Tweet Buster: Shyam Sekhar's funda of 'BeerMug' investing; why momentum stocks always disappoint in the end

Asia's Tech News Daily

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Amid profit booking in consumption, metal and realty stocks, domestic equity benchmark indices slipped into bear’s grip for four straight sessions and snapped the winning spree of the past two weeks. Investors were worried about subdued earnings announcements and mixed global cues.

In this edition of Tweet Buster, we sift through the world of 280 characters to bring out the best of gyaan from market mavens to help you make money in a volatile market.

Managing Money

DSP Mutual Fund’s Kalpen Parekh said personal finance is more valuable than markets. “You realise this when personal events trigger high expenses. What worked for my granny (no capital) & parents (moderate income) was decent health insurance & investments held for decades as they didn’t have time to track prices daily.”

Personal finance is more valuable than marketsYou realise this when personal events trigger high expensesWhat w… https://t.co/eVCVsisKrJ

— Kalpen Parekh (@KalpenParekh) 1634992790000

Remove the froth

PMS fund manager Shyam Sekhar said most quality trades finally become ‘BeerMug Investing’.

First, the mug will look full.Froth fills the brim to spill. Then, slowly froth will go down.And, your beer will… https://t.co/qvjoI1yFHR

— Shyam Sekhar (@shyamsek) 1634807756000

Good but expensive

Sekhar said in past cycles, operators took vulgar companies and made them look good. “Now, they take good companies and make them trade at vulgar valuations. That is the difference.”

In past cycles, operators took vulgar companies and made them look good.Now, they take good companies and make th… https://t.co/OFcOfq8qIH

— Shyam Sekhar (@shyamsek) 1634612467000

PE headache

Dalal Street veteran Basant Maheshwari said growth is the anti-gravity to high P/E stocks but when the P/E is high and the growth <20% sooner or later you will fall at 9.8m/sec^2 before making a huge thud ! "Too many chemical and consumer names qualify for that category."

Growth is the anti-gravity to high P/E stocks but when the P/E is high and the growth <20% sooner or later you will… https://t.co/u9yaRxd1mq

— Basant Maheshwari (@BMTheEquityDesk) 1634794885000

Beating inflation

Maheshwari said the best way to play inflation is by buying companies that are causing it rather than by buying the ones that are fearing it.

The best way to play inflation is by buying companies that are causing it than by buying the ones that are fearing it.

— Basant Maheshwari (@BMTheEquityDesk) 1634471252000

What not to buy

Market advisor Sandip Sabharwal for most highly valued stocks this results season might create big downsides due to massive input cost pressure and inflation.

There is a massive input cost pressure and inflation#Havells one if the largest consumer durable players reported… https://t.co/wZRTy16vBc

— sandip sabharwal (@sandipsabharwal) 1634732136000

Sabharwal said housing finance company results show significant margin stress. “As banks with a much better and cheaper deposit franchise compete more in this market standalone HFCs might see profitability pressures sustain.”

Housing Finance Company results show significant margin stress.As banks with a much better and cheaper deposit fra… https://t.co/B14ETVV059

— sandip sabharwal (@sandipsabharwal) 1634871753000

Sabharwal also advised investors to exit out of “Consumption” themed mutual fund schemes. “Most hold crazily valued #BAAP stocks in very high percentages. Most who invested in them must have already made huge money.”

Free AdviseTime to exit out of “Consumption” themed Mutual Fund Schemes. Most hold crazily valued #BAAP stocks in… https://t.co/SrllaSoF2b

— sandip sabharwal (@sandipsabharwal) 1634827179000

You get what you deserve

PMS fund manager Porinju Veliyath said stocks that were defying gravity will be back to deserving levels. “Newbies might learn it the hard way!”

Stocks that were defying gravity will be back to deserving levels. Newbies might learn it the hard way!

— Porinju Veliyath (@porinju) 1634636221000

Momentum investing

Deepak Shenoy of Capital Mind said a momentum stock will always disappoint, at the end. “This is what “the end” means. But like you loved a Gavaskar, a Tendulkar and then a Kohli, it doesn’t mean you don’t care about the game because a player went out.”

A momentum stock will always disappoint, at the end. This is what “the end” means. But like you loved a Gavaskar, a… https://t.co/hCpNyuOLi7

— Deepak Shenoy (@deepakshenoy) 1634646033000

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