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Vehicle scrappage policy: Is it right time to invest in tata [email protected] and ashok [email protected]

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Subhodayam

Hello Dimers

Please provide your views on which stocks is going to effect (either + or -) due to our government upcoming Vehicle scrappage policy.

Is the policy going to approve in coming budget feb 2021?

Is it good time to invest in tata [email protected] and ashok [email protected] (today rates). Or add any other stocks which going to be multibaggers?

@tristar
@Asia @homedimer @BubbleBoyChickenLittle @Original @MrKool_JJ @malikcool @guest_999 @Mr.Bean @drjpatwa @bikidas2060 @letmetravewithyou442 @panchabhut @Shahskm @homedimer @babyboss

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Deal Subedar Deal Subedar
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What is the policy?

Deal Cadet Deal Cadet
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I also saw somewhere that Tata Motors is coming up with Electric car cheaper by 10-15lacs than Tesla. Not sure of the source.

Critic Critic
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Never bet on govt to do anything for sure, as of now almost all stocks are overpriced because market itself is overpriced by a lot. Only buy those overpriced shares which will not lose much once the market corrects which means shares must have good fundamentals.

Deal Subedar Deal Subedar
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dhinchakrohit wrote:

I also saw somewhere that Tata Motors is coming up with Electric car cheaper by 10-15lacs than Tesla. Not sure of the source.

Tata motors already have a EV car at around 15lacs . Way way cheaper than Tesla.

Personal opinion…Tata Motors is a buy
Company has transformed itself..products are good. Current generation cars are selling good as well..

Ashok Leyland…can’t say much .purely commercial vehicles..Tata looks better to me.

Deal Cadet Deal Cadet
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I don’t think there will be a long term impact in terms of Auto pricing due to the scrappage policy….. The new Gen pop just wants to keep exchanging cars lihe mobile phones, so this might make an impact in the commercial segment, that too might cause some intermediate pressure but that will be to the consumers (sadly veggie prices, dal rice etc will go up) not the industry…

You don’t have to necessarily scrap your vehicle you have to pay higher fees for FC, Road Tax Insurance etc…

Yes their sales will increase but that would just bring them to their existing YoY sales figures (pre Corona), as usual people will react and start buying, you can buy Auto stocks opening session monday hold for some time and you can sell it to make a small profit… may be TM 288~300 even 308/12 in a couple of days after and AL at about 118-130,… Remember these are pure guesstimates, these 2 stocks are super bullish, like really super bullish right now (inflated prices), my prediction could be completely wrong… Keep it on your watch list if you’re a long term investor, then once it corrects AL ~70-80, buy and hold till 2023 and then decide based on the market..

Disclaimer: This is my opinion only, don’t take this as investment advice, consult your investment advisor for investment advice……

Deal Captain Deal Captain
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Would have suggested you to buy AL if it was trading around 50rs or something hushed

Deal Cadet Deal Cadet
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MrKool_JJ wrote:

Would have suggested you to buy AL if it was trading around 50rs or something hushed

Offtopic

Aap ka apna stock bata do ji….Jo abhi le sakte hai.

Hunk Hunk
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guest_999 wrote:

Never bet on govt to do anything for sure, as of now almost all stocks are overpriced because market itself is overpriced by a lot. Only buy those overpriced shares which will not lose much once the market corrects which means shares must have good fundamentals.

True. Am just sitting tight stuck_out_tongue

Hunk Hunk
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Bhai honestly no idea, but I will do some digging

Deal Cadet Deal Cadet
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tristar wrote:

I don’t think there will be a long term impact in terms of Auto pricing due to the scrappage policy….. The new Gen pop just wants to keep exchanging cars lihe mobile phones, so this might make an impact in the commercial segment, that too might cause some intermediate pressure but that will be to the consumers (sadly veggie prices, dal rice etc will go up) not the industry…

You don’t have to necessarily scrap your vehicle you have to pay higher fees for FC, Road Tax Insurance etc…

Yes their sales will increase but that would just bring them to their existing YoY sales figures (pre Corona), as usual people will react and start buying, you can buy Auto stocks opening session monday hold for some time and you can sell it to make a small profit… may be TM 288~300 even 308/12 in a couple of days after and AL at about 118-130,… Remember these are pure guesstimates, these 2 stocks are super bullish, like really super bullish right now (inflated prices), my prediction could be completely wrong… Keep it on your watch list if you’re a long term investor, then once it corrects AL ~70-80, buy and hold till 2023 and then decide based on the market..

Disclaimer: This is my opinion only, don’t take this as investment advice, consult your investment advisor for investment advice……

Thank you so much for detailed explanation. When can we expect correction? Market correction means sensex to reach below 13k or 12k?
How come to know these stock prices are bullish?
@guest_999
Just want to learn something.

Critic Critic
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Subhodayam wrote:

Thank you so much for detailed explanation. When can we expect correction? Market correction means sensex to reach below 13k or 12k?
How come to know these stock prices are bullish?
@guest_999
Just want to learn something.

Bro I don’t have much technical knowledge of markets, just basic concepts like p/e ratio which is currently at an all time high for nifty. @bikidas2060 bhai will be able to explain it better.

Hunk Hunk
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guest_999 wrote:

Bro I don’t have much technical knowledge of markets, just basic concepts like p/e ratio which is currently at an all time high for nifty. @bikidas2060 bhai will be able to explain it better.

Bhai I am thinking on what to write grinning grinning
But bhai you are right, it has been historically proven that high P/E means danger. People say earnings will grow, but that’s a speculation. Let’s see bhai

Deal Cadet Deal Cadet
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Currently it is wise to park Money in liquid funds/idfc till PE comes down is what I feel…

Deal Captain Deal Captain
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dhinchakrohit wrote:

Offtopic

Aap ka apna stock bata do ji….Jo abhi le sakte hai.

Sbi cards hi lelo joy
Muje exit krna h abi bahut jaldi…

Deal Cadet Deal Cadet
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Subhodayam wrote:

Thank you so much for detailed explanation. When can we expect correction? Market correction means sensex to reach below 13k or 12k?
How come to know these stock prices are bullish?
@guest_999
Just want to learn something.

Here’s the funny part… The markets usually correct depending on how inflated the prices are (> 10%..), honestly I would’ve expected a correction in Jan post Q3 results…. But the bull run continues… (meaning prices continue to go up for shares..) which is crazy… some of the shares moved up by 100/- for a 200-300 price share..

Now with the correction expected and closing in, we would wait in anticipation, but the FM has given some major headlines about the upcoming budget, and if it’s indeed the best budget in the last 100 years, we’re going to look at a further bull run :S More inflated prices after 1st Feb 2021…

Another crazy thought, post corona, people lost jobs and repo rate is down as crap, this has led to a lot of noob investors entering the market, investing in MFs and Stocks, which is like a buying frenzy over a period of 6-8 months, causing the market to keep running ahead.. Speculation….

The US has a bullish run too, there could be some impact when NYSE corrects…

However near end of Q4, shit will hit the fan… I’m guessing end of Feb, Mid march and it’s going to be big… IT will probably do well, post Q4 with some spikes, nothing major… FMCG will move up and down depending on how much spending power is available to the people…

Bullish in simple terms, when the stock keeps moving in an upward trend, price keeps increasing, this is a good sign.. However some of these companies have had to face losses last year and the price of the share cannot be this much since it’s just inflated.. There are a lot of analysis and parameters to look at to identify inflated stocks, can’t do it within a post.

Here’s a strong caution though ! STOP LOSS IS A MUST if you’re buying the bullish stocks !!!!!

Disclaimer: This is my opinion only, don’t take this as investment advice, consult your investment advisor for investment advice……

Deal Cadet Deal Cadet
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MrKool_JJ wrote:

Sbi cards hi lelo joy
Muje exit krna h abi bahut jaldi…

Woh to lambi race ka ghoda hai ….

Deal Cadet Deal Cadet
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dhinchakrohit wrote:

Currently it is wise to park Money in liquid funds/idfc till PE comes down is what I feel…

Which liquid funds gives best interest rates. Please suggest.
IDFC bank not available in my area. Can we open account in online? What is the interest rate for savings account.

Deal Cadet Deal Cadet
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tristar wrote:

Here’s the funny part… The markets usually correct depending on how inflated the prices are (> 10%..), honestly I would’ve expected a correction in Jan post Q3 results…. But the bull run continues… (meaning prices continue to go up for shares..) which is crazy… some of the shares moved up by 100/- for a 200-300 price share..

Now with the correction expected and closing in, we would wait in anticipation, but the FM has given some major headlines about the upcoming budget, and if it’s indeed the best budget in the last 100 years, we’re going to look at a further bull run :S More inflated prices after 1st Feb 2021…

Another crazy thought, post corona, people lost jobs and repo rate is down as crap, this has led to a lot of noob investors entering the market, investing in MFs and Stocks, which is like a buying frenzy over a period of 6-8 months, causing the market to keep running ahead.. Speculation….

The US has a bullish run too, there could be some impact when NYSE corrects…

However near end of Q4, shit will hit the fan… I’m guessing end of Feb, Mid march and it’s going to be big… IT will probably do well, post Q4 with some spikes, nothing major… FMCG will move up and down depending on how much spending power is available to the people…

Bullish in simple terms, when the stock keeps moving in an upward trend, price keeps increasing, this is a good sign.. However some of these companies have had to face losses last year and the price of the share cannot be this much since it’s just inflated.. There are a lot of analysis and parameters to look at to identify inflated stocks, can’t do it within a post.

Here’s a strong caution though ! STOP LOSS IS A MUST if you’re buying the bullish stocks !!!!!

Disclaimer: This is my opinion only, don’t take this as investment advice, consult your investment advisor for investment advice……

Again thanks for the well-detailed explanation.

Can you help me to understand how to place stop-loss order for a stock.

Suppose if I place order for the tata motors @ 290 with Stop-loss 280. Is the stop loss order there for a week?

Deal Cadet Deal Cadet
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Subhodayam wrote:

Which liquid funds gives best interest rates. Please suggest.
IDFC bank not available in my area. Can we open account in online? What is the interest rate for savings account.

Idfc account can be opened online. 7%. DM me for referral.

Deal Cadet Deal Cadet
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Subhodayam wrote:

Again thanks for the well-detailed explanation.

Can you help me to understand how to place stop-loss order for a stock.

Suppose if I place order for the tata motors @ 290 with Stop-loss 280. Is the stop loss order there for a week?

You can’t stop loss for more than a day.. However you can have trigger based orders which will execute buy/sell based on the price.. Basically buy using trigger, hold and sell using trigger..

ALso it varies with Apps. I’d recommend you to start from dscratch and learn the tutorial of your brokers app…

Deal Cadet Deal Cadet
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tristar wrote:

You can’t stop loss for more than a day.. However you can have trigger based orders which will execute buy/sell based on the price.. Basically buy using trigger, hold and sell using trigger..

ALso it varies with Apps. I’d recommend you to start from dscratch and learn the tutorial of your brokers app…

Thanks for the reply. If possible Can you provide me any YouTube video on how to place trigger based order on zerodha?

Deal Cadet Deal Cadet
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Not the right time to invest now but both these stocks are super bullish right now. I am holding Ashok Leyland and my average price is around Rs. 80 and I will buy some if it comes around 105 level. I doubt it will go below 100 level unless market corrects a lot.

Deal Cadet Deal Cadet
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Subhodayam wrote:

Thanks for the reply. If possible Can you provide me any YouTube video on how to place trigger based order on zerodha?

Not to sound like an a$$ but can’t you just google and find it ?

Deal Cadet Deal Cadet
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RaviKhanna wrote:

Not the right time to invest now but both these stocks are super bullish right now. I am holding Ashok Leyland and my average price is around Rs. 80 and I will buy some if it comes around 105 level. I doubt it will go below 100 level unless market corrects a lot.

Thanks for the suggestion bro. How can we calculate/estimate the stock price is high/low.

How max/fall a stock price reach?

Deal Cadet Deal Cadet
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tristar wrote:

Not to sound like an a$$ but can’t you just google and find it ?

Sorry brother will try.

Deal Cadet Deal Cadet
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Subhodayam wrote:

Thanks for the suggestion bro. How can we calculate/estimate the stock price is high/low.

How max/fall a stock price reach?

Bro I look at charts but don’t know much about fundamentals. If according to my charts I get a buy signal then I buy that stock with stoploss in mind.

Deal Subedar Deal Subedar
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…I bought tata motors at 76 and got out of tata motors at 265 and 303….

…now my opinion is sell tata motors with a sl of 320…target 245-255…
Critic Critic
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Subhodayam wrote:

Thanks for the reply. If possible Can you provide me any YouTube video on how to place trigger based order on zerodha?

https://support.zerodha.com/category/trading-an...

https://zerodha.com/z-connect/tradezerodha/kite...

https://support.zerodha.com/category/trading-an...

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