Stock Watch - Punj Lloyd

Punj Lloyd Limited is a transnational company specializing in the infrastructure and energy sectors. Their operations spread across the Middle East, Africa, the Caspian, Asia Pacific and South Asia.

Positives
..Strong and diversified order book to lead to robust growth in revenues and profits between FY08-FY10.
..Completion of legacy orders to improve margins going forward
..Joint ventures in different segments to open up new opportunities

Key risks and concerns
..Slowdown in order inflow may impact future revenue growth
..Steep increase in commodity prices may dampen the margins
..Increase in interest rates from current levels may impact profitability negatively

At current price of Rs.150, the stock trades at 9 times FY09 earnings. Long term investors can accumulate on declines for good returns.

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the index has hit an all-time high of 75,124 and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Walmart and Costco Selling Gold and Silver

Costco Wholesale and Walmart are both starting to sell gold bars. First, Costco sold gold bars to its members looking to invest in more than bulk household purchases. Now the warehouse retailer is selling silver coins too. Walmart has also started selling precious metals such as gold and silver in its online store, following in the footsteps of Costco Wholesale. Against the backdrop of high inflation, gold has become the new favorite of American consumers. The value of gold and silver is expected to continue to climb in 2024 on expectations that the Federal Reserve will start cutting interest rates. Gold currently trades at $2255. Will Indian supermarkets sell gold? Gold has been always been one of the favorite investments for Indians, as evident from the fact that Indian households hold over 21,000 tonnes of gold. Indians prefer to buy gold jewelry and this trend could change if Gold is sold in supermarkets. There are Gold ETFs and Sovereign Gold Bonds (SGB) as well. Addi...

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