reasons for bullishness on SIP. Well, after years of trading, (at one point my entire life revolved around day trading and placements), ive learnt that some stocks can really boost a persons capital. these stocks come, but are few and far in between. the fact that sip is disliked by the large investment groups has kept the stock trading at a low P/E. the
there have been many over the year that ive traded. there are other stocks i hold that are more mainstream and have performed well over the last couple of years. infact, when the market crashed, i borrowed/begged and stole to get back in as much as was possible and it worked well.
SIP is a battered and bruised stock that only has one way to go. sure in the short term, there are unusual trading days and speculations, but the fundamentals make more $ than cents.
all roads point to a potential 20 to 30 % special divi, with a capital increase in value of 50 + % in the mid term.
there aint too many stock that represent such intrinsic value that i know of at the moment.
SIP Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held