Performance of world index in 2016.
Indian indexes managed to gave positive returns in 2016 as last day index closed in green. 2016 was very tough year for the economy. The major changes which impacted on markets were slowdown in china which was effected from 2015, Brexit, US- elections, Trump's victory, surgical stricke and finally the demonetization.
From, all this market gave good correction and I personally considered all corrections as BUYING OPPORTUNITIES and markets recovers in just 3-5 days each time.
So, we can also say that 2016 was year for value investing as well as value trading, minimum 4-5 times 20-30% downside shown in fundamentally good stocks and stock recovered to it's original value in very short time.
Stocks which i picked in 2015 and gave more than 100% plus returns in 2016.
1. visaka industries : Bought at 110 on 13 feb 2015.
2. Banco products india : bought at 120 , 3. indiabulls real : bought at 50 diwali picks.
and booked profit in ashok leyland @110. which i bought in 2014 @ 46.
now fully exited from visaka and indiabulss real and holds half qty. in bnace for target of 300. and eariler favourite stocks become multibagger ccl products india 4x, spicejet 7x and SRF 10x.
SRF bought at 172 in late 2013my favourite CCL Products India
My Stocks from 2016.
1. jvl agro @ 22.52. PFC @ 75 (adjusted for bonus)
3. hinduja global solutions @ 460
4. lovable lingerie @220
5.GMDC @ 55
6.century enka @211
7. NMDC@ 100
8.Indian acrylic @ 16
9. Star paper mills @ 81
10. uflex @ 320
11. talwalkars @ 250
12. genus power and infrastructure @ 50
Top 5 stocks of 2016
Some of my views and top picks from 2016.
Outlook for 2017.
The economy of India is the sixth-largest economy in the world measured by nominal GDP and the third-largest by purchasing power parity (PPP). India also topped the World Bank's growth outlook for 2015-16 for the first time with the economy having grown 7.6% in 2015-16 and expected to grow 8.0%+ in 2016-17.
2017 will be prove as good year for market as well as longterm investors. just be price sensitive and invest in good fundamental stocks.
first pick of 2017.
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