Recently I was bit stumped by the liquidity of the stocks in my portfolio. I had also sold some illiquid stocks and was a bit lost in getting a new concentrated big idea. As a stop gap I wanted to get into a good fundamental company which had liquidity.
The below article in Business Today impressed me.
I found out that it was subsidiary of APL Apollo (the erstwhile Bihar Tubes). The Annual Result of APL Apollo for the year 2014 was good. The shareholding for Sep 2014 quarter was very impressive.
The financials were looking lucrative. Based on the above information I had bought a few shares in APL Apollo. I am not at this point sure if it a long term or short term bet.
P.S This is not a recommendation.
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