give higher % of appreciation than large cap shares, if monitored well.
Let me get an idea of your preferences. Also tell me if you dont mind some mid cap recommendations from me.
Thank you for your mature reply. Though Reliance ngroup companies form core of my portfolio, I am comfortable with Midcaps. I hold Shiv Vani Oil, Jindal SAW, Opto Circuits, ICSA, CAIRN iNDIA, BILCARE, FT,GE SHIPPING, MERCATOR, GREAT OFFSHORE, GMR,GVK, JP ASSO, JP HYDRO, MAN iND, Astra Micro, Voltamp, Satyam, Praj, Punj, HDIL, Patel Engg, etc.
I am flexible. Any scrip that can yield good profits without capital loss is good. Prepared to wait for long term. I have noted your passion for investments and I am your admirer. Your suggestions would be most valuable.
I think you have the choiciest of midcaps in your porfolio and I need to give you no guidance on which stocks to buy.
Maybe you can consider a textile stock (Century Enka), a automobile sector stock (Balkrishna Industries), a modern technology concept stock (Bartronics), share will explosive growth ahead (Electrosteel Castings), etc. etc.
Although I have many other picks, I think these many stocks can take care of your sales proceeds of Reliance.
To - Mr.prjayachandran
I have been a silent follower of yours for almost 3 months now and I see great maturity in your posts. I have seen many a selfish agenda here and thankfully, you are a different breed. I have seen the explosive performance of Shriram EPC (even though you feared that there will be a run, after Raja`s arrest) and I had missed the run. It looks too hi to enter now. I would like to build a mid/smallcap portfolio from scratch (my existing ones are PSL, Parekh Aluminex, Gug Alakali ( I am in loss in this share). Cairn is another one in my core PF. I am in no hurry for the money and looking for multibaggers recos from you. Thanks a ton
You have asked a query - regarding suggesting a portfolio- that would require a lot of time and effort from me to answer well.
Could you wait a few days and give me more time?
I may sound slightly impractical/stupid, but I do not invest in shares only to make profits. It is equally (if not more) to have the wonderful experiences and knowledge we gather in the process that is more important to me.
Maybe it sounds similar to the concept that the whole fun is not in eating the cake, but in enjoying the moments and the process of making it.
Its the journey along the path - the insights we get, the lessons we learn, the better understanding we garner of business and industry - all that is as important (I dare to say more important)than a few more notes of currency in our hands.
If it was not for all that learning that I have been obtaining, I would have settled for a little less money and invested all my surplus funds in best performing mutual funds.
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