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Nifty 50 is trading at 6500 levels and trading at almost life time high. General elections of the country are in front of us and will offer a full opportunity to the market to swing anywhere. This is the time you should be ready with the list of the stocks to consider if market throws insane prices. These opportunities come up very rarely in the market (maybe 4 – 5 times in the year) and everyone especially professional investors are on the toes to grab them.

You have to start from somewhere your research to prepare your list and the best way to start is by filtering the market with the good investment quality stocks. Once that is done than the best thing is to look at their latest reports and see how these business are performing today.

Once you identified that they are performing up to the mark then it is the time to look at the other reports for the current year.

Once you have got facts about current year performance then it’s time to do a bit more detail research by reading through the annual reports and understand their business model and what are the future guidance and forecasts by management and of analyst’s who are covering those businesses.

The final step will be to calculate value of these businesses and find out whether they are trading cheap or expensive.

Below is the list of another 29 good quality businesses (mine) view on the performance of them in the solely December 2013 quarter. This list will help you out to start with your research.

Name

Sector

Comments

NIIT Tech

Computer – Software

PBT drops 28% compare to same quarter last year and revenues climb by 14%.

HCL Tech

Computer –software

39% Jump in revenues and 66% jump in PBT compare to same quarter last year.

Mindtree

Computer – software

Drop of 9% in PBT and a climb of 34% in its revenue compare to same quarter last year.

Persistent System

Computer- software

23% jump in PBT & 30% in revenues compare to the same quarter last year.

Eclerx

Computer – software

40% jump in PBT & 29% in revenues compare to the same quarter last year.

Aptech

Computer – software

4% jump in PBT & 1% in revenues compare to the same quarter last year.

CMC

Computer – hardware

9% jump in PBT & 14% in revenues compare to the same quarter last year.

Geometrics

Computer – software

50% drop in its PBT & 10% jump in its revenues compare to the same quarter last year.

Hexaware

Computer – software

59% jump in PBT & 24% in its revenues compare to the same quarter last year.

Info Edge India

Miscellaneous

8% jump in its PBT & 16% in its revenues compare to the same quarter last year.

Infy

Computer – software

26% jump in its PBT & 23% in its revenues compare to the same quarter last year.

Kpit

Computer – software

6% jump in PBT & before exceptional items & 20% in its revenues compare to the same quarter last year.

Oracle Financial Services

Computer – software

12% jump in PBT & 14% in its revenues compare to the same quarter last year.

TCS

Computer – software

53% jump in PBT & 33% in its revenues compare to the same quarter last year.

Tata Elxsi

Computer – software

159% jump in PBT & 27% in its revenues compare to the same quarter last year.

Tech Mahindra

Computer – software

181% jump in PBT & exceptional & 174% in its revenues compare to the same quarter last year.

Zensar Tech

Computer – software

3% drop in its PBT and jump of 13% in its revenues compare to the same quarter last year.

Bajaj Finserv

Finance – investments

16% jump in PBT & 24% in its revenues compare to same quarter last year.

Bajaj Holdings

Finance – investments

7% jump in PBT compare to the same quarter last year.

CRISIL

Miscellaneous

16% jump in its PBT & Revenues compare to the same quarter last year.

Britannia

Food Processing

8% jump in its PBT & revenues compare to the same quarter last year.

Glaxosmithkline healthcare

Food processing

17% jump in its PBT & 18% in its revenues compare to the same quarter last year.

Jubilant Foodworks

Miscellaneous

9% drop in its PBT & jump of 19% in its revenues compare to the same quarter last year.

Zydus wellness

Vanaspati/Oil

3% Jump in PBT & 1% in its revenues compare to the same quarter last year.

NMDC

Mining/Minerals

24% jump in its PBT & 38% in its revenues compare to the same quarter last year.

Coal India

Mining/Minerals

6% drop in PBT & Exceptional items & 2% drop in revenues compare to the same quarter last year.

Dr. Reddys

Pharma

58% jump in its PBT & 23% in its Revenues compare to the same quarter last year.

Cipla

Pharma

18% drop in its PBT & jump of 23% in revenues compare to the same quarter last year.

Biocon

Pharma

16% jump in its PBT & 11% in its revenue compare to the same quarter last year.

Finally, in January 2014 we shared our view on the market at that time and our view was that it was modestly overvalued (click here to read that blog). With rupee performing strongly against dollar and after re doing our calculations, we came to conclusion that at the moment it is trading at fair value.

On coming to that conclusion on overall market, we have also found that the list of these good quality businesses are today trading in range of 5% – 40% expensive. But there are few patches within them which are trading at discount and worth investigating today.