UTV Software Communications Ltd ( 410.00) BUY

Snapshot

UTV Software Communications Limited
operates in the verticals of Television,Movies,Broadcasting, Gaming and New Media and is thus close to achieving the status of a 3600 media company. Walt Disney, which is a leading global player in the Media and Entertainment (M&E) Industry,holds 60% stake in UTV.

Investment Rationale

UTV is a 3600 company which is growing across verticals in the media industry. Such a growth is attained by both organic and inorganic means. The company has recently acquired True Games which is inolved in online gaming. By having an alliance with Disney the company is able to use its expertise in various fields like gaming animations, distribution of Hollywood movies etc.

The gaming industry is expected to grow manifolds in the coming years in India. India games which is a subsidiary of UTV has 60%market share in India. Even, in the online and mobile gaming industry,the company is involved actively with the subsidiaries and its strategic partner, Disney for designing games which are made to suit the USA customers, as USA is one of the biggest market for online gaming mainly due to the accessibility of internet and mobile phones.

UTV’s broadcasting business is a low cost model thus reducing the gestation period for the company. All of the channels are in a ‘Pay’and ‘Subscribe’ mode thus generating constant revenues for the company. This segment is expected to break even in FY10 with UTV Movies already in profit in FY10.

UTV has 35 movies on slate to be released in next two years. Of these around 8‐9 movies are of the budget of more than Rs.30 crs. The company is planning to invest around Rs.900 crs in this segment for next 2‐3 years, and is expected to earn revenues in the range of around Rs. 400 crs in FY10. Also because the company follows a studio model & with the company reducing cost of Production the margins in this segment are set to improve going forward.



expecting 15 eps in fy10, 35 eps in fy 11, 63 eps in fy 12 . in last 10 days Goldman Sachs Investments Mauritius I Ltd sold 6.5 lks shares in the open market . last 10 days delivery's 12 laks shares change hand in both exchanges. at avg price of 445.rs. current market price 410 is much lower compare to peers. last month it went up to 570 levels. Walt Disney bought 50 % stake at 750 rs.2 years back . so we can invest for long term and short term prospective


in next 5 days if the scrip holds 400 level it can go to 470 immediately .lower side i can come down to 375 in worst case. scrip can touch 550 in next 3 months.

HAPPY INVESTING


SAHADEV

Sabero Organics Gujarat ( 76.35)

Sabero Organics is an established player in the agrochemical industry which manufactures and sells a variety of specialty chemicals and crop protection products. Sabero has a diversified product portfolio for Insecticides, Herbicides, Fungicides and Specialty chemicals. The main products namely Mancozeb, Acephate, Glyphosate, Chlorpyriphos are the largest selling generic products in their respective segments with markets in most regions of the world. Sabero’s manufacturing facility is located in Gujarat and has received the title of ‘Pioneer Industry’ from the Government of Gujarat.
With more than 240 product registrations in 50 countries, Sabero has subsidiaries in Australia, Europe and Argentina and has also established 2 subsidiaries in Brazil which is the largest agrochemical market in the world. With around 65% of the Company’s revenues been contributed by exports, Sabero focus on various geographies around the world like Latin America, Europe, Brazil, Argentina, etc. Sabero is the largest producer of two of its key products namely Mancozeb and Glyphosate in India and second largest in the world.

Business Highlights:

Sabero becomes the second largest producer of Mancozeb in the world post capacity expansion to 30,000 tones per annum.

Launched new products – Insecticides Methamidophos and Acephate Prills

Company added as a source in the registrations of a large European MNC for:

• Mancozeb Technical (Fungicide) in 7 EU countries

• Glyphosate Technical (Herbicide) in 15 EU countries

• Acephate Technical and 90% prills (Insecticide) in USA MNC.

Details of financial performance

Continues to be one of the lowest cost manufacturer in the world for some key organophosphorous and dithiocarbamate products like Mancozeb, Monocrotophos, Acephate, Chloropyriphos and Diclorovos.

9M FY2010 (April – December 2009) v/s 9M FY2009 (April – December 2008)

• Income from operations (net of excise) at Rs. 33,374 lakhs as compared to Rs. 26,742 lakhs in 9M FY09, an increase of 25 %

• Profit before interest, depreciation and tax increased by 75 % to Rs. 6,912 lakhs compared with Rs. 3,953 lakhs in the corresponding period last year.

• Profit before tax up by 108 % at Rs. 4,888 lakhs as against Rs. 2,352 lakhs last year.
• Net Profit stood at Rs. 3,095 lakhs compared to Rs 1,945 lakhs in 9M FY09, an increase of 59%.

• Basic EPS (not annualized): Rs. 10.58 compared to Rs. 6.66 in Q3 FY09, an increase of 59%.
Q3 FY2010 (October – December 2009) v/s Q3 FY2010 (October – December 2008)

• Income from operations (net of excise) at Rs. 10,941 lakhs as compared to Rs 9,012 lakhs in Q3 FY09, an increase of 21 %

• Profit before interest, depreciation and tax increased by 112 % to Rs. 2,373 lakhs compared with Rs. 1,118 lakhs in the corresponding period last year.

• Profit before tax up by 108 % at Rs. 1,687 lakhs as against Rs. 611 lakhs last year.

• Net Profit stood at Rs. 1,027 lakhs compared to Rs. 511 lakhs in Q3 FY09, an increase of 101%.

• Basic EPS (not annualized): Rs. 3.51 compared to Rs. 1.75 in Q3 FY09, an increase of 101%.

New products introduced

In the current financial year, Sabero has introduced Methamidaphos, an insecticide. Methamidaphos which is used across several fruit and vegetable produce and is sold in South America and Africa. In addition, the company has introduced a new environmentally friendly formulation, Acephate prills for sale in Latin and North America. The company is also introducing, two insecticides, one rice herbicide, and a fungicide at the end of the March quarter, to be manufactured in existing facilities, for sale in India as well as international markets.

Going by the current performance of the company and the huge opportunity it has in the
future, Sabero is positioned itself to grow rapidly in the next couple of years. Based on
the above calculations, Sabero is better placed than its peers with a good growth
number and with low price to earnings. At the current price of Rs. 76.80, it is available at
6.5 times, with a market cap of Rs2300 mn, Based on the above estimates, the market
cap of the company at the end of FY2013 can be anywhere between Rs 4320 mn to Rs
13304.2 mn.

Concerns

Raw Material Price Fluctuations: Even though the raw material prices have stabilized
over the last few quarters, there is always a risk of fluctuation in raw material prices that
could affect the profitability of the company.

Currency Fluctuations: About 65% of the total sales of Sabero are exported to various
countries around the world. Any adverse movement in the rupee will impact the margins
of the company. It is therefore exposed to the currency fluctuation issues that could arise
during export transactions. However, there is a natural hedge in the form of imported
raw materials and domestic sales. So about 35% of topline at any point remains
unhedged and the company has no current plans of hedging this exposure

BUY AT CURRENT PRICE . WAIT FOR 4TH QUARTER RESULTS. IT WILL BE A 100 RS STOCK.

Vikas Granaries Ltd (27.50)

BUY VIKAS GRAN(531518) AT 27.5 .IT HAS A Trialing 12MONTHS EPS IS AT14 RS , 9MONTHS PROFIT IS AT 17.73 AND M CAP IS AT 48 CR. PROMOTERS HAS TAKEN 12 CR EQ AT A PRICE OF 22 RS. on 2005 . company has invested 45 cr for expansion. it will result future growth.

RESULTS:

http://vikasgranaries.in/wp-content/uploads/2010/02/31_12_2009.pdf

10 Deadly Trading Mistakes!

The following are 10 most common but deadly Trading Mistakes, which
traders should avoid at all costs. Anyone of them can literally
destroy one's financial dreams and goals!

1. Trading for excitement & thrill Not for profits.
Many traders consider stock market as casino and trade for thrill and
fun only. As soon as one has a losing trade, he wants to quickly make
back the lost money. He thinks about the other things he could have
done with the money, regret taking the trade and want to recover as
quickly as possible. This in turn leads to further mistakes. Be
patient and wait for the next high probability opportunity. Don't rush
back in.

2. Trading with a high ego.
Many individuals who have remained highly successful in other business
ventures have failed miserably in trading game. Because they have a
fairly big ego and thought they couldn't fail. Their egos become their
downfall because they can not except that they would be wrong and
refuse to get out of bad trades. Once again, whoever or wherever has
any one come from does not concern the markets. All the charm, powers
of persuasion, number of degrees & diplomas of business management on
the wall or business savvy will not budge the market when you are
wrong.

3. Three 4-letter words that will kill you! HOPE--WISH--FEAR--PRAY
If you ever find yourself doing one or more of the above while in a
trade then you are in big trouble! Markets has own system of moving up
& down. All the hoping, wishing and praying or being fearful in the
world is not going to turn a losing trade into a winning one. When you
are wrong just use a simple 4-letter word to correct the situation-GET
OUT!

4. Trading with money you can't afford to lose.
One of the greatest obstacles to successful trading is using money
that you really can't afford to lose. Examples of this would be money
that is supposed to be used in any other business, money to be paid
for college/school fee, trading with borrowed money etc. Ultimately
what happens is that when someone knows in the back of their mind that
they are risking the money they can not afford to lose, they trade out
of fear and emotion versus logic and no emotion. If you are in this
situation It is highly recommend that you stop trading until you earn
enough to put into an account that you truly can afford to lose
without causing major financial setbacks.

5. No Trading Plan
If you consider yourself a trader, ask yourself these questions: Do I
have a set of rules that tell me what to buy, when to buy and how much
to buy, not just for the next trade, but for the next 10 trades?
Before I enter a trade, do I know when I will take profits? Do I know
when I will get out if I am wrong? These questions form the first part
of a trading strategy. There simply cannot be any expectation of
success if we can't answer these questions clearly and concisely.

6. Spending profits before you make them.
Nothing is more exciting then getting into a trade that blasts off and
puts you into a highly profitable situation. This can cause major
problems however, because this type of trade puts you in a highly
euphoric state and leads to daydreaming about the huge profits still
to come. The real problem occurs as you get caught up in the daydream
and expectations. This causes you to not be prepared to get out as the
market reverses and wipes off all your profits because you have
convinced yourself of the eventual outcome and will deny the reality
of the situation. The simple remedy for this is to know where and how
you will take profits once you enter the trade.

7. Not Cutting Losses or letting Profits run
One of the most common mistakes made by traders is that they let their
losses grow too large. Nobody likes to take a loss, but failing to
take a small loss early will often result in being forced to take a
large loss later. A great trader is not someone who has never had a
loss. Great traders have made many losses. But what makes them great
is their ability to recover quickly from a string of losses. Every
trader needs to develop a method for getting out of losing trades
quickly. Research and learn to apply the best methods for placing
protective stoploss orders. The only way to recover from many (small)
losing trades is to make sure the winning trades are much larger.
After a series of losing trades, it becomes difficult to hold a
winning trade because we fear that it will also turn into a loss. Let
your profitable trades run. Give them room to move and give them time
to move.

8. Not Sticking to your plans & Changing strategies during market
hours
If you find yourself changing your strategy during the day while the
markets are still open, be mindful of the fact that you are likely to
be subject to emotional reactions of fear and greed. With rare
exception, the most prudent thing to do is to plan your trading
strategy before the market opens and then strictly stick to it during
trading hours.

9. Not knowing how to get out of a losing trade.
It's amazing that most of the traders don't have any clear escape plan
for getting out of a bad trade. Once again they hope, pray wish and
rationalize their position. It must be kept in mind that market does
not care what you think. It does what it does and when you are wrong
you are wrong! The easiest way to keep a bad trade from going really
bad is to determine before you get in, where you will get out.

10. Falling in love with a stock (Just Flirt).
Many traders get fascinated by just a stock or two and look for
opportunities to trade in those stocks only ignoring the other
profitable trading opportunities. It is because they have simply
fallen in love with a stock to trade with. Such tendencies can be
suicidal as for as trading is concerned. It may cost any one dearly.

source:Gaurav S Mehta

WPIL LTD

(A Williamson Magor Group Company)

WPIL Limited dedicates itself to the cause of total customer satisfaction. The Company has to its credit a rich experience of more than 50 years in Designing, developing, Manufacturing, Erecting, Commissioning and Servicing of Pumps. Either with the help of erstwhile foreign collaborators such as JOHNSTON PUMPS for Vertical Turbines, HAYWARD TAYLOR for Submersibles and WORTHINGTON for Horizontals; or with the in-house R&D recognised by the Ministry of Science and Technology, Govt. of India, it has grown into one strong brand-WPIL. Understanding the importance of need based operation WPIL Limited now offer System Engineering and complete solutions to all kinds of water and waste water handling and transportation needs

WPIL is a pump making company earlier known as Worthington PUmps India ltd. Govt taken over by Mr.Prakash Agarwal of Hindusthan Udyog limited. The open offer was at Rs60.They hold more than 70 % stake in it. Company has JV with CLYDE WATER PUMPS UK,a multibillion dollar multinational PUMP making company. They have agreeed to manufacture PUMPS for SUPER CRITICAL THERMAL POWER PLANTs in INDIA which currently NO ONE MAKES, India doesn’t have the technology to make those pumps. Clyde has also given a commitment to outsource its major orders to INDIAN facility. The facility for making Pumps for Super Critical plants should be working by Dec09.They have also agreed to have a technology transfer to manufacture Pumps for Nuclear Power plants in INDIA. The company’s fundamentals have already improved and bear testimony to the fact the business is on track,. After the JV plant becoming operational the Revenues should increase by 100 % for next year.

Historical Benchmarks:

1952 Commenced Business Johnston Pumps India as JV of Johnston,US.
1982 License from Hayward Tyler,UK for Submersible Motor.
1983 JV with Worthington name changed -Worthington Pumps India.
1990 CW Pump- 33,100 M3./Hr.,2600 KW, 500 MW NTPC Power Stn.
1995 Association -(Worthington-Ingersol Dresser) ends & name WPIL.
1997 Export Order ($1.7 Million) from Vietnam-Inclined Pump.
2000 Major Breakthrough - $4.44 Mill - Four Lao PDR Pump Station.
2002 APGENCO - Vijaywada Thermal Power Station - CW Pump
2003 Turnkey contract for large CW Pump - NTPC Vindhyachal:500MW
2005 Completing large turnkey project for Drainage Pumping Station in Bagjola near Kolkata comprising of 19 large Propeller Pumps
2006 Major sea water pumps (Duplex SS) for Saudi Arabia-JANA.
2007 Joint venture with Mitsubishi-Japan for contract for Concrete Volute Pumps to be supplied for Indian Project.

Applications :
	Raw Water from River / Sea Clear Water Deepwell Water

Pumps :
	Vertical Turbine, Mixed & Axial Flow Pumps Submersible Pumps Horizontal Splitcase

Understanding the importance of need based operation WPIL Limited now offer System Engineering and complete solutions to all kinds of water and wastewater handling and transportation needs.WPIL is one of the largest players in the large pumps industry, which comprises industrial pumps, and large domestic and irrigation pumps. WPIL is primarily a manufacturer of large vertical pumps. Commencing with small size vertical pumps for use in irrigation, WPIL has upgraded its technology and expanded its product range to include vertical turbine pumps, vertical mixed flow pumps, vertical axial flow pumps, submersible pumps and horizontal pumps. It has successfully absorbed technology from its erstwhile foreign collaborators, and has managed to indigenize it. Specifically, it acquired its vertical2turbine pumps technology (the company's mainstay) from Johnston Pumps, submersible pumps technology from Hayward Tyler, and horizontal pumps know-how from Worthington. Its products are used in irrigation, mining, power, petroleum and chemical industries. The company's main strengths lie in its designed engineering capabilities. It has a very good R&D set-up at its Panihati factory, which is widely regarded as one of the best in the industry. Its future growth would depend upon growth in the power, oil and petrochemicals, chemicals, coal, water supply and steel sectors. Government expenditure in the above industries, and also on agriculture and irrigation, would create future demand for pumps. There can be good demand for WPIL's range of pumps from new power projects. Further, an augmentationof water supply scheme in major cities is expected to yield a demand for vertical turbine pumps. The company has an impressive client list, particularly in the power and irrigation sectors. Of late, it has been increasing its thrust on exports. It is also putting a greater emphasis on turnkey projects.

OPERATIONS:

 The Company continues to grow with a dramatic growth in sales and profits for the Financial Year 2008-09. It is extremely encouraging to see balanced growth across the 3 divisions. Furthermore, a strong order intake in this financial year gives a comfortable opening order back log to support this growth.   The   management of the Company has planned   for   enhanced infrastructural    requirement/   technical   expertise    and    marketing organizations to ensure this growth. Clear strategic focus on the verticals of Power /Municipal/ Irrigation and Industry is envisaged to continuously pursue new opportunities. Total  revenues  of  the Company for the year  2008-09  was  16606.99  lacs representing  a growth of 42.55% (Rs. 11649.65 lacs for the  previous  year ended  March, 31, 2008). The Net profit after taxation was Rs. 827.88 lacs as against Rs. 495.47 lacs in the previous year signifying a robust growth of 67.09%. Earnings per share grew by 167.04% to Rs. 10.39 from Rs. 6.22 of last year. This growth in sales and profits is a result of greater volumes achieved due to capacity expansions previously undertaken. This growth is also  due to enhanced market penetration in the Irrigation  and  Industrial sector  along with the growth of the Project division. The Company intends to further consolidate its market presence and increase its market share on the   back of clear marketing strategies and enhanced   manufacturing capacities. It is to be noted that considerable capital investment has been made this year to create these capacities.

OPERATIONAL REVIEW:

 Kolkata Division: 

The  Kolkata division of the Company has been greatly strengthened  by  the Taratala  facility and  this  enhanced throughput  led  to  an  impressive performance. The division executed prestigious orders for NTPC / RRVUNL/ AP EGENCO / NLC stations in the power sector and Maharashtra/ Andhra Pradesh Irrigation   departments in the  irrigation  sector.  It also   exported specialized pumps to Australia and Saudi Arabia.

The  Company  successfully  conducted  model test  for  large  volute  pump turbines for I & CAD Department, Andhra Pradesh in collaboration with  MHI, Japan. This should lead to further opportunities in this niche sector.There has been addition of large machines at both its Panihati and Taratala facility along with the addition of a new, fabrication facility at Ganipur. These additions will help to quickly convert its growing order book.

Ghaziabad Division: 

The division continues to enhance its capabilities and grow its revenues by another 50% in2008-09. The Horizontal pump facility increased its number as well as extended its capability to larger sizes and special materials. The facility has a large order book for its products and sees good growth in numbers. Alongside, the standard verticals and engineered submersibles have been continuously growing and serving the client base.

Infrastructure Division:  

The turnkey project division has been a very positive focus for the Company as it greatly enhances the Company's capability to serve its markets.  The enhanced offering by the Company satisfies a need rather than performs a function. The Company has now a very established team of professionals who understand and cater to the market needs. The division strengthened its presence in the Industrial sector by booking orders from Salem Steel Plant and Vedanta Aluminium.  Furthermore,  all projects  in  hand  at  NTPC/  Kolkata  Drainage/  Andhra  Irrigation   are progressing well and are in advanced stages of completion. Large number of prospects is being pursued and the division has good opportunities to grow.

FUTURE OUTLOOK:

On  the  strength of its strong order book and rapid growth  in  power  and infrastructure  sectors along with adequate steps taken by the  Company  to enhance  its  manufacturing  capabilities and strengthen  its  project  and service  teams  will  allow  the Company to translate  these  orders  into profitable  growth.  The Company is continuously on the lookout for new opportunities of growth in both its present environment and allied areas.

Financial statement:

	Quarter ended			Year to Date			Year ended
	200912 (3)	200812 (3)	% Var	200912 (9)	200812 (9)	%Var	200903 (12)	200803 (12)	% Var
Sales	51.80	31.49	64.50	137.32	92.91	47.80	158.19	109.35	44.66
Other Income	0.09	-0.06	LP	0.32	0.18	77.78	0.41	0.20	105.00
PBIDT	6.67	4.25	56.94	17.17	11.82	45.26	17.32	11.66	48.54
Interest	0.89	1.16	-23.28	2.77	2.99	-7.36	4.12	3.34	23.35
PBDT	5.78	3.09	87.06	14.40	8.83	63.08	13.20	8.32	58.65
Depreciation	0.36	0.30	20.00	1.03	0.83	24.10	1.16	0.78	48.72
PBT	5.42	2.79	94.27	13.37	8.00	67.13	12.04	7.54	59.68
TAX	1.73	0.98	76.53	4.32	2.82	53.19	3.70	2.15	72.09
PAT	3.55	1.81	96.13	8.73	5.17	68.86	8.28	4.95	67.27
Equity	7.97	7.97	0.00	7.97	7.97	0.00	7.97	7.97	0.00

Expecting min 6 cr profit in last quarter and company may end up with 16-18 e.p.s .for this year. Buy this company at c.m.p 194 sl 175 tgt 275 in a3 month time.

Bayer CropScience

Time to look at Bayer Cropscience . stock listed at nse one week back. and u can see the volumes in both exchanges stock has accumulated at 550 levels .and Friday it was closed at 560 results are at 20th jan. so u can see a big rally in the stock and it is a 10fv stock. and having 25 eps and last five years 180 t0 280 % dividend distribution . and it is also having land bank story.and seed bossiness to grow in next two years .

BCS extended a VRS scheme to its employees at the Thane plant and shut it thereafter. Currentlythe plot is empty and would be available for sale at appropriate valuations. As per media reports the land bank is estimated to be in the region of 108 hectares. At market valuations ofRs10cr/ha, the land bank is valued at around Rs1,000cr. We have conservatively factored in 50%discounted value of the Thane land in our estimates, which translates into Rs101/share

Buy the stocks which are having good fundamentals at this highly expensive market.

9 Tips for success of stock market investors

1. Never invest borrowed money

If you invest borrowed money, it is very tough to get real gains. Your real gains will be the left over money(if any) after you repaid the borrowed money with interest. Only few lucky fellows may find success with it and for others it will be a night mare.

With borrowed money, you don’t have freedom to leave the investments for long term. Even small things in the market leave you panic and you will end up with wrong decisions. Always, invest the money which you feel won’t impact your life even if you lose it.

2. Do your own research

The first thing to avoid is depending on the tips you get from brokers, colleagues or so… There is nothing wrong with listening to the tips, but if you make decision without doing analysis from your side then don’t blame them if you get negative result. It is your responsibility to make the decisions on your own understanding. If you don’t have time and knowledge to do the research on stocks, better go for mutual funds.

3. Buy in bear market, Sell in bull market

It is a dream of every investor and take resolutions to follow it when everytime they lose money, but rarely stick to it. Most of the invetsors end up with buying in bull market and selling bear market. Only a few who have guts to buy in bear market and can wait get the fortunes. Buying in bear market seems to be a simple thing, but when overall sentiment in the market is negative, it is very hard to take the wise decison.

4. Diversify, but not too much

Diversification strategy says "Don’t put all your eggs in one basket". It is always advisable to diversify your investments into a portfolio of selected number of scrips. But don’t diversify too much.

With over diversification, you hardly get any money. Stick to a few selected scrips which you believe can get you good returns and wait till your time comes.

5. You really need to think ‘long‘

Many say, long term investment strategy works. We agree, but what should be the time frame for long term investors ? some say, more than a year or two and some up to 5 years. For us, we don’t have any time frames. If you understand the scrip thoroughly which you are going to be invested in, then if it requires only 6 months to get most out of it or a decade to make a fortune out of it, it doesn’t matter.

Based on your comfort level with the scrip your time line may vary but your commitment to stay with scrip till you get the expected result is what differentiates the long term investors from the crowd.

6. Develop your own strategy

This is not only for the long term investors even for traders also. A strategy must be there on how/when to entry and exit the scrip. Just don’t follow others strategies, just look at them and customize it to your own needs. Your investment strategy should be simple, easy to follow and you understand it ‘in and out’ of it. Make necessary changes to your investment strategy whenever necessary based on your experience and observations. Without a own strategy, it is hard to get success in share market

7. Fundamental analysis works

Know the basics of stock market. Give some time to understand the investment concepts, process of how stock market works. Read about how to research a company, how to understand the balance sheet of the company etc.

You no need to be a regular reader of economic times but try to know the things like how budget impacts your investments. Most of the time, we give time to dream about our investments growing multifold but don’t really understand what factors impact our investments.

8. Don’t panic over small stuff

If you are a long term investor better don’t be fooled by so called stock market analysts, brokers or whosoever. They quite often create either unnecessary hype or panic which hardly happen.

Observe the things with open mind, when you really think some thing is really going to happen, take a wise decision but stay away from day to day hypes and panics created by media.

9. Does age matter ?

Share market investments are for wise men but not for others. Many say, starting investment in the young age is advisable as they can take more risk. May be, but if you are young why should you take more risk ?

Risk comes into picture when you don’t understand the things clearly. Even if you understand, some times the things may work in the other way. The difference is the ‘level of risk’. Take calculated risks.

We feel that if you understand the things properly it doesn’t matter whether you are in teens or in nineties. You may not agree with our opinion, but think… What is the age of warren buffet ?

Disclaimer: The above discussed points are our personal opinions. There may be many exemptions whatsoever. Please consider them only after your own analysis.