Gains in Oil Drilling Stocks

Gains in Oil Drilling Stocks

Following the increase in Oil prices, stocks of companies in the Oil Drilling business are doing good in falling markets. Our research application had helped us in investing into some of the leaders in this sector. Our holdings in Alphageo, ABAN, CAIRN  & Deep Industries have all gained more than 15% from our entry levels, and this has come through in a falling market, which has taken a breather following the demonetization of higher value currencies.

Having these stocks in portfolio and their gains are helping us out perform the benchmarks on a regular basis. As we write this, the broad markets are down 0.64%, while our portfolio is down 0.32%. For a portfolio that is having a 1.32 beta, this phenomenon is a rare occurrence, showing us the strength of the research behind our stock selection.

About Author

Ramesh Sigamani

Ramesh Sigamani

With over 3 decades of experience in capital market investments, Ramesh Sigamani is a trusted Financial Planner par excellence. He works personally with individuals and corporates to build a strong investment portfolio that stands firm against market volatilities and delivers time & time again.

Related posts

Why Mutual Funds May Trump Real Estate as An Investment Option?

We Indians are believers in creating assets and leaving it behind for the next generations. Saving up and funding assets is a must, for most Indian families. So, what kind of assets do we look at investing in? In a typical Indian family, it will mostly be gold, real...

Read More

April 2018 – Indian Stock Market bounces back

After the correction in the markets that set in post the budget session following Global trade war, Crude Oil price increase and stress on financial assets due to expected interest rate hikes, markets had a sharp bounce back in April. SENSEX recovered more than 5% in April almost getting...

Read More

Give a Reply